More and more millennials are entering the housing market each year. By 2018 it is estimated that 72% of their generation will be looking to purchase a home. According to one survey by Trulia, they will be looking for houses between 2,000 a 2,600 square feet. If you are looking to sell your house within the next few years and your house fits in this range you are in luck.
However, regardless of your home’s size, keep in mind that when you are ready to sell your house Millennials are also looking for the following 5 features:
Millennials love social gatherings and want a good place to entertain guests outside. Adding a deck or enlarging your current one is a great option to help them conclude that your house is the one for them. This generation wants to spend more time enjoying their home and less time working on it, so choosing composite decking materials over traditional wood will go a long way.
While Millennials want their kitchen to be functional, they also want it to be a gourmet kitchen. Kitchens are one of the smartest places to invest money into before listing your house because they usually provide a great return. Consider upgrading your kitchen to include the popular features like a subway tile backsplash, stone countertops, large pantry and double ovens.
Open floor plans appeal to Millennials much more than having many separate and closed off rooms. Open floor plans allow more light in and create spaces that are better for social gatherings. This generation wants to be cooking in their gourmet kitchen while enjoying a conversation with those in the living room. If your kitchen is closed off from the house, look into the expense and feasibility of removing full or partial walls to open it up. At the very least, creating large pass through windows into the living/dining space help to open up the rooms.
This is a generation that wants it all and if you can provide a balcony with a great view, your property is sure to jump up to the top of their list. While a view is something that you cannot create if it isn’t there, you can invest some time and money into turning your balcony into a nicer space. Consider adding new furniture along with plants and flowers to transform you old balcony. Be careful not to overcrowd it with furniture, which makes it feel smaller.
Millennials are living in a time of “clean eating” and organic food. While these are extremely popular trends they are also expensive. Due to this many Millennials would like to find property that has fruit trees and a garden. Even if you aren’t interested in growing your own vegetables, investing some time to create the garden puts the idea in their heads and helps them see how your property will work for them.
Due to the large amount of Millennials that will be entering the housing market, if you are looking to sell your house it’s important to understand what they are looking for. You might not be able to provide all of the features that are included on this list, but each one you can do adds value to the seller (which is what makes them choose your house over another). Make sure that you play up any of these features when you have a showing or open house taking place in your home. A little work will go a long way to getting you the offer you desire.