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9 Things That Top A Millennial Wish List
There are many misconceptions about what drives Millennial homebuyers to make an offer on a property. When you are selling your home, cutting through the "wrong" ideas can make your home more appealing to this highly motivated demographic. As you prepare your listing, the following are nine things that are at the top of a Millennial buyer's wish list.
- Room to Grow
The majority of Millennial homebuyers are around 30. They are eager to settle down and start a family. This means they want a property with an extra bedroom or two, a yard, and enough space for them to put down solid, stable roots. Three bedrooms and two bathrooms within a 2,500-square-foot home is an ideal property for this demographic. - Value for the Money
75% of Millennial homebuyers view homeownership as a good investment that can create wealth over the long term. As a result, selling your home to a Millennial buyer requires demonstrating that the property is likely to continue appreciating. - Location Matters
For Millennials, location is more than just a good neighborhood that is close to good schools and shopping. It also entails places that are close to public transportation or within walking distance of where they work, grocery stores, parks, etc. - Technologically Up-to-Date
Many Millennials work from home and require a reliable internet connection and cellular network. Connectivity is crucial when selling your home to Millennial buyers. Furthermore, homeowners who invest in smart features, including smart home security systems and smart thermostats, can set their property apart from the competition. - Energy Efficiency
With energy bills rising across the country, energy efficiency is something that transcends demographics. Millennials are cost-sensitive to energy bills for many reasons. These include environmental awareness and the desire to apply the savings towards other purposes, including investments, vacations, etc. - Stylish and Appealing
Setting the stage for Millennial homebuyers is essential. When selling your home to Millennials, they want to see modern home decor. This means color schemes that are stylish, newer appliances, furniture placement that opens the rooms up, and an absolutely minimal level of bric-a-brac throughout the home. Modern traditional is the most commonly desired type of home for Millennial homebuyers. - Outdoor Space
Millennials love to entertain and relax at home. They want landscapes that are well-kept and suitable for entertaining guests, and they want retreats where they can rest and recharge after a long day at work. Towards this end, homes with large patios, spacious decks, outdoor kitchens, and a bit of grass are ideal features to promote when you are selling your home. - Minimal Maintenance
Millennials are a busy group and don't want to spend any more time trimming trees, fixing roofs, or dusting shelves than is necessary. The lower the maintenance requirements of the home, the more appealing it is to millennial homebuyers. Similarly, Millennials are highly sensitive to HOA fees and rigid HOA requirements. In this regard, they want minimal financial obligations and plenty of creative flexibility when it comes to their home. - Modern Kitchens & Bathrooms
It is possible that no generation in history has enjoyed cooking at home more than millennials. Millennials want name-brand stainless steel appliances, six-burner ranges, wine coolers, dual ovens, solid wood cabinetry, sustainable stone countertops, and plenty of room to gather and socialize with family and friends. This trend continues in the bathroom where glass shower doors, stone counters, and brushed nickel fixtures are appealing features that millennials will look for when you are selling your home.
Catering to millennial buyers will make your home more attractive to a wider audience and may even speed up the selling process. Talk with your real estate agent about other ways to make your home sale a success.
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