The Beehive State is currently one of the hottest destinations for millennials. This generation already outnumbers the baby boomers. With ages between 22 and 37 years old, many of them are not only working but are also looking for a house to live.
Utah enjoys a very healthy housing market as demand is much higher than the supply. However, it doesn’t mean competition is not prevalent. For one, millennials are searching not only for affordable homes but also properties that meet their specific needs.
To make your place attractive to young buyers, you can take the following steps:
1. Upgrade your garage
If you’re on a tight budget, one of the major changes you can make is upgrading your garage. To be more specific, replace your door. According to the Cost vs. Value Report, opting for a more upscale look can cost about $3,000 in Salt Lake City. However, the return is also almost 97%.
Another option is to add automated garage door openers. Companies such as All Star Garage Doors Inc. specialize in such service in Utah. This technology fits the profile of the millennials, who are more into smart home systems.
2. Give more space
In a survey by the National Association of Home Builders (NAHB) in 2014, about 78% of the respondents they would want to have an open-floor plan. This could be because millennials want more control over the look and feel of their space.
The idea of space, however, goes beyond indoors. Many millennials are also choosing houses with bigger yards. Besides having a space for their dogs, they are also converting them to extensions of living and dining areas.
In fact, in the Cost vs. Value Report, adding a wooden or composite deck can already give a return between 64% and 84%. A backyard patio, on the other hand, has a recoup value of 44.4%.
3. Be bold with colour choices
For millennials, the bolder the colours, the better. In a survey by Sherwin-Williams and Harris Poll, more than 40% of the Y generation said they prefer black paint for their home. Another favourite colour is blue while some millennials choose lavender.
The saying “First impressions last” does matter even for the millennials. From the curb appeal to the interiors, your home must stand out as soon as they walk in for a viewing.