7/15/2020
6 Home Trends for Millennial Homebuyers
So, what exactly are millennials looking for during their property search and what’s popular nowadays? Check out our list of millennial homebuying trends!
Millennials make up the largest percentage of homebuyers in the market today. Now that many in this generation are starting families and creating new life goals, it’s no surprise that they are perusing the housing market for a home to call their own.
So, what exactly are millennials looking for during their property search and what’s popular nowadays? Check out our list of millennial homebuying trends!
Open Space
Even if the property doesn’t have an impressive square footage, that can be remedied by the illusion of openness. Without walls as barriers between rooms (such as between the kitchen and living room), homes can easily look bigger, depending on your interior design choices. For example, a minimalist feel can really give your home the openness you desire.
Extra Rooms
Many homebuyers look for more rooms to dedicate to a craft, hobby or office. An extra room for a workspace, especially now, would prove to be incredibly convenient. Spare rooms may also be used as a home gym, library, home theater, guest room, gaming room and more.
Energy-Efficient Appliances
Millennials are becoming more and more environmentally conscious and many are looking to start or continue their sustainability at home. Appliances and features such as energy-efficient stoves/ovens, refrigerators, windows, lightbulbs and more all contribute to sustainability and a cleaner, greener Earth. Properties with these extras already included are much more appealing for the eco-friendly millennial.
Earth Tones and Soft Colors
Certain colors are known to induce calmness and relieve stress and anxiety. Earth tones and softer colors are popular and can add to a room without being overpowering. Of course, homebuyers can always repaint the walls, but having the convenience of an already-painted home is a huge plus!
Natural Light
Location, window size and window count all contribute to how much natural light a home receives. Sunlight in a home is alluring – it enables you to save money on electricity, helps your plants grow, improves your mood and gives you a little vitamin D every day. In the winter, it can help warm up your home without turning up the heat as well.
Character
Not everyone wants or needs an all-new, completely renovated luxury home. Some properties just need a little love and care. Fixer-uppers help save on money while also giving a little bit of character with their older age and unique features. Homebuyers don’t even have to worry about the extra money they need to renovate a property – we can help with a renovation loan!
No matter what they’re looking for in a home, more millennials have started buying their first properties in recent years and will, inevitably, continue to do so in upcoming years. If you’re beginning to think about investing in your future by buying a home, give me a call – I can guide you through the process!