When it comes to selling your home, the dynamics have changed. Long gone are the days when you had to upgrade your home with the fanciest items in order to attract a higher asking price and guaranteed buyers. Millennials are taking the housing market by storm and their buying preferences are vastly different from that of previous generations. Fortunately, identifying exactly what millennials want out of a home can help you sell yours far more quickly.
Open Up Your Floor Space
If you wish to sell your home, you're going to have to provide an open floor plan that creates dual-purpose functionality and embraces socialization. Millennials are a highly social generation of people. They flock together in groups with their friends and peers whether they are out and about or at home. Because of their desire to socialize, it is important to have a floor plan that welcome socialization from room-to-room.
The more open your floor plan, the more likely you are to sell your home. An open floor plan allows millennials to envision their friends and family coming over for social gatherings, dinners, game nights, and whatever else it is that millennials like to do. If a millennial mom is caught in the kitchen cooking dinner, she wants to be able to look out at her family and friends to keep the conversation going rather than feeling like she is separated from the group.
Make it Maintenance Free
Millennials desire a proper work-life balance, but with many of them working longer hours over the past few years, that isn't always possible. One way to ensure that millennial home buyers will find interest in your home is to make it as maintenance free as possible. If your home requires a lot of maintenance, you are essentially taking away from the work-life balance that millennials demand.
In other words, do not skimp on the materials you use to upgrade your home. Forget fancy finished hardwood floors. Hardwood flooring requires waxing, polishing, and regular maintenance. Instead, opt for high-quality faux wood floors. You should also consider a siding material that is built to last without all of the fuss, such as a vinyl siding. Metal roofing is another viable option since metal roofs require very little maintenance and are built to last.
Invest in Smart Features
Millennials are a very tech-savvy generation. Just about every millennial you see has a smart phone of some kind or another. For that reason, they often use technology to make their lives easier whether they are out and about or at home. Fortunately, you can make your home more appealing to millennial home buyers simply by adding smart, tech-savvy features to your home.
Do not overlook the importance of a programmable thermostat. A programmable thermostat may not seem worthy of tech-savvy status, but in the mind of a millennial, it can make a big difference in their purchase decision. Programmable thermostats allow millennials to set and forget their temperature preferences while also saving them money in the long run.
The best way to determine if your home is up to par for the up and coming generation of home buyers is to work closely with a real estate agent. A real estate agent can conduct a walk-through of your home to determine what features are missing and what features you currently have that will attract millennial home buyers and a fair asking price. Talk with your real estate agent to learn more tips about selling your home.