Here is another infographic you can use for a social media or blog post targeting potential contacts! This focuses on what millennials want! Feel free to share this image wherever you like. It can be downloaded right below the image!
Agents need to be aware of what millennials want because millennials are beginning to take up a lot of the real estate market! Millennials are ages 18-37 currently and over 82% of them are prioritizing buying a house. This group makes up over 35% of the homebuyer market, so, it's important to ensure agents know what they want.
Millennials want green features in their home. No, not the color! Good for the planet, green. Some examples of highly sought after features are solar and energy-efficient appliances. These buyers also need high speed wifi across their home. A lot of young people work from home right now and all of them use their phones at home so strong internet is a must.
Young people also have an affinity for public transportation - especially in urban areas. So, look for homes that are close to train stations, etc.
As far as aesthetics go, open concepts, minimal color, and new appliances and features are highly sought after. White and black are always in high demand.Be sure to use social media to highlight a property's instagram worthy features - this will help draw in buyers!
Some concerns for this particular group are affordability, maintainability of a property, and long wait times to purchase and/or move in.
Agents can solve millennial real estate issues by being well versed in what they want and what their concerns are!
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