While millennials are known to spend their money more freely, they also tend to focus more on paying for experiences and less on accumulating possessions. Millennials do have a large desire to be financially stable and they want to own a home. When searching for the perfect house, millennials prefer properties that are move-in ready but that can still be made to suit their style. Ultimately, they want homes that are clean and well-maintained. They are not worried about making cosmetic changes having small projects are actually appealing to them. Below are 5 home improvement upgrades that millennials don’t value and could be deal breakers…
Older generations enjoyed having large, well-manicured lawns but millennials prefer yards that are easy to maintain and green with space to play with their pets and children. The only plants they care to take responsibility for are ones they have indoors.
Formal Dining Rooms
For years, formal dining rooms were a place for grandma to display her fancy dinnerware. Families would gather in the dining room at dinner and on special occasions. Younger generations feel as if this is a waste of space that will not be used enough to even bother having it. Millennials prefer to eat in their kitchens, breakfast nook, or on bar stools surrounding the island.
Designated Floor Plans
Mapped out floor plans are a thing of the past. Most younger buyers prefer multi-functional rooms and open concepts that make the entire house flow together freely.
If one of the things on your to-do list before you sell your home is replacing old carpets with new… don’t. Millennials prefer bare floors like laminate, tile, hardwood, and even finished concrete with staple rugs. Aside from the aesthetics, these floors are easier to clean especially if you are a pet owner and younger generations are big fans of loyal companions.
Space to display memorabilia is not something millennials are looking for as they do not feel their possessions define who they are. They don’t want a whole room to display their things. Game rooms are also not a need as younger generations prefer digital gaming and the outdoors. A media room would be better suited if you’re hoping to appealing to younger buyers.
Tom has 20+ years experience in helping his clients buy and sell properties. Tom is also great resource for trusted vendors that can help assess and fix a property before buying or selling it.
About Tom Reese
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