Reply to What millennial and gen z buyers love?

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[quote=Anonymous][quote=Anonymous][b]I think our generation is like any generation—wanting a clean safe home, and what distinguishes us is that home prices are much higher relative to income these days (to put all those “they want something for nothing” comments in context).[/b]

I will say that these are things I (an elder millennial who has bought a house twice) prioritized:

- walkable/bikeable/ transitable (??) location! We are probably more likely to want to commute without a car, so if you have that option in your house, highlight it!

- we have kids now, so we wanted a yard for the kids to play in. We didnt care about fancy landscaping because we planned to put in a play structure this time around. 10 years ago we were looking for more entertaining space, so if your house is more marketed to the pre- (or no) kids crew, show off the deck vibes!

- we didn’t want a rental, we wanted space for kids to play

- we personally didn’t care about the house’s finishes too much, because we prefer to get a deal on a house and renovate it to our taste, rather than pay through the nose for someone else’s bland upgrades. But we may be in the minority there. Again it may depend on whether your house is marketed to first time buyers, who are more likely intimidated by needing to do a lot of work.

- schools. Obviously there’s isn’t much you can do to spiff those up though.

- environmentally conscious decisions. I think our generation may be more motivated by this than previous ones. But we liked where the house was already updated with green appliances (or was priced where we could make those updates), where the landscaping is relatively green, where they have (working) solar panels, rainwater collection, and/or compost options, or the neighborhood is not car-dependent.

But really, in this tight market, don’t sweat it, do less to your house. Unless you have an assignable interest rate—that would be clutch![/quote]

If you walk into a $1.3M home and get upset because it doesn't have the same features as a $1.8M+ home, then yes you want something for nothing. This happened a lot with the 20-30 somethings. They were whining about stuff like tile, sink countertops, etc. They need to look only at the $1.8M+ homes if they can't live without their preferred finishes. The older buyers who submitted competing bids liked that the home was in a prime location, large, well-maintained, good design with lots of storage (even if the reno was 10 years ago so 10 year old finishes).

We sold 5 years ago, so now anything those younger buyers bought is about to go out of style anyway.[/quote]

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