The majority of real estate markets are made up of millennial home buyers. For this reason, any home seller should know what features to showcase in order to attract this niche that is now taking over the buyers’ market. So what exactly are millennial home buyers’ preferences?
Smart Homes
Technology plays a large part in many aspects of our life, including homes. Smart home features are a must when targeting millennial home buyers. They are willing to pay higher prices for these homes. The most common smart home features looked for are automated devices that control appliances, lights, heating, and garage doors. These can come in the form of Amazon’s “Alexa” or Google Home.
Low Maintenance Cost
Everyone wants a fancy and upscale home, but this cannot come at the cost of excessive maintenance. Pointing out features such as a new roof, new windows, low maintenance siding, as well as high efficiency HVAC systems shows a low cost of maintenance on a potential home purchase.
Storage Capacity
This is one of the most important features that millennial home buyers are on the look-out when looking at a potential home purchase. This storage capacity can come in the form of linen closers, a spacious garage, as well as a walk-in pantry.
Laundry Rooms
A separate laundry room is attractive to millennials. This is so often overlooked and makes such a large impact on buyers. This can be as easy and cost-effective as installing shelving in an existing laundry room to make it cozier and attract millennial home buyers.
Outdoor Space
The outside of your home is equally as important as the inside. Outdoor oasis spaces are key to the market these days. Whether its a cozy deck or patio for entertaining, outdoor spaces are becoming more and more important.
Is there anything we missed? What do you see as millennial home buyers preferences?
To view this entire article visit 15 Things Millennial Home Buyers Look At While Buying A House (rochesterrealestateblog.com)
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