Though student loans and rising living costs have plagued this generation, many millennials are starting to enter the real estate industry, eager to find their first home. Whether you’re trying to attract a millennial buyer to your listing, or your just trying to fully understand the needs of your younger clients, check out our list of what this generation is looking for in real estate:
Young buyers are all about walkability and minimizing commutes. This doesn’t limit them to city limits, however, as more town centers like Tysons Corner develop into mini metros where everything is still footsteps away. Access to public transit is also a big seller, as this expands what is considered “nearby.”
With many homes in the DC area on the older side, young buyers are looking for luxe updates, such as upscale flooring, cabinets, and lighting. While millennials can’t afford too much luxury at this point, a touch of class at home is greatly appreciated.
Along with luxe updates, many millennials are looking for upgrades that help reduce their carbon footprint. This includes solar panels, high efficiency appliances, and optimal insulation.
Millennials love tech that simplifies life, so any smart home features are big sellers. Smart thermostats, doorbells, and entertainment setups are at the top of the list.