10 Jul Millennials Are Not Buying This House
Millennials Are Not Buying This House
Millennials are getting ready to buy their first home while Baby boomers are looking to downsize. The problem leading to the big real estate divide according to Business Insider is that millennials aren’t interested in buying the large, five or six-bedroom McMansion their predecessors built 15 years ago when ornate crown molding, damask wallpaper, and sleigh beds. Millennials are interested in homes with a clean, simple and efficient design.
Today, both Baby Boomers and Millennials alike are looking for smaller, modern homes and prefer walkable areas as opposed to living miles away from retail. Buyers are looking for clean lines and open-concept floor plans. Less is more is the new real estate approach. Millennials are more averse to gut renovations and avoid outdated interiors, plumbing, and electrical problems.
If you are preparing to sell your home; here are a few improvements to consider to get the most money for your home.