As a home seller, here are three tips for catering to millennial home buyers.
1. Make your home move-in ready. Previous generations viewed homeownership as a way to build equity, and many bought homes that needed a lot of work. It was common and respectful to invest your own time and sweat into improving your home. Millennials, on the other hand, have a completely different approach when it comes to this. They want their home to be move-in ready with very few upgrades and repairs needed.
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2. If you live in a larger and more expensive home, don’t worry. You’d be wrong to assume that millennials aren’t your target pool of buyers. When they buy homes, they’re leapfrogging the more traditional, starter-type homes for the more expensive ones. It’s not unusual at all for them to have a budget of $400,000 or $500,000 for their first home.
Millennials want homes that are move-in ready.
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3. Make sure your home has the features they want. I work with a lot of millennial home buyers, and their want lists are all pretty similar. They all find the following features to be desirable and attractive:
- Hardwood floors—the more of them, the better.
- Huge kitchens, preferably with large center islands.
- Neutral color schemes.
