According to the National Association of Realtors, millennials still make up the largest share of home buyers at 38%.
As more millennials pursue homeownership, it is important to design your home the way it will attract multiple offers from this demographic. But how? Most importantly, how much will it cost you?
Here are some of the simple and affordable upgrades, that will attract millennial homebuyers and sell your home quickly.
1. Updating Your Kitchen and Bathroom
The majority of younger buyers most likely won’t have the money or time to redo a kitchen and bathroom. Millennial homebuyers will be looking for an updated kitchen and/or bathroom.
2. Creating an Open Floor Plan
Millennials are attracted to large spaces that can be used to entertain guests or as multi-functional rooms. You may consider tearing down a wall or two to create a more open look.
3. Choosing Low-Maintenance Materials
Millennial homebuyers don’t want to spend their time on significant repairs, home maintenance, or even cleaning their homes. They prefer things that will last and are easy to maintain.
4. Adding Smart Home Technology
Many millennial homebuyers are interested in looking at homes that can manage all their home's internal software from one hub or app.
5. Installing Energy Efficient Appliances
Younger homebuyers want appliances designed to help reduce power consumption, reduce environmental impact, and contribute to a healthier planet.
6. Adding a Home Office
Creating this space allows these millennial homebuyers to have a designated area where they will be able to work from home easily and comfortably.
7. Painting your Home
If you need to freshen up your paint and want to appeal to millennial homebuyers, opt for neutral colors on walls, trim, and baseboards. Colors such as light grey, cream, and other soft neutrals are preferred.
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