If you want to attract millennial buyers, there are various factors you should consider. We’ll be going through them all. Millennials were born in the early early1980s and early 2000s. They currently make up the largest population of homebuyers in the real estate market.
It is no longer a secret that young buyers are steadily moving into the housing market. While they were initially known for living on renting. Now, they see homeownership as a very good investment.
Millennials are technology-driven and can execute as many jobs at a time. They have great ideas in mind for their dream home. They have high expectations of what they want and are not afraid to ask questions.
Now, to attract millennial buyers, you have to be technologically orientated and advanced. If you are into real estate, it is high time you pay close attention to the millennial market. They are grounded to make up homebuyers in the nearest future.
They have distinctive tastes and are very careful about how much debt they take on. This means as real estate experts, your selling approach to millennials will be different compared to other generations.
Even other generations are in search of the latest trends and options than their generation once did.
The different kinds of homes that millennials and other generations are looking out for such as ; Green homes, Family-friendly homes, Tiny Homes, and Investment properties.
If you are selling your home while having millennials in mind, here are ways to make it more attractive.
KEEP IT MODERN BY INVESTING IN TECHNOLOGY
Get in contact with technology providers that can provide what millennials want. Social media reaches the targeted consumers today. Consumers love to purchase conveniently at a click of a button
Millennial buyers are looking for homes controlled. Technology is not just comfort but a need. Their interest in technologically smart homes has grown excessively. Therefore one way to attract buyers is to own technologically advanced homes.
Consumers will likely be loyal to brands that stay very transparent. The millennials are continuing the trend and will pay more for a more transparent product.
COMFORTABILITY AND ADD A LEVEL OF FUNCTIONALITY
Millennials crave bright and airy spaces. Even though the space is not big, they are on the lookout for an open concept layout.
Asides looking for typical bedroom, living room, and bathroom space; these days they are on the lookout for bathrooms that serve as a Spa and living rooms that can serve as record studios and media rooms.
By adding flex spaces, there will be a great feature that will attract millennial buyers.
Knowing fully well that the millennials are the internet generation, if they have questions and want to compare rates, instead of calling you, they go in search of the answer on the internet. What captures that attention is good content.
As an experienced agent, answer these questions through blogs, articles, and videos, create flexible articles that attract millennial buyers and will help generate more interest in your property, therefore bringing more offers.
Millennials do not have time to spend on maintaining the property due to busy schedules and their traveling desires. They prefer spending their free time hanging out with friends and families rather than raking yards and cleaning gutters; therefore, a home that has little or no maintenance will attract millennials, buyers.
SELL THE NEIGHBORHOOD
Millennial buyers are mostly attracted to a particular neighborhood rather than a specific property because popular individuals reside there or close to the church, mosque, school, or close to the bus station since this generation wants to live a stress-free lifestyle.