4 Home Features Millennial Buyers Will Pay Extra For
The wave of millennial homebuyers is coming. Numbering around 80 million, they now represent the most active generational group when it comes to home buyers.
Let’s take a look at some of the features millennials are looking for when buying a house.
Energy efficient appliances
Energy efficiency is among the characteristics homebuyers are increasingly looking for in a home. Millennials are particularly concerned about their impact on the environment more than other generations. Many of them are also budget-conscious, so they are looking for ways to reduce their monthly utility bills. Some are even willing to pay 3% more for an energy efficient home.
Not too long ago, buyers find Denver homes with carpet more desirable. After all, it makes their Colorado home a bit warmer during the winter and they feel more comfortable. Today’s homebuyers, however, find homes with hardwood floors ideal. In fact, survey reveals that buyers are willing to pay an additional $2,000 for this feature.
The good news is that wood flooring can last for several decades up to a century with proper care and maintenance.
According to the National Association of Home Builders, exterior lighting is one of the most sought out outdoor features in a home - with about 90% of buyers including this on their list of must have features.
Illuminating a well-manicured lawn will significantly increase your property’s curb appeal; hence, making a good impression on potential buyers. It’s also an easy and inexpensive way of adding security to your home.
Safety and security is one of the most important features buyers look into when shopping for a Denver, Colorado home. Naturally, they want to make sure that the neighborhood they’re moving into is safe. In addition, they also want to keep their Colorado home, family and belongings protected.
A house with a security system will give them the peace of mind, knowing that they are safe from intruders and burglars.