With the housing market’s ongoing improvement in Breckenridge and beyond, the demographics of who might buy your home are changing. The people in this prized group are often referred to as the millennial generation, but sometimes they’re called Generation Y. Either way, as a veteran of the Breckenridge Colorado real estate market, I can’t stress how critical it is to attract these young buyers.
In this article I’ll offer a few tips on how you can make your home more appealing to younger buyers. By making your home or condo more appealing to all buyers, you’re more likely to get a range of appealing offers on the property.
Update Your Kitchen and Bathrooms
Generation Y buyers generally have a tight budget. This means they’re looking for homes that don’t need a lot of work. Keep in mind that most of the savings a younger buyer will have may go straight to the down payment on the house, or to home furnishings. Therefore, if you have recently updated your kitchen and bath fixtures, you’re one step closer to drawing buyers from this group.
However, you’ll also want to plan carefully when you’re making changes to your home when you’re getting ready to sell. Every buyer has different tastes, so you may want to scout out some blog articles or magazines to find out which current trends may be appropriate and appealing, without being to flashy or garish.
Open Floor Plans
In past years, a separate dining room and kitchen were seen as important features of a home. These days, though, the rules have changed. Formal dining rooms are not a priority. Instead, young buyers desire more open space that can be shared between a larger kitchen and a living room. Essentially, the kitchen is now the living room for this generation of buyers.
If you can find ways to create open spaces in your home, or even the just the feeling of open spaces inside the home, younger buyers will likely find that more attractive. After all, a buyer wants to see a house as a blank slate and the appearance of empty rooms and open spaces will allow them to project their own preferences onto the house or condo.
More people work from home than ever before. That’s why having a dedicated space for a home office matters so much. Generation Y buyers, in particular, value home offices when touring new places to live.
While open floor plans are a huge draw, young buyers still want to see there’s a special area of the property where they can get work done. Then they know they can be on the computer, plan a presentation or make a Skype call from the comfort of their own home without the potential for any distractions.
As gas prices rise and telecommuting becomes more viable, young buyers in the Breckenridge real estate market are increasingly interested in homes that are close to public transportation and biking or walking paths. If your property happens to be near buses or trains and is located in a very walkable neighborhood, you definitely have an advantage when it comes to getting the attention of Generation Y members.
Low Maintenance Rules
Generation Y buyers are on the go and don’t want to spend their weekends with complex to-do lists. For this reason, they are drawn to homes that don’t require much maintenance. Wood floors and granite countertops, for instance, make more sense to them because there isn’t a lot of work involved in the upkeep.
The takeaway here is that if your home doesn’t need a lot of complicated maintenance, you may be in good shape to draw buyers from the Generation Y family.
Want More Ideas on How to Get Offers From Young Buyers?
As you can tell, there are many things that young buyers want in a new home. However, you shouldn’t feel overwhelmed by making your home Generation Y-friendly. I’m happy to help you figure out a plan to get offers from this type of buyer. Just give me a call so that we can start strategizing.
Also, if you’re looking to buy a new home in the Breckenridge real estate market, I’m happy to put together some properties that might suit your tastes. You’re welcome to browse through the updated listings on my website to get started, and when you’re ready to talk through your options or schedule showings, contact me at any time via email (firstname.lastname@example.org) or on my office line. I look forward to working with you!