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Great Article on 5 Must-Haves of Millennial Buyers

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5 Must-Haves of Millennial Buyers

Daily Real Estate News |      Wednesday, February 12, 2014  

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Millennials, those born between 1980 and 2000, are the second-biggest segment of home buyers, behind Generation X (those born between 1965 and 1979), according to a 2013 National Association of REALTORS® study about generational housing trends.


Real estate professionals told ABC News recently of some “must have” features that tend to be in high demand among young buyers. Some of those “must haves” include:


1. Updated kitchen and bath: “The primary reason young buyers seek updated kitchens and baths is because they have limited budgets,” says Jack Curtis, a real  estate professional in Dublin, Ohio. “Most of their savings will go toward the down payment and furnishings. Kitchens and bathrooms are also the most expensive parts of a home to update, and young home owners cannot afford to sink a lot of money into those areas.”


2. Big kitchen with an open floor plan: “The kitchen has become the hangout room along with the family room,” says Lou Cardillo of The Lou Cardillo Team in Yorktwon Heights, N.Y. “An open space that can easily transition from kitchen to TV room is high on the list of the perfect home for young buyers. In essence, the kitchen is the new living room.”


3. Home office: “As technology continues to make us more mobile, young buyers have more options than ever to work from home, depending on their job,” says Paige Elliot, a real estate professional with Dave Perry-Miller & Associates in Dallas. “Having a dedicated space is important because it will help keep them focused and concentrated on work while they are at home on a Skype call, planning a presentation, setting up their workday or simply paying bills.”


4. Location: “My young buyers look for properties that are in proximity to public transportation and that have a good walking score,” says Allison Nichols, a real estate professional with Related Realty in Chicago.


5. Technology: A home’s appeal can be increased if it has a strong mobile carrier’s signal or its list of Internet service provider options, says Cardillo. “Internet and cell service matters a lot to this generation, and they’re going to ask, so yu need to have answers,” Cardillo says.


See the full list of must-haves at ABC News.


Source: “Top 10 Must-Haves to Sell to Young Homebuyers,” ABC News (Feb. 10, 2014)







			

			
						

	
	



			
				


			
				


			
				


			
				


			
				


	

		
How to keep your house cool with Just a Fan!

				

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If you’re home is like mine, there are weekly arguments about what the temperature should be in your house. The fanthermostat is probably programmed as it always has but there are just some days that it feels hotter than others. Fiddling with the air conditioning conjures up visions of dollar bills being blown away, but if you can’t get comfortable at home where can you beat the heat? Turns out instead of our A/C we may not be using a fan to its full potential.


I came across this news segment on YouTube which has a home inspector showing how just a simple fan can lower the temperature in your home if used correctly. For example, putting a fan on the side of the house that gets shed and having it blow towards the side with sun will help balance out the temperature. Put a bowl of ice cubes in front of that same fan and you basically have a MacGyver-esque air conditioning unit.


While central air is still my home coolant of choice, these fan tricks can help cool down pockets of  your home that just always seem to be hotter than others. Check out the video above for the full list of tips on how to keep your house cool with just a fan.


Image courtesy of Flickr user Ryk Neethling