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Rich Kushner, BurkeRealEstateConsultants,IncPhone: (858) 405-5270
Email: [email protected]

Millennials: What Influences Homebuying

by Rich Kushner 12/29/2019

Photo by Tatiana Chekryzhova via Shutterstock

As more millennials leave consumer and student debt behind, they enter the housing market. Being savvy researches in the information age, this demographic has begun to fuel the housing economy. Many purchase homes as singles, with a partner or even a friend or group of friends.

Where is Preferred?

Unlike past generations where singles preferred the city and couples with children headed to the suburbs, millennials like what they like. Whether your home is in the city or the suburbs, you can appeal this group of buyers. Millennials, in general, prefer experiences to expenses. Large open concept rooms with plenty of space for entertaining makes a carefully renovated home the perfect place for a young single, pair or tribe to purchase the perfect gathering place.

What's Bought?

When looking for the perfect home, millennials seek simpler styles that gel with their minimalist mindset. Because they care more about experiences than possessions, they look for living spaces that let them enjoy time with friends and housemates and don’t require too much upkeep.

If you’re considering upgrades or renovations to your home before putting it on the market, consider opening a smaller kitchen into the larger living space. Connect bedrooms to en suite baths for multi-adult households. Beef up the outdoor entertainment area with room for a firepit, speakers for music and a place for lawn games. Millennial buyers like to share their space with friends and family and are very keen on comfort. If you have any questions about how to place your home for sale in an area that you think may be a great spot for this target homebuyer, feel free to reach out.

About the Author
Author

Rich Kushner

I donate 10% of my commission to a charity of the client's choice 

I am committed to helping you with your Real Estate needs and I work with a team of agents locally and nationally - so anywhere you have real estate needs, we can help you, and donate to your favorite cause! Some groups my clients have had me donate to are The Humane Society, Smile Train, Wounded Warriors Freedom Station, Second Chance Dog Rescue and Best Friends, to name a few.

For more than 20 years I have volunteered at the Humane Society, doing PFT program (pet facilitated therapy), where I brought puppies to children's hospitals, and Pets with Santa (picture taking with me as Santa, and people would then make a donation). I have also been active with On The Go, a service where I would drive folks who could no longer drive, to doctor’s appointments, grocery shopping, etc.

When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. My commitment as your local REALTOR® is to provide you with the specialized real estate service you deserve.

In addition to having earned an MBA and a Broker’s License, I have achieved an ABR (Accredited Buyer Representative), SRES (Senior Real Estate Specialist) and CDPE (Certified Distress Property Expert) designations.

I also have been a home inspector on the East Coast, an appraiser apprentice, a property manager and an investor, where I had, at one time, 31 houses and sold all but one! (In Atlanta, Ga.) I now own 25 properties (23 in Atlanta, 2 in San Diego).

When you are an informed buyer or seller, you'll make the best decisions for the most important purchase or sale in your lifetime. That's why my goal is to keep you informed on trends in the marketplace using the latest statistics in your local area. With property values continuing to rise, real estate is a sound investment for now and for the future.

If you are considering buying or selling a home or would just like to have additional information about real estate in your area, please don't hesitate to call or e-mail me.

Please consider my site as your online source for local real estate information, and return often for the latest property listing updates.