Backus Realty & Development Company
Backus Realty & Development Company
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Millennials: A New Target Market for Home Sellers

by Team Backus 12/01/2019

Photo by Tatiana Chekryzhova via Shutterstock

As more millennials leave consumer and student debt behind, they enter the housing market. Being savvy researches in the information age, this demographic has begun to fuel the housing economy. Many purchase homes as singles, with a partner or even a friend or group of friends.

Where is Preferred?

Unlike past generations where singles preferred the city and couples with children headed to the suburbs, millennials like what they like. Whether your home is in the city or the suburbs, you can appeal this group of buyers. Millennials, in general, prefer experiences to expenses. Large open concept rooms with plenty of space for entertaining makes a carefully renovated home the perfect place for a young single, pair or tribe to purchase the perfect gathering place.

What's Bought?

When looking for the perfect home, millennials seek simpler styles that gel with their minimalist mindset. Because they care more about experiences than possessions, they look for living spaces that let them enjoy time with friends and housemates and don’t require too much upkeep.

If you’re considering upgrades or renovations to your home before putting it on the market, consider opening a smaller kitchen into the larger living space. Connect bedrooms to en suite baths for multi-adult households. Beef up the outdoor entertainment area with room for a firepit, speakers for music and a place for lawn games. Millennial buyers like to share their space with friends and family and are very keen on comfort. If you have any questions about how to place your home for sale in an area that you think may be a great spot for this target homebuyer, feel free to reach out.

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At Backus Realty and Development, our team of real estate professionals is dedicated to helping you, whether you are buying or selling. Looking for a luxury home, gated community, building acreage or horse property in the beautiful Southwest? We would love to put our real estate knowledge and experience to work for you!

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Selling your current home can be an exciting and/or stressful decision. From the moment we list your property, Backus Realty works as your partner to effectively market your home and utilize our networks to find appropriate buyers. Our commissions are negotiated instead of set – we offer more for less. You can rely on our personal, confidential service to make this process as smooth as possible. Welcome to Backus Realty and Development, Your Coyote Creek Experts

At Backus Realty and Development, our team of real estate professionals is dedicated to helping you, whether you are buying or selling. Looking for a luxury home, gated community, building acreage or horse property in the beautiful Southwest? We would love to put our real estate knowledge and experience to work for you!

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Our experienced real estate team is happy to assist you in planning your new home. Once you have found the perfect custom lot, we have architects, engineers and builders waiting to help you create your perfect custom home.