Men and women born between 1980 and 2000 — now make up about 35 percent of the housing market, and they’re changing the way we build homes. Technology is essential. Some new homes already come with a built-in resident -- Alexa.
Today, prospective buyers start their home search online, looking at photographs and reading the details of homes on the market. According to the N ational Association of Realtors , 99 percent of millennials search online for homes for sale.
These younger buyers also live a busy lifestyle, with work taking up a good part of their day. Anything to put home life on cruise-control is a selling point. Millennial homebuyers love climate control systems, televisions, home security, and automatic sprinklers that they can adjust with the tap of an app or via a virtual assistant.
Energy Efficient
The new generation of homebuyers cares about the environment and saving money. Energy efficiency is crucial. Homes that offer the RESNET Energy Smart label translate to lower utility bills, a lower carbon footprint, and appliances that last longer.
Solar panels and zero-energy homes are big draws. This environmental focus carries over to lawn care, too, with millennials often opting for electric lawn mowers or even throwback manual push mowers.
Inside the house, there are three main focal points:
Seven out of 10 millennials own at least one dog. That’s why many are moving out of apartments and into houses with backyards. Sturdy fencing is important -- you don’t want your best friend to run away! Shade trees and an area for the dogs to run are perks that sell.
The best thing about buying a brand new home is the opportunity to design it yourself. Want his and her home offices or an outdoor kitchen? Mix and match the features that meet your needs. You’re not just building a house with Allen Edwin Homes. You’re building a future.
When Linda Zhang isn’t redoing one of the rooms in her own house, she’s writing about home decor and other real estate issues.
Copyright © 2024 Allen Edwin Homes. All Rights Reserved.
Allen Edwin Homes is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide the products and services you requested from us. We will contact and update you about information related to your home search as well as content that may be of interest to you. By clicking submit on any forms on the allenedwin.com website, you consent to allow www.allenedwin.com to store and process the personal information submitted to provide you the content requested. You may unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.
* This is NOT a commitment to lend. Financing example is based on the sales price with a 5% down payment. Mortgage is a 30 year Fixed Rate Mortgage loan with an interest rate of 5.990% fixed with 2 points (APR to be determined by a lender). Monthly principal and interest are included in the above payments. Monthly taxes, mortgage insurance and hazard insurance are not included in the payments for this loan program. HOA dues are additional and not included in the above payment. Maximum loan amounts are based on county limits and vary between counties. See a lender for information. Not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. Interest rates, payments, terms and availability of this loan program, and the sales price, are examples only and are subject to change without notice. Interest rates may not be available at the time of loan commitment or closing. Loans are subject to credit approval. Restrictions and conditions may apply. Interest rate and APR for Fixed Rate Mortgage (ARM) programs are subject to increase or decrease. Rates are quoted as of 5/3/24.