After several decades without the multigenerational home, GenXers are bringing it back to the U.S.. Gen Xers are actually buying homes to share with their adult children. These days, one in six Gen Xer bought a multigenerational home. Over half of the Gen X homebuyers that bought a home specifically to accommodate a multigenerational household say that they bought the home because their adult millennial children either were never able to move out or had plans to move back home. These are the results of the 2019 Home Buyer and Seller Generational Trends research from the National Association of Realtors.
Millennials are the new perfect market for house flippers. Why? Well, according to what Charles Tassell, chief operating officer at National Real Estate Investors Association, told Realtor.com, millennials want to move into home that require very little work. They don't want to have to do their own home upgrades, replace toilets and cabinets, or go through the hassle of re-siding a home. They'd prefer homes that are ready for occupancy. Plus, and here's the big thing, they make up 35 percent of the homebuyer market. Millennials outnumber homebuyers for every other generation. So, believe it or not, home flippers, your
Since millennials are now the biggest group of homebuyers, house flippers need to make some adjustments. Do you know how to sell a home you've just bought with the intent to flip fast to a millennial? So, first off you will need to find the right size and location. We discuss this in an separate blog post about millennial home buyers. Now, here are some smart ways to target this huge market. Make It Instagrammable Make it instagrammable? What does that mean? If you're in an older generation, this might not make a lot of sense. Yet, millennials fully enjoy
If you’re investing in real estate, you know you need to have what buyers want. But millennial homebuyers want different things than older homebuyers do – and your market research will tell you who’s more likely to be looking for a home in the neighborhood you’re investing in. So what do millennials want in a home? Because we’re a hard money lender in Atlanta, we have a unique perspective… and in-depth knowledge of what younger buyers want. What Millennials Want in a Home First things first: millennials want a turn-key home that doesn’t require much work, according to Bankrate. Like