Seems like Millennials go for streamlined, unique fixies — and we’re not talking about hipster bikes.
Almost a third of Millennials would prefer a fixer-upper to a house that needed minimal repairs, according to a report released this month by Better Homes and Gardens Real Estate.
In this survey of Americans age 18 to 35 years old, young prospective homeowners were willing to do the repair work themselves; 47 percent of people said they’d rather tackle a home maintenance problem themselves than call a professional.
About 77 percent of Millennials generally favored customized, efficient homes over “cookie-cutter” luxury abodes with traditional curb appeal, the report discovered.
“It’s critical that real estate professionals understand what embodies a quintessential home for the Millennial generation, which vastly differs from the traditional norms of generations before them,” Sherry Chris, president and CEO of Better Homes and Gardens Real Estate, said in a statement. “Understanding technologies to communicate with this generation is now only one piece of the puzzle for agents; ‘smart’ technological capabilities must now be ingrained into the home itself.”
- What’s in a name: One in five survey respondents said that they typically use their dining room as a home office, while 43 percent wanted to transform their living room into a home theater.
- Always plugged in: Millennials look to be entertained in every room of their home; 59 percent said they would rather have extra space in their kitchen for a television, rather than a second oven.
- The hottest tech assets in a home: An energy-efficient washer and dryer (57 percent), security system (48 percent) and smart thermostat (44 percent) were the top wants. A home lacking the latest tech capabilities was a deal-breaker for 64 percent of Millennials surveyed.