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10 Musthaves To Sell To Millennial Homebuyers
Dated: April 19 2016
The millennial generation is becoming an increasingly important part of the housing market. According to a 2015 National Association of Realtors study that looked at generational housing trends, millennials (or Generation Y), those born between 1980 and 2000, comprise the largest segment of the buyer market, ahead of even Generation X, which covers those born between 1965 and 1979.
Together, these 2 generations represent today's young buyers, and broadly speaking, they tend to fall into 1 of 2 categories, says Margie Gundersheim, a Realtor with Keller Williams in Newton, Massachusetts.
"They're young professionals who prefer a turnkey home that needs little or no work," says Gundersheim. "(Or they're) creative/romantic buyers who want to invest sweat equity and money over time, and put their personal stamp on the property and add value for the future."
But while those 2 groups may seem like they want entirely different things from a home, many agents say that younger buyers of all stripes have a lot of the same "must-have" features on their lists.
1. Updated Kitchen and Baths!
2. Large Kitchen area, and open floor plans.
3. Home Office or separate study area.
4. Good Location, convenient to frequently visited places!
5. Low Maintenance, updated mechanics.
6. Technology, wired or ready for high speed internet/data, good cell phone reception from major carriers.
7. Energy Efficiency.
8. The Cable TV Effect, (HGTV)
9. LOW HOA fees if any.
10. Online photos! There are never too many photos!
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|Featured properties may not be listed by the office/agent presenting this brochure. Information has not been verified, is not guaranteed and is subject to change. The data relating to real estate for sale on this report comes in part from the Internet Data Exchange program of Northern Kentucky MLS.|
At Regional Realty, we are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Wendie Neely is licensed in both Kentucky and Ohio. Her background includes several years as a Real Estate Appraiser placing her in a unique position to help Buyers and Sellers understand property val....