Inside the Mind of the Millennial Homebuyer
Numbers Don't Lie !
80% of Millennials recently surveyed expressed a desire in becoming future homeowners! 66% percent of whom are expected to do so in the next 5 years. With such a huge influx of new homebuyers entering the market, what changes (big or small) can current homeowners do to attract the eye of these consumers who are most likely to buy THEIR house! Check out our top 5 list 🎉!
#1) Modest Updates 🛠
Think Move-In ready! This after all is the on-demand generation. A dollar spent on updating a bathroom is money well spent or fresh paint goes a long way!
#2) Going Green 🌲
The falling prices of solar panels combined with the ever improving product quality make this a highly enticing feature to have for an environmentally conscious younger demographic!
#3) Outdoor Lifestyle 🍺
77% of Millennials say that they want their outdoor space to have the "relaxing retreat" vibe!
Adding a simple outdoor patio with some exterior lighting would go along way to painting the picture here!
#4) Think Practical Space 🤔
The idea of having a beautifully designed room that is used for a grand total of 5 times a year (We are looking at you: Dining Room) Wouldn't it be a great use this space! Converting this space to an everyday lounge area is the go-to alternative here!
#5) Smarter Home 📲
Adding security features like a doorbell camera, backyard floodlights built-in camera and smart thermostat are not as costly as they may seem! (Check out our Smart Home Guide)
In fact, Millennials polled say they'd pay 20% more a month in order to secure a home with smart technology!