Here's a piece from Wednesday's digital edition of Realtor Magazine that points up the differences among the generations in home-feature preferences.
Millennials tend to have higher expectations than older homeowners did about their ideal starter home, according to a new survey by Clovered, a home insurance resource. Millennials tend to want larger homes with modern designs.
More millennials are entering the housing market for the first time. Clovered recently surveyed more than 1,000 consumers about their first home to learn which features and amenities mattered to them the most.
The top factors first-time buyers tended to place the most weight on when considering where to buy their starter home include:
- Affordability of the area
- Low crime rates
- Proximity to workplace
- Climate
- Geography of the area
- Friendly neighbors
- Proximity to a variety of stores/shopping options
- Move-in ready
- Proximity to friends and family
- Tax rates
