12 Essential Features that Millennials Want in a Home

Millennials are considered by many industries, including real estate, as their largest market for growth. But who are these so called millennials? Generally speaking, millennials are those born between 1980 to 1993, though some would include those born until 2000. So if you’re in your early thirties or younger, you’re part of this generation.

Real estate professionals have worried over millennial homebuyers for the past years. They want millennials to buy their own homes sooner than later. It’s obvious that millennials are in no rush but they have to face the reality that they can’t be freeloaders in their parents’ houses forever. Real estate pros should take this as a positive note and help them find the house or condominium of their preference.

Here are 12 essential features millennials want in a home:

1. Modern kitchen and bath

Aside from something to brag to your neighbors, an updated kitchen and bath means less money needed for repairs.

2. Spacious kitchen

No need to section off the family when they come over for occasions. Big kitchens have become the norm as the new family hangout room.

3. Easily convertible rooms

Work from home is the continuing trend and having a room that can quickly be turned into a personal office space is added convenience.

4. Good location

Proximity to workplaces, leisure hubs, parks and public transportation is a must for younger homebuyers.

5. Low upkeep features

Young homeowners prefer to replace rather than repair. Hardwood or tile floors, pitched roofs and granite countertops are great because aside from providing an attractive appeal, it doesn’t need much maintenance.

6. Technology

Millennials give importance to technology capabilities in a home more than ever. They want a home that is connected, one where they can use their iPad to turn the heat up and down, monitor security or set the tv.

7. The green factor

Green homes have a great advantage of reducing both energy and water consumption which results to lesser bills to pay.

8. Multifunctional and captivating interiors

Millennials prefer a room that is sophisticated but fun. It’s important that the house has fewer partitions and walls since this generation likes to socialize and live casually.

9. Less outdoor space

A small balcony or terrace will do nicely with gravel since having a large space to maintain is not of interest to millennials. They’re even willing to share a community garden or green roof space.

10. Low Home Owners Association dues

Millennials want to maximize their monthly housing budget by finding a property with low monthly assessments. The possibility of a hefty assessment or high homeowners association dues are certified deterrents.

11. Laundry room

Having an entire room dedicated to laundry is actually a very practical idea since it’s one of the busiest places in any home. Aside from the washing machine and the dryer, there should be enough space for ironing chores.

12. Right value

Millennials are very intelligent when it comes to spending their hard earned money.  They know trends keep changing that’s why they won’t spend a single cent on a home just on gut feel.

Millennials also believe in buying and living in a dream home. For them, the decision of buying a home must be on their own terms – not because of outside influences. After all the purchase of a home mirrors living in the present and enjoyment of life.

Did we miss any feature that millennials would love in a home? Feel free to share it with us in the comment section.

Looking for a new home? Contact us now and we’ll help you find the perfect one.