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What Do Millennials Want in a Home?

Who is the typical Millennial and what do they want in a home? First, they were born somewhere between 1982 and 2004 (approx.). They are the largest generation after Baby Boomers. Millennials prefer to spend their money on experiences rather than material things. Many live in the central city areas and rent an apartment or condo; most are health-conscious, eco-friendly and love Uber, Zipcar and Airbnb. Although they might have delayed marriage and children, more than 50% of Millennials want to buy a home someday. And when they do decide to buy, they want to get out of the city and buy a larger house in a suburban neighborhood. According to the latest NAHB tracking survey, they want at least a 2300 square foot, turnkey home, with 4 bedrooms, a master bedroom/bath, hardwoods, a deck or patio and a front porch. They want to be near parks and amenities that make life enjoyable. Are you a Millennial looking for a home to buy? Contact us and we can help you find your dream home!

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