Top Qualities for Attracting Young Home Buyers

If you're looking to sell your home, then you probably want to appeal to Generation Y. Gen Y, also called millennials, are those born between 1980 and 2000, and they now represent the second largest (and still growing) home buyer segment behind only Generation X. While their parents may have wanted a compartmentalized, suburban home with cable, millennials have different qualities in mind when shopping for a house, according to a new article by Bankrate.com. 

For one, younger home buyers are attracted to homes that possess an open floor plan. Ideally, kitchens, living rooms, and dining rooms should flow together into one cohesive space. Another important consideration for millennials is the office. As the number of Americans who work from home, already at 13 million, continues to increase, so too does the desirability of a home office.

Perhaps most uniquely to the modern word, young home buyers are no longer concerned with cable or landline phone access. Indeed, these two hookups will oftentimes remain empty even when available. Instead, millennials are looking for a house with good internet service provider options and strong cell phone service throughout the building. As a result, sellers and agents should be ready to answer any questions regarding internet availability, pricing, and quality.

Other attractive qualities, such as updated kitchens/bathrooms and good location, fall more in line with traditional thinking. However, there is one very important aspect that is often overlooked: the power of online photos. In fact, the latest data from the National Association of Realtors shows that the internet is now the most-used resource for finding a home, with 88% of people citing it as a key factor. When searching online for a house, the posted photos represent the first impression for those home buyers. In 2013, 62% of home buyers walked through a home after viewing the listing online. If the photos are dim, out of focus, or unhelpful, then the buyers are likely to never visit the house in person. 

As the number of millennial home buyers continues to rise, these considerations will become ever more important to anyone attempting to sell their home. Taking the time to arrange professional photographs or look into available internet plans could represent the difference between success and failure.

Source: Must-haves to sell to young homebuyers