The John Barrett Real Estate Team

Posted by The John Barrett Real Estate Team on 4/23/2017

Employers arenít the only ones who are discovering more and more how important community is to Millennials. This includes giving back to communities and improving the lives of children and adults through charitable donations, education, training and time. Businesses that do this can attract and retain Millennials. But, itís not just employers who this matters for. Real estate agents can shorten the time it takes to find the right houses for Millennials if they learn what really matters to this generation.

What Millennials want in a house

So, what are some of the top home and neighborhood attractors for Millennials? Although some Millennials go for a fixer-upper, many Millennials want a house that is turnkey ready. They want upgraded amenities.

Cool, decorative kitchen and bathroom back splashes, modern fixtures and room-to-room navigation ease are important when selling a house to Millennials. Save time when showing houses by asking these home shoppers what their favorite colors are before you start researching for houses and traveling to a neighborhood.

Real estate agents could lose points with Millennials if they start showing them houses that are designed with bold colors. Trying to explain that a house can be repainted after the house is sold may not work. It could be seen as an additional price cost, an expense that may appear to cost much more than several cans of paint actually are tagged for. Other features that attract Millennials who are in the search for a house include:

  • Large, open kitchen floor plans (again, make sure that kitchen fixtures and amenities are modern)
  • Space to work from home (an extra bedroom that could easily be turned into a home office is a plus)
  • Low utility bills and low maintenance (although a real estate agent canít control utility costs, realtors can zone in on houses that are located in neighborhoods that generally enjoy lower utility rates)
  • Environmentally friendly (houses built with solar panels and large windows that attract lots of sunlight) appeal to Millennials)
  • Manageable traffic (No one has to drive through bumper to bumper traffic just because they are trying to get to work. Itís not a necessity. Millennials know this. They want a house thatís located in an area where it doesnít take an hour to drive 10 miles.)
  • Community offerings (Shopping, dining and entertainment options should be strong in communities that you take Millennials to while showing them houses for sale.)
  • Local support (Businesses giving back to communities is important. Evidence that businesses support the communities that they are located in range from beautiful public landscaping, clean streets,well maintained public facilities like pools, parks and historic sites.)
  • Walkability (Not only should traffic be manageable, the neighborhood that a house is located in should having restaurants, public transportation, shops and entertainment sites within walking distance.)
  • Housing costs (Overall costs of houses should be reasonable. Millennials have student loans to pay off. They also tend to be working entry level jobs and may not have a lot of disposable income.) 

When attracting Millennials to a home, almost as important as the actual house itself is the neighborhood that a house is located in. Neighborhoods that have high walkability scores, low crime and strong community support services are real wins. Although some Millennials will relocate to neighborhoods that are in development or coming back after a decline, rampant homelessness, boarded houses, vacant buildings and other signs of lack of attention and care from businesses and government agencies are turn offs.

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