You know that rumor you have heard about millennials NOT buying homes? Yeah… it really was just a rumor. In reality, millennials have represented 42% of all new home loans in Q1 of 2019. If you are a homeowner over the age of 50 and you are thinking of selling your home, it is in your best interests to consider what your largest target market may be looking for!
On that note, we’d like to thank our friends at Realtor.com for an insightful article on ‘10 Home Upgrades That Attract Millennial Buyers’. If you want to stand out from the competition and help the home you bought 10, 15 or 20 years ago appeal to the buyers of today, consider these home improvements:
#1: A Home Office Space: 13+ million Americans work from home – and the remote work trend is on the rise for all age groups, but most of all millennials.
#2: USB Outlets: Smart phones are now (good, bad or indifferent!) a way of life and USB outlets in bedrooms, living rooms and kitchens are just THE thing to catch a millennial buyer’s eye.
#3: Game Rooms & Gathering Spaces: The family room of the 50’s is the game room of today. When staging a home for sale, converting the family room to a game room/sports viewing space where millennials can envision Fridays with friends is bound to be a win!
#4: Eco-Friendly Features: Studies show that millennials are drawn to energy efficient appliances, non-toxic paint and other eco-friendly materials. Thus, if you are considering upgrades… consider Mother Earth too!
#5: Neutral Colors: Accent walls are out and neutrals are IN. Experts report that millennials favor neutral palettes – especially soft grays.
As you can see, a few small changes to your home and style can make a really big difference to the buyers of today! If you are going to take a few steps to maximize your ROI, why not ensure they are headed in the right direction?
For the complete list of all 10 millennial-friendly upgrades, read the complete article HERE!
All my best,
Bobbi Decker, SRES®, CIPS®
Broker Associate, Today Sotheby’s International Realty
Bobbi Decker & Associates
Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/