RSS


If it seems like a lot of younger people are entering the home buyer's market, it is by design. A 2016 study from the National Association of Realtors shows that millennials — those people born between 1980 and 2000 — are the largest population of buyers at 36 percent. Generation X (people born between 1965 and 1979) are close behind at 26 percent.

 

Whether it’s for a simple home with little to no repairs needed, or a fixer-upper that can be updated and used for potential future value, the next generation of homeowners know what they are looking for in potential houses to buy. This guide from UBC Homes shows some of the features millennials are looking for in their next home.

 

On The Inside

 

One of the big factors for millennial home buyers is in a place most people take for granted. Younger people like having the kitchen and bathroom updated as, since most of the budget will go to furnishing and down payments, it leaves little for overhauling fixtures in these rooms. Low maintenance options are often sought after, including hardwood floors and granite counters.

 

Speaking of kitchens, the bigger the better. The younger generation views the kitchen as the ultimate hangout spot, compared to a dining room, so having an open floor plan where the kitchen can easily transition to a TV room is a major plus. Also, with an increase of people working from home, having a designated office space is becoming more of an important feature to include.

 

Technology Matters

 

As with many other things, millennials are looking for the latest technology to include in their new home. What used to include cable hookups and telephone service is now replaced by internet and wireless. Even if these options are out of the seller’s control, they should be prepared to face questions regarding both of these and how they can be useful for the new purchasers.

 

Technology is not just limited to the inside of the house. Energy efficiency is an important feature for home buyers as they want properties that homes that are green. Mostly this includes insulation levels and parts of the home that can be energy efficient.

 

Location, Location, Location

 

Of course, where the house is located can be the biggest factor for a home purchaser. As more and more younger people look to homes in major cities, many buyers in this age range are taking into consideration walkability and access to public transportation. This can change for those with children, as they may look for property in more residential areas.

 

What UBC Homes Offers Millennial Home Buyers

 

With a higher number of younger people looking to buy a house, it’s important for them to find real estate agents that understand the things they are looking for in a home. At UCB Homes, we have a wide selection of homes throughout the Vancouver area that provide features that match the needs of millennials and other buyers. For more information, call 778-991-0649, and view our listings on our web site.

Read
Categories:   Buying | Carpet | city of vancouver property tax | College | Condos | Football | Freehold | freehold townhouse | home selling tips | Homes | Houses | Kitsilano | Kitsilano Condo Prices Chart | Kitsilano Condos | Kitsilano House Prices Chart | Kitsilano Townhouse | Leasehold | leasehold prepaid-nonstrata | leasehold prepaid-strata | Luxury Real Estate | Mortgage | Moving | New Listing | ownership | Quarterback | Real Estate | REBGV | REBGV Stats | Renovations | school catchment | sellers | Selling | selling your home, safety | Social Media | strata property act | student housing, ubc, investment | Student Rentals | Summer | Summer Programs | Tips | Townhouse | Ubc | ubc realtor | ubc realtor, UBC homes, UBC real estate | UBC Apartment | UBC Average Sold Price | UBC Chancellor Place | ubc community | Ubc condo | UBC Condo Strata | UBC Condos | UBC East Campus | ubc events | UBC Farm | UBC golf | UBC Hampton Place | UBC Hawthorn Place | UBC Homes | ubc homes, ubc real estate | ubc homes, ubc real estate, spring break, vancouver events 2014 | ubc hospital | UBC House Prices Chart | ubc housing | UBC Programs | UBC Properties Trust | ubc real estate | UBC real estate mortgage | UBC real estate, UBC homes, Halloween in Point Grey | UBC real estate, UBC homes, UBC Realtor | UBC real estate, UBC homes, UBC Realtor, Moving to UBC | UBC real estate, UBC homes, UBC Realty, Toys stores, UBC, Point Grey | UBC real estate, UBC Realtor | UBC real estate, UBC Realtor, UBC attractions | UBC real estate, UBC realtor, UBC events | UBC real estate, UBC Realtor, UBC Food Truck | ubc real estate, ubc realtor, ubc realty | UBC Realtor | UBC Realtor, UBC Homes, UBC Real Estate, UBC Christmas Events | UBC realtor, UBC real estate, UBC events | UBC Realty | UBC Rural Tax | UBC schools | UBC Services Levy | UBC Townhouse Prices Chart | UBC Townhouses | ubc triathlon, ubc real estate, ubc homes | UBC Wesbrook Vilage | UBC Wesbrook Village | UBC Wesbrook Village, UBC, real estate, homes | Vancouver | Vancouver Condo Prices Chart | Vancouver Home | Vancouver House Prices Chart | Vancouver Real Estate | Vancouver Townhouse Prices Chart | Virtural Tour | what does freehold mean
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.