SELLING YOUR HOME TO MILLENNIALS: TIPS AND TRICKS
Millennials have reached an age where it is their time to start buying homes, and those homes are generally owned by members of the Boomer generation. To put it in perspective, millennials represent 42% of all new home loans. If you are trying to sell your home, you’re going to need to make it appealing to the demographic that is most likely to purchase it. This article will briefly discuss some affordable changes you can make to your home, which will attract millennials like bees to honey.
Remote work is increasing, particularly in high traffic areas like Los Angeles. As a result, many millennials have positions that allow them to work from home (at least a few days per week); naturally, millennials want a home that will accommodate this modern change in employment and are looking for a room that can serve as a home office. Utilizing this knowledge is as simple as staging a small bedroom as an office, so they can picture themselves living in your home.
Further, Millennials tend to consider the layout of certain rooms in relation to how it might impact their ability to host friends (it’s not clear that Millennials consider this more than any other generation, but the data does indicate that it’s important); consider staging a living room with an eye towards accommodating large groups of people watching the Chargers game, or playing whatever the latest video game is.
In addition to enjoying avocado toast, millennials are particularly green; there is also a general concept of utilitarianism – efficiency is very high-up on the list of things that matter. As a result, it would behoove you to invest in green technology – technology that is not wasteful and does not produce any harmful byproducts.
A surprisingly small detail that has a big impact, is the availability of USB outlets. Yes, regular outlets are important, but an increasing number of devices utilize a USB outlet to function; having these on all your regular outlets will signal that you have considered the Millennials’ needs and will likely score you some major brownie points.
These are just a few small improvements you can make to appeal to a younger generation, a generation that represents the most likely group to purchase your home. At the Chernov Team we know that knowledge is power, and knowledge of how to effectively sell your home to a probable demographic is powerful knowledge indeed. At the Chernov Team we understand that whoever comes to the table most prepared leaves with the most, and the Chernov Team always leaves the table with the most.