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5 things millennials want in a new home

5 things millennials want in a new home

Author: Pranil Maharaj
Date: 2017-11-23

Now that a significant percentage of millennials are searching for their first home, this particular generation's needs and preferences are quickly becoming the driving force in the real estate industry. Millennials have been the largest group of home buyers for the past four years.

It is important, then, to understand what millennial home buyers search for and prefer in their first home. Here are five important aspects that millennials look for in a new home:

  1. Homes that are 'ready to go'
  2. Open layouts and multi-functional interiors
  3. Energy efficiency and green living
  4. Technologically-equipped homes
  5. City versus suburbs

Finally

Millennials represent a growing force in the home-buying market, making up over a third of potential home buyers active in the market today. Therefore, it is crucial for realtors to understand their preferences and necessities in order to better appeal to the new generation of future homeowners.