Real Estate changes with the needs and priorities of each generation. Below is a list of what young home buyers are looking for these days!
1) Location, Location!
Suburbs and walk-able neighbourhoods are ideal. Also, a closer proximity to a major town or city takes priority over acreage.
2) Open Concept Floor Plan
Segregated rooms are not as popular as they once were. For starters, the kitchen is no longer “The Woman’s Domain” but the “Family Hub”. It’s where the kids do their homework while mom (Or Sometimes Dad) cooks dinner and the second parent unloads the dishwasher and asks everyone about their day. Open Concept Floor Plans help young families achieve casual togetherness in the middle of busy schedules.
3) Updated Kitchens & Bathrooms
Upgrading kitchens and bathrooms is pricey, and with the cost of houses these days, young people want a home that is low maintenance and will require minimal renovations.
4) Luxury Master Bedroom
The Master Bedroom has become more than just the room in which the adults of the home sleep. It is a private sanctuary: A No Kid Zone. To make themselves feel like Royals in their bedroom, couples often look for Private Ensuite Bathrooms, Walk In Closets Or Walk Out To A Private Balcony.
5) An Office Space
Thanks to technology, many people are now able to work from home. As a result, more and more young adults desire a home office.
6) Hardwood Flooring
Carpet is on the outs and for good reason. It’s highly prone to staining and collects dirt and dust like a magnet. It can also become a breeding ground for fleas, bed bugs and dust mites. And who has time to shampoo the carpet on a regular basis? All In All, Hardwood is durable, more sanitary, and a lot more hypoallergenic.
7) Main or Upper Level Laundry
Carrying loads of laundry all the way down to the basement is anything but convenient! Having access to laundry closer to bedrooms is ideal as it is on that level where most laundry is accumulated or put away.
8) Walk Out to Yard or Deck
There are different reasons why one might want a walk out. A Main Level Walk Out can provide added supervision for playing children or a convenient exit for the dog. It also allows quick and easy access to the barbecue! On the other hand, a Basement Walk Out could be desired as a separate entrance for a potential inlaw or income suite.
9) Finished Basement
Young people want a basement that’s ready to live in; either for additional recreational space, multi-generational living, or extra income to help pay of that hefty mortgage!
10) Technological Advancements
For Some, an increased number of outlets for gadgets and devices or an electric garage door is advanced enough. However, a tech savvy and environmentally aware buyer will certainly find value in Smart Home Capabilities and Energy Efficient Appliances. All in all, any technological add ons are a WIN.