The Millennial generation (those born between 1980 and 2000) is currently the second largest segment of homebuyers behind Generation X. As this group is only expected to grow, it is important to understand the different wants and expectations of younger buyers.
Here are 6 home “must-haves” of homebuyers under 35:
1. Updated kitchen and bath. The majority of Millennials are looking for updated kitchen and bathrooms because they simply cannot afford remodeling. “Most of their savings will go toward the down payment and furnishings,” explains Jack Curtis, a real estate professional in Dublin, Ohio.
2. Big kitchen, open floorplan. The kitchen is the center of the home and seen as a hang out place for many young buyers. In addition, Curtis says that “today’s young buyers are also more attracted to an open floor plan, rather than a layout that compartmentalizes the home”.
3. Home office. Due to advances in…
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