What Younger Buyers Want In a Home
As a seller, you most likely already know that today’s breed of buyers is unlike the generations that came before. Tech savvy and always on the go, Millennial buyers—a blanket term that includes Generation Y and the Echoboomers—have different expectations from their parents when it comes to buying a home.
- A recent survey of Millennials (ages 18 to 34) by the home builder PulteGroup found that among the top home desires are an open layout for the kitchen and family rooms that allow for easy entertaining.
- Ample storage is high on the “must have” list, and large, walk-in closets are coveted.
- The next generation wants their home to have space for TV, movie, and sports watching. Many buyers now prefer high-tech rooms with surround sound, large-screen TV’s, and the most up-to-date A/V equipment to the coveted formal dining room or living room of past generations.
- In order to accommodate today’s fluid lifestyle, a home with “flex space”–a room that can be converted into a home office, a guest room, or a nursery, eg.– provides options for both current and future needs of the young buyer.
- Nearly all young buyers prefer gleaming hardwood floors to make a space feel less confined and give it a new, clean feeling.
- “Green” and smart homes are also high on the Millennials’ wish list. Energy-efficient appliances and windows are expected, and these buyers are impressed by home automation systems. Having grown up with smartphones, apps, and Google searches, they want to use technology not only in their search for a home but also throughout the home itself. A spring survey by Better Homes & Gardens Real Estate shows that 77 percent of Gen X & Gen Y home buyers want their homes “equipped with the technological capabilities they have grown accustomed to.”
- Also increasing in popularity are smaller living spaces and one-floor homes. Likewise, urban residences are gaining appeal since active and social young buyers want to be near transit hubs and are looking for buildings with amenities. They often want a full-time concierge, a full-service gym, even an in-house spa or business center.
Information provided by Pam Sitterly, Magnolia TX Realtor.