Millennials Are Now on the Prowl for Single Family Homes


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Now that the housing market is recovering and on the upswing from the financial crisis, more and more younger people and older generations alike are looking for new houses. Whether they have kids, are living as a couple, or an individual is looking for single family homes in preparation for the future, there are numerous homes on the market that can cater to all of their needs.

With more subdivisions and houses popping up all over the country, potential buyers are more interested in looking for additions or perks that add some more personal and financial value to the home. As of recent, it appears that when buying a new home, the top three priorities are having a reasonable amount of storage available, having good space throughout, and appliances. Just in 2013, about 89% of owners bought a home with a laundry room to avoid having to spend time and effort traveling back and forth from the laundromat.

With the advent of technology and the age of the internet causing people to become more accustomed to instant gratification, people are looking for any facets that can make their hectic lives easier. Besides just laundry, other appliances that make them feel more comfortable are also highly sought after aspects of a home. According to a survey from the National Association of Realtors, an estimated 65% of buyers reported that they bought a home with central air conditioning installed.

All of these factors have become exceedingly more important reasoning behind what to look for in a new home with the millennial generation coming of age and interested in buying single family homes. Even just having a modern home is not quite enough to satisfy some buyers.

Location has also become an important facet in the home buying process. In a survey of 1,500 millenials looking to buy modern homes, about 66% report a desire to live in suburban locations, 24% wanted to be in rural areas, and around 10% were looking for a place in central city metro areas.

Previous generations would be terribly jealous if they saw the availabality of modern home designs that millenials now have. Buying a dream house is now a possibility for many up and coming buyers looking for single family homes.

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