We are pleased to have won the American Painting contractor magazine “Top Job” award for the first year!
Millennials are currently the largest group of homebuyers in the U.S. and will continue to revolutionize the housing market for years to come. As more millennials pursue homeownership, it is important to revitalize your home in order to attract multiple offers from this surging demographic. Luckily, there are plenty of affordable upgrades and simple ways to spruce up your home to appeal to millennial homebuyers and sell your home quickly.
1. Updating Your Kitchen and Bathroom
The majority of younger buyers looking to see if they can afford to purchase their first home. They most likely won’t have the money or time to redo a kitchen and bathroom. Millennial homebuyers will be looking for an updated kitchen. A kitchen that includes new countertops, fresh cabinets, and hardwood floors. Updating your cabinets and countertops is a great way to spruce up your kitchen, or even give it a whole new look. Additionally, hardwood floors are becoming increasing popular among homebuyers and can improve the look of your kitchen dramatically. Younger buyers are also looking for a bathroom with new tiling and modern fixtures. By hiring a team of professionals, and putting some money toward a kitchen and bathroom remodel, you can attract more millennial homebuyers to your property. Not only that, but you’ll probably recoup a lot of your costs in the selling price of your home.
2. Creating an Open Floor Plan
Millennials are attracted to large, open spaces. Larger spaces that can be used to entertain guests or as multi-functional rooms are favorable with millennials. Essentially, they don’t want to feel like their family or friends have to be sectioned off in different parts of the home. If you are already planning on remodeling your kitchen, you may consider tearing down a wall or two to create a more open look.
3. Choosing Low-Maintenance Materials
Millennial homebuyers are interested in low-maintenance homes. They are not looking for a fixer-upper the way Gen Zers and other past generations were. Millennial homebuyers don’t want to spend their time on significant repairs, home-maintenance or even cleaning their homes. They prefer things that will last and are easy to maintain. Consider choosing low maintenance materials. These materials include quartz countertops, full-sheet materials like back painted glass, and quartz backsplashes to eliminate grout lines for easy cleaning. As well as installing vinyl, sealed concrete or hardwood floors in your kitchen and bathroom to provide the new homeowners with durable, easy to clean surfaces.
4. Adding Smart Home Technology
Adding technology to the home will excite millennial buyers into purchasing your home. Many millennial homebuyers are interested in looking at homes that can manage all their home devices from one place. A smart home ecosystem has many benefits. Including, remote control functions, increased home security, and increased energy efficiency. These functions will allow homeowners to conveniently control their home from anywhere as well as reduce their energy bills.
5. Installing Energy Efficient Appliances
Millennials care about the environment and will even pay extra to protect it. Younger homebuyers want appliances designed to help reduce power consumption, reduce environmental impact, and contribute to a healthier planet. 75 percent of millennial homebuyers want energy Star-rated appliances in their homes. They also want these appliances to save them money and have the latest features and technology to make everyday tasks easier.
6. Adding a Home Office
Creating a space that can double as a home office is intriguing to many millennial homebuyers. Many do commute to work, especially if you work in a big city like New York. But there is also an increasing number of millennials working from home at least a couple days a week. Creating this space allows these millennial homebuyers to have a designated area where they will be able to work from home easily and comfortably.
7. Painting your Home
If you need to freshen up your paint, and want to appeal to millennial homebuyers, opt for neutral colors on walls, trim, and baseboards. Colors such as light grey, cream, and other soft neutrals are preferred. If you have children and their rooms are all shades of bright green, blue, and pink consider painting those to match the rest of your home. Having this neutral base will make your home easy to stage and design. It also will bring a more simple, sophisticated look that millennial homebuyers find alluring.
8. Purchasing a Home Warranty
You may also want to consider purchasing a home warranty for your buyer. Many home warranty companies offer “listing coverage” that you can easily turn into a year-long plan for a homebuyer to repair or replace worn down systems and appliances. Many millennial homebuyers find it enticing to have a company do the groundwork of calling a contractor and scheduling repairs for them.
9. Highlighting Proximity and Walkability to Market Your Home
A “walkable community” means a home is near public transportation, grocery stores, restaurants, local businesses, and public services. Homes receive a Walk Score based on how many errands can be accomplished on foot. Millennial homebuyers are very interested in homes that have a great location. 56 percent of millennials and 46 percent of baby boomers prefer walkable communities with a range of housing amidst local businesses and public services. If your home is considered walkable, you’ll want to market it that way. By doing so you will attract more buyer interest, and you’ll potentially be able to price your home higher.
