
While it's common for millennials to delay the home buying process in favor of renting, it won't be long before they represent the majority of the buyer market. As home-buying habits shift across generations, millennials naturally have different requirements and expectations when it comes to choosing a home. Learning how to market your property to a younger generation is an important selling technique, especially if you're looking to maximize your overall return.
To ensure you're casting the widest net possible and attracting millennials to your listing, be sure to keep these tips in mind when promoting your listing:
- Focus On Green Living
Energy efficiency doesn't just lead to lower utility bills, but it also helps reduce greenhouse gas emissions. Both are important factors to millennials when buying a house. Make sure to highlight any double pane windows, high-quality insulation, new HVAC systems, recent roof replacements, or other energy-efficient features in your listing. Sustainability is a great way to attract millennial buyers.
- Promote The Neighborhood
Efficiency and convenience are big selling points — so if you live in a neighborhood with lots of amenities, you'll definitely want to promote it. Call out your home's proximity to any major highways, public transportation, schools, or shopping districts. Walkable neighborhoods are a huge selling point for younger populations.
- Keep Your Staging Neutral, Yet Modern
When it comes to staging, the general rule of thumb is to keep things as neutral as possible. However, adding a simple and modern touch to your neutral staging can help make your listing more appealing to a millennial population. To achieve a simple, minimalistic interior, you'll want to spend a good bit of time decluttering ahead of time.
- Brand New Fixtures
Most first-time homebuyers are concerned with saving for the down payment, and as a result, don't want to spring for costly upgrades shortly after moving in. If you've recently upgraded or renovated a kitchen or bathroom, be sure to make it the spotlight of your listing.
- Ask Your Agent About Digital Avenues
Creating a digital presence for your listing can be a great way to reach a younger population. Your agent can help make sure there are spectacular pictures of your facade and interior to capture the attention of online shoppers. Many agents also utilize social media to expand their reach and appeal to younger homebuyers.
With millennials making up an increasingly large percentage of the buyer market, learning to market your property to this generation will become more and more important. Keep these tips in mind when working with your real estate agent to create your listing.