The Must-Have Features For Millennial Home Buyers
Millennials make up the largest percentage of first-time homebuyers today and are 35 percent of the whole housing market. And knowing what this group of people is looking for in a home is essential for anyone trying to sell their home, builders, and contractors.
While Millennials are often grouped together as a demographic with special and specific needs, many of the things they are looking for are the same things most current homebuyers are looking for as well.
One of the main things that Millennials, as well as homebuyers of other demographics, look for in a home is an open floor plan. This trend has never been more popular, and it seems like it might be a lasting one. Also important to Millennials is having a designated living room, and a master bathroom with a separate bathtub and shower also makes the list. Having a room that is designated as a laundry room is also important to Millenials, as well as 92 percent of all other homebuyers.
On the more aesthetic side, hardwood floors were the most desired cosmetic feature listed. For outdoor features, Millennials wanted to see outdoor lighting, as well as a porch, patio, or deck. Millennials specifically look for energy-efficient appliances as well. Millennials, as well as other homebuyers also prefer rooms with ceiling fans.
For the most part, there isn’t anything on most Millennial’s wish-lists that is too out-there as far as home features go. But keeping this list in mind is a great idea when it comes to choosing what to renovate or highlight when preparing your home for sale.