5 THINGS MILLENNIALS LOOK FOR IN A HOUSE

We are talking all about the upcoming millennial buyers and what they're looking for in a home. So if you're thinking about selling your home and you wanna appeal to one of these buyers, which you should because there's going to be a lot of them, here are the five features that millennial buyers are looking for in a new home. 

1. Millennial buyers want their homes to be social media ready. Now, I don't mean social media ready that they wanna be on social media and they want to have good Wi-Fi, which is maybe what you were thinking and I thought so too, but it actually means that they want it to be attractive enough for social media. They want their place to look cool because most people are gonna be posting photos of their Insta-worthy digs and 47% say that they use social media to decide on what changes to make to their home and asking their friends and people out there what tips they might have for upgrading. So it's gotta be social media ready.
2.  Urban amenities and quick commuting options. So contrary to popular belief, millennials actually are not killing the suburbs. They're just demanding more from them. So neighborhoods that offer reputable schools, access to public transit, daily conveniences like Starbucks on the corner, those are all super important to the 25 to 39 year olds.
3.  They require homes that are pet friendly. Millennials love their fur babies. So a whopping 77% of recent millennial buyers own at least one pet, if not two, and it actually does shape their shopping preferences. They need a fenced small yard or patio, and proximity to dog parks. Central vacuum systems are great for picking up the hair. I have fur babies, so I know I love my central vac. And so this could win over a pet lover buyer. 
4. Entertaining.  We haven't been doing much of that lately but let me tell you, they frequently entertain and we need a space for entertaining. HGTV "House Hunters," which, by the way, millennials love that show and so do I, seems to have done a poll that 89% of millennial buyers say that they plan to entertain or host a holiday gathering in their new homes, beating out the Gen Xs and the baby boomers. The word out is that with their youthful optimism, they're gonna be hosting Thanksgiving dinner for sure in their new place, and you'll see it on social media.
5. Luxurious Features and if they have a bigger budget, because we know that in the Greater Vancouver area, you have to have a pretty big budget to get into the market, but their dream home not only includes a state-of-the-art kitchen but maybe an outdoor pool in the complex or even an indoor pool or a hot tub and his-and-hers bathrooms, or at least sinks. If you can't get a separate bathroom altogether then at least you can get a sink. The difference between millennials wanting a his-or-her bathroom and the Gen X crowd who wanted the media room and the baby boomers who want the three-car garage, millennial buyers, all they want are two sinks. I don't know if that's a toothpaste thing or what that is but it's definitely important. So if you don't have two sinks in your bathroom or two bathrooms for them, maybe you can find a way to alter it. So hopefully you found these tips helpful. Obviously you can't change the location of your place but you can definitely make some modifications to appeal to the millennial buyer and I hope that you found this Tuesday tip to be helpful. If you want an idea of what your property valued at, please reach out to us. You can call me any time at 604-862-7619 or email us at natasha@vancityhometeam.com. And if you just want to say hi, please do that too.