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8 Things Millennials Want in a Home

The Millennial generation represents the largest share of homebuyers, according to a generational trends report by the National Association of REALTORS®. Weighing in at 32 percent of homebuyers, millennials are looking for different needs in a home than their predecessors. According to REALTOR Magazine®, these are the top wants of millennial homebuyers.

Affordability

Millennials are spending-savvy, especially when it comes to their home purchase. After seeing parents reel from the recession and facing the repayment of their own student loan dent, millennials want affordable, budget-friendly houses without going into their maximum approved purchase price.

Efficiency

Via Pinterest

This generation is extremely waste-conscious. With that being said, they're looking for homes in which every space has a purpose.

Flexibility

Millennials see their homes as an extension of the rest of their lives, not just a place to go after work. So they want casual and flexible spaces in a home that can be customized to fit their needs, whether that be a play room for their children, a home office, a home gym, man cave, or an extra bedroom.

"Green" Homes

Via Pinterest

Ten percent of millennials who purchased a newly-built home said they purchased new for green/efficiency reasons, according to an NAR study. Think new appliances, sustainable building materials, and energy-efficient LED lighting.

Entertaining Possibilities

Via Pinterest

It's no surprise that this generation of homebuyers want their homes to be a hub for entertaining family and friends. Open floor plans, fire pits, game rooms, outdoor living spaces, and "man caves" appeal greatly to millennials.

Location, Location, Location

These young homebuyers place importance on being close to urban necessities and entertainment. Home serves as a base for these active homebuyers and they're willing to compromise home size in order to be closer to certain amenities.

Move-In Ready

Growing up in the age of technologic advancement, millennials are accustomed to having things done in an instant. This generational trait transitions into their housing preferences, as well. The more a seller has done, the better. Millennials want updated and upgraded homes, and they want it done before they move in.

Maintenance-Free Materials

Millennials work long hours and have lots of interests outside of the home, so materials that require minimal time and care are key. For example, they prefer tile, laminate or vinyl flooringthat mimics wood over the maintenance of the real thing.

Overall, the Millennial generation doesn't view their home as a status symbol but as long-term investment that will suit the needs of their busy and active lifestyles now and evolve with each life stage.

If you're interested in purchasing your first home, download our free Mortgage 101 Handbook, a great resource of all things home buying and financing for first-time buyers.

CLICK HERE FOR THEREST OF THE STORY8 Things Millennials Want in a Home Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Skye Gould (@skyegould) | Twitter

Skye Gould (@skyegould) | Twitter Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

Buyers Are Back After Foreclosure - WSJ

Boomerang' Home Seekers Become Eligible for Mortgages and Hit Market Again

Millions of families lost their homes to foreclosure after the housing crash hit six years ago. Now, some of those families are back in the housing market. Call them the "boomerang" buyers.

Millions of families lost their homes to foreclosure after the housing crash hit six years ago. Now, some of those families are back in the housing market. Call them the "boomerang" buyers, as Dawn Wotapka explains on Lunch Break. Photo: AP.

It is difficult to quantify the exact number of boomerang buyers, but real-estate agents, mortgage brokers and home builders all say a 

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darien median price april 16 2015

6 Last-Minute Real Estate Tax Tips for Total Procrastinators - Finance - realtor.com

Well, you don’t have much time left. So get busy! Whether you own or rent, there are real-estate-related tax savings for all to claim—if you file on time:

CLICK HERE FOR THE REST OF THE STORY6 Last-Minute Real Estate Tax Tips for Total Procrastinators - Finance - realtor.com Neal Paskvan is a full time Realtor specializing in Downers grove, Darien,Woodridge, Westmont and Du page county Real Estate

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