30 Jun What Millennials Want
The word millennial seems to be popping up everywhere these days. Market to millennials, millennials have a different work ethic than previous generations, millennials live at Starbucks. It goes on and on. It makes sense that the millennial talk would carry over to the housing market, as they currently make up the majority of the buyer market, but they won’t settle for any old house. They want it all.
Sweat Equity vs. Turnkey
Millennials are a complicated bunch when it comes to home buying. This group is divided on what makes a perfect home: a turnkey with no work required or a fixer upper that they can customize to their liking.
The turnkey millennials want to move into a beautiful home that they can settle into without having to carve out a hefty renovation budget. The latter, however, are all about sweat equity. They’re excited about the opportunity to build equity in their home through DIY projects and a few renovations. They see a fixer upper as a way to put their stamp on the home.
The Technology Generation
Millennials grew up with computers and phones, so it’s not surprising they want their home to be a technologically-advanced residence. In an “always on” world, having the latest advances in technology is a must. What does this look like?
The Internet of Things (IoT) is making smart homes a reality. Millennial buyers want to control their lights and heat with their phone or be able to look what’s in their fridge on an iPad. Most important, however, is good cell phone service. A survey of single homeowners showed that 28 percent of those participants 25-35 shows that good cell service was a deciding factor.
The Design Element
Millennials are hoping for a streamlined, clean look. This look typically includes open floorplans, clean lines in the kitchen and more natural materials throughout the home. This also means a more casual way of living. No more dining rooms that will never be used, but rather, movie theater rooms and offices.
The other things millennials want in their first home? Natural materials. We can thank Pinterest for this one! Barn doors, shiplap walls and natural wood open shelving are always big on Pinterest, which is where many millennials get their dream home inspiration. Integrating sleek, modern design with natural wood is a must for millennials.
Located for Future Generations
As millennials start families, school districts become increasingly more important for house-hunters in this age bracket. A Realtor.com survey showed that 52 percent of millennials said that a poor school district could be a deal breaker when buying a home. This is 20 percent higher than the national average. Education for future generations is important for millennials and they aren’t willing to concede on this issue, even if the house is perfect in every other way.
Sunrise Builder Homes
Sunrise prides itself on quality homes in desirable neighborhoods, which is why we may appeal to these types of millennials. Our Tapestry Park homes offer the modern kitchens millennials want with spacious floorplans. It is also in a great location for the things millennials care about most: amenities, schools, and a variety of turnkey homes. Come check us out at SunriseBuilders.com!