As time moves forward, millennials are beginning to make up a bigger population of homebuyers than ever before. As the playing field of buyers changes, it isn’t a bad idea to update your home to cater to the larger homebuying demographic. Following these tips can help provide you with more bids from potential buyers, and possibly sell your home quickly and for more money.
Lexi is part of the Redfin content marketing team and enjoys writing about real estate and design trends. Her dream home would be a contemporary home with an open floor plan, lots of windows, and a waterfront view.
Original Article: https://www.redfin.com/blog/ways-to-attract-millennial-homebuyers
The Best Of Houzz badge is awarded annually, in three categories: Design, Customer Service and Photography. Design awards honor professionals whose work was the most popular among the Houzz community. Customer Service honors are based on several factors, including a pro’s overall rating on Houzz and client reviews submitted in 2019. Architecture and interior design photographers whose images were most popular are recognized with the Photography award.
A “Best Of Houzz 2020” badge will appear on winners’ profiles as a sign of their commitment to excellence. These badges help homeowners identify popular and top-rated home professionals in every metro area on Houzz.
“This year’s Best Of Houzz awards go to an incredibly talented and service-oriented group of home remodeling and design professionals, and we’re proud to highlight the winners on the Houzz website and app,” said Liza Hausman, vice president of Industry Marketing for Houzz. “This award is particularly meaningful as it reflects the sentiment of the millions of homeowners in the Houzz community who are hiring home professionals for their projects across the U.S. and around the world.”
Houzz is the leading platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish – online or from a mobile device. From decorating a small room to building a custom home and everything in between, Houzz connects millions of homeowners, home design enthusiasts and home improvement professionals across the country and around the world. With the largest residential design database in the world and a vibrant community empowered by technology, Houzz is the easiest way for people to find inspiration, get advice, buy products and hire the professionals they need to help turn their ideas into reality. Headquartered in Palo Alto, Calif., Houzz also has international offices in London, Berlin, Sydney, Moscow, Tel Aviv and Tokyo. Houzz is a registered trademark of Houzz Inc. worldwide. For more information, visit houzz.com.
When you prepare your home for sale, you focus on curb appeal for a very good reason. Failing to make your home look great because of an old paint job could make buyers turn away from the property without out ever stepping foot inside. Here are four ways that your old paint job could damage your home selling goals.
1. Makes Home Appear Older
Unless you live in an area that was completely built up in the 1950s and has stayed more or less the same way, you have to compete with new construction. There is a reason that the government and professional organizations separate home sales by new and existing homes. Older homes have a harder time preserving value against a new home with entirely new systems and landscaping. One of the ways you can fight for your home’s priority of place is to keep it as updated as possible. An old, faded exterior paint job ages your home prematurely, and a fresh paint job may make it seem newer to the untrained eye.
2. Provides Inadequate Protection for Exterior
You put paint on your home for more than just a change of color or to make it look better. Some kinds of siding for your home need paint to keep them in good condition. Paint, as thin as it is, can protect your home from the worst of the weather. Heavy winds, rain, snow, ice and even the heat of the summer sun can weather your home’s siding or cause it to rot right off your home. Replacing your siding is a much more expensive endeavor than repainting, so a new paint job might actually save you a fair bit of money in the long run.
3. Turns Home Into Obvious Eyesore
You know the home on a nearby street that never gets maintained? It’s the one that often has a notice from the homeowners association on the front door, with a dead or dying lawn and overgrown trees. Now that you know what lousy curb appeal looks like, you understand why buyers do not want to get involved with such a property. Unless your home is truly selling as-is, you hope that buyers will see that you have put some work into it. Some buyers want a fixer-upper, but they pay a lot less for homes in that category. Your home deserves to keep up with the neighborhood, and this one task may make the difference between selling and not selling at all.
4. Makes Buyers Wonder What Else Is Wrong
Curb appeal and staging for the home are not supposed to hide problems under the surface, because there can be legal effects of concealing information from buyers. However, curb appeal is definitely supposed to show the home at its very best. If the view from the curb looks outdated and inadequately maintained, buyers may think that this is a sign that the home is really in bad condition inside. Some may be so concerned about the outside representation of the home that they abandon their plans to go inside and find out more. Fixing this relatively minor issue of home exterior paint makes it far more likely that buyers will take an interest.
If you want to sell your home at an ideal price, you have to ensure that your curb appeal is in order. By getting a new paint job, you can help avoid these four problems.