Jeffrey Harrington's Blog
Millennials are often a topic of discussion in everything from jobs to cars to real estate. They are the generation who is changing the way we think about so many things. So, when it comes to selling your home to younger buyers, there’s certain things you may want to consider to raise the appeal of your home. Here’s what Millennials are looking for and what you can do to entice them in the home buying process: Young People Want Something Move-In Ready Millennials are young professionals who don’t want to make the time for home improvement projects. These buyers are typically looking for something that’s known as “turnkey” or move-in ready. Other groups of Millennials are more creative and see a vision in the home they buy, investing in the right property over time. What Sellers Can Do: The biggest thing you as a seller can do is be sure that the home displays all of its potential in each area. Even if your home isn’t move-in ready be sure that potential buyers understand what needs improving. Updated Kitchens And Baths Are A Must... Maybe Most home buyers desire a home with brand new kitchen and bath fixtures. Younger buyers have limited budgets and updates to both the kitchen and the bathroom are among the most expensive renovations to complete. On the seller’s side of things, however, these updates may not be within the budget either. It may not add enough value to the home in order to make updates worth it. Also, even with updates, the style of a kitchen or bathroom may not gel with the desired style of the buyer. What Sellers Can Do: Update the big things in the kitchen and bathroom where needed. The purple tile in the bathroom may appear ugly to you, but a buyer could find some great potential in it. Just be sure the kitchen and bath appear clean and have the basics such as storage areas in them. Big Open Kitchen The younger crowd likes bigger kitchens for entertaining and cooking elaborate meals. Millennials also like a lot of storage to keep things organized, simple and neat. They are the generation known to be “minimalists,” and their preferred style holds true to this. What Sellers Can Do: Sellers should at the minimum be sure that there is adequate storage available in the kitchen. When staging the home, take any unnecessary furniture pieces out, so that they don’t deter from the size the kitchen appears. Staging Your Home Overall, one of the most important things that sellers can do to appeal to young buyers is to stage the home well. While it’s often up to the buyer to create their own vision, having the home staged helps to ignite the creativity in the mind of the buyer. By using some of the above tips, you can help to make your home appeal to a younger demographic who are looking for very specific things in a home. Even if you don’t think your home can meet these expectations, you’ll be surprised what a little creativity can do!