Friday May 1, 2015
Millennials are quickly emerging as the majority of young homebuyers in the real estate world. According to the National Association of Realtors, Dallas has a large number of Millennials living in the city with strong job growth. This means more builders are catering towards young homebuyers’ needs as they’re looking or purchasing a new home.
Fast Information Gathering
When it comes to buying a new home, young homebuyers typically don’t call up a professional immediately. They look for information online from resources such as Houzz, Pinterest or blogs. More often than not, they’ll contact real estate professionals only to receive validation on their own choices. Keeping them involved throughout the entire process, is the best way to keep them engaged.
Location, Location, Location
To young homebuyers, location is just as important, if not more important, than the home itself. This is why so many millennials are moving to communities in the Dallas area. Living in urban or smaller cities allows for easy access to area amenities.
Between long work hours, varied interests, and hobbies, young homebuyers live busy lives. What they are really looking for when house hunting is a home that doesn’t require a ton of maintenance. This is why low-maintenance luxuries such as faux wood or ventless fireplaces are quickly becoming home decor trends.
Technologically & Energy Efficient
We live in a world filled with technology, which is exactly what homebuyers are searching for when buying their new home. They want to be able to play with all their “toys” – tablets, audio systems, iPhones, and more!
While young homebuyers may splurge on their favorite furnishing or appliances, they are value-conscious when it comes to their purchase. Millennials aren’t too concerned with viewing their new home as a status symbol but more so a long-term investment.
Normandy Homes has several communities in the Dallas area lending to the needs of any younger homebuyer. We’ll help you find what you’re wanting in a new home! For more information on Normandy Homes and the communities, take a look at our website today!