In a few years’ time, Millennials—those who were born between 1982 and 2004—will make up over 40% of home buyers in Australia. So, if you have plans of selling your home, in the future, you might want to make it attractive to the Millennial buyers. To help you with that, here’s a checklist of the things these young buyers look for:
Millennials are always on the go; thus, they may not be able to dedicate one whole day just to clean the kitchen, for example. No wonder many of them prefer stain-resistant kitchen countertops, low-maintenance hardwood flooring, and other home features that are easy to maintain.
Sustainability is the key to engaging Millennials in the workforce, according to Global Compact Network Australia. It goes the same when it comes to real estate. As a matter of fact, these young home buyers are willing to pay more for things that are energy-efficient and eco-friendly. If you’re planning to make upgrades to your home prior to listing, consider green features such as a programmable thermostat, solar panel installation or even the energy-efficient heat pumps available today in Perth.
While there are a lot of smart devices you can install in your home, be aware of some technology that can quickly become obsolete. Instead, select smart devices that add value to your property, such as upgraded door locks and security systems you can link to a smartphone.
According to Nick Playfair, a residential sales consultant in Sydney, Millennials are buying homes later in life than their parents. He also noticed that older Millennials spend a lot of time researching the market and checking the latest trends in real estate before they start making offers. Thus, the best thing to do to attract these buyers is to give them exactly what they are looking for in a home.