There are a lot of preconceived notions about Millennial buyers, whether those are all true or not, one this is for sure: they are making up a larger and larger portion of home buyers. According to Realtor.com, Millennials represented 42% of new home loans by early 2019. So how do you attract a Millenial home buyer to your property? Below are our top 3 ways to attract Millennial buyers.
Stage a Home Office
Home offices are a great way to attract any buyer but especially Millennial buyers as more and more Millenials are working from home or have side projects that require desk space. This office space doesn’t need to be an entire room but having a dedicated space staged is a great way to pique interest.
Millennials are known for being very tech-savvy. Draw attention to your listing with smart thermostats, smart doorbells, and other household appliances that can be controlled from an app. Another update you can make to attract the Millennial buyer is updating your plugs to USB plugs.
Outdoor Living Space
While a nice outdoor space is a desirable feature for a variety of buyers, Millennial buyers are especially attracted to low maintenance outdoor space where they can spend time with friends and let their pets roam. According to the Chase Housing Confidence Index, 40% of Millennial homeowners ranked landscaping first on their renovation wish list – even ahead of bathroom and kitchen remodels!