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What Do Millennials Want in a Home?

millennialsMillennials are all over the news.

Their home ownership rates are in decline and they’re also waiting way later than the previous generation to become first-time home buyers. But that’s okay! Ignore all the scary headlines about how millennials can’t afford to buy homes and aren’t interested in property ownership. Every home buyer is different – millennial, retiree, family, bachelor – and what you need to focus on as a seller is making your home appealing to every buyer on the market.

So, what are millennials looking for in a home? Nothing you can’t offer!

Interior DesignStylish Surroundings

Millennials are more affected than other generations by dated, worn out homes. They grew up in the age of DIY and HGTV and they’re looking for rooms straight from a magazine! Some aesthetic changes to your home can go a long way to enticing this demographic: switch out brass fixtures for polished silver, get rid of musty furniture, and take down all that wallpaper. Millennials want homes that have charm and character, yes, but they also want a space that feels fresh and new.

Amenities

And no, not a neighborhood gym! This group wants in-home amenities like built-in closet systems, heated flooring, and smart thermostats and they’re willing to sacrifice space to get them. Millennials are big into efficiency and they want to make the most of the space they have. They’d rather see your formal (unused) living room turned into a media room they’ll enjoy every week and they can overlook other flaws if you’ve got a state-of-the-art kitchen.

central locationCentral Location

Okay, so the location of your home isn’t really anything you can change but it is something you and your Realtor can market to your advantage. Why not talk about the walkability of your home to the grocery store, any restaurants, and it’s proximity to the gym? You don’t have to live right in downtown to have a desirable location but you do have to tell millennials what’s nearby to get them to think outside the box. If they can see themselves living the millennial lifestyle with ease in the home they’ll be more likely to buy.

Flexible Spaces

More and more, millennials are using their homes as an extension of the rest of their lives, not just as a refuge from work. They want home offices that can one day convert to a game room and large attic spaces that could eventually be finished as a playspace. They don’t mind spending the money to customize their homes as long as the space they choose gives them options. The less defined the floor plan of a home, the more millennials are willing to make it their own.

partyEntertaining Possibilities

Millennials are really, really into entertaining. They want a home they can show off but also a home that functions as an entertainment space for their friends – from fire pits to open floor plans to pool table rooms. While Generation X before them was more concerned about family friendliness, millennials are more likely to be childless when they first buy and looking for a place to entertain. Show them how they can use your home to throw a great party and they’ll be hooked.

 

Did we miss anything?
Some of our favorite clients ever have been millennials and we just love this group’s endless energy and optimism. Don’t discount and entire generation of folks as “unlikely home buyers” but instead try to meet them where they are! You’ll be glad you did.

Call us today to talk more about marketing your home to millennials.

What’s Up in Real Estate for April 2014?

Did you know the average home price in April is projected to be about $406,000?

That’s a 10.1% increase over this time last year.

That means it’s still a seller’s market, no bones about it. If you’re a seller thinking of listing your home? Now’s the time. This wave won’t last forever. If you’re a buyer, you should know that in this kind of market, what’s online today may not be there tomorrow – that’s why it’s critical to rely on the up-to-the-minute information and data only a license real estate broker can provide.

Watch the video below for Keller Williams’ full rundown of the April 2014 real estate market.

Latest Listings – The Best Homes of 2014 (So Far)

We’re only a week into 2014 and already a slew of amazing new listings have hit the market.

So, what are the best homes on the Charlotte-area market right now? On the Move Charlotte takes a look at five stand-out homes that aren’t going to be available for long…

 

1302 appelgate
1302 Applegate Parkway

Situated on an almost half-acre lot in Waxhaw, this beautiful two-story home has 4BR/2BA and a brand new roof. A serving station between kitchen and dining as well as a flexible bonus room make this amazing home perfect for entertaining.

 

6103 Mcnair
6013 McNair Road

Located in the Woodburn subdivision, this completely remodeled home has been maintained with loving care! Tons of unique touches make this house a must-see and you’re going to love the granite countertops and gas fireplaces.

 

2336 Providence
2336 Providence Road

Does it get any better than this? Five bedrooms, five baths, nearly 0.5 acres and one of the most desirable addresses in Charlotte, this home has it all. Click through for one of the most amazing slideshows you’ll ever see!

 

4712 carberry
4712 Carberry Court

If you’ve been looking for a huge backyard and tons of natural light, this south Charlotte home is for you. Hardwood floors throughout and four large bedrooms just add to the appeal of this perfect family home.

 

4916 vincent

4916 Vincent Lane

Madison Park is one of the fastest-growing neighborhoods in the Queen City and this freshly-painted, spacious gem is a fantastic deal. 3BR/3BA in this area are rare and this home has a fenced in yard, gas fireplace, and a covered porch to boot.

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Want to schedule an appointment to see any of these fabulous homes? 

Contact the On the Move Charlotte team today!