One of the key issues real estate agents should look into this year is Millennial housing trends.  One in five Millennials move each year and more and more of them are looking for homes to buy and settle down. This means that this generation has a great chance to change the housing market for good. Here are just some of the things to keep in mind when it comes to selling to Millennials. 

Millennials are buying more homes than before

In previous years, Millennials were either renting or investing in apartments. However, things are slowly changing and younger buyers are starting to look into homes much more than in previous years. Actually, more Millennials are becoming homeowners or aspiring homeowners.  Still, Millennials’ rate of homeownership is still lower than that of Gen Xers and Baby Boomers at the same age. Elements like delayed marriage, student loans, high down payments, high maintenance costs and choosing to live in expensive environments all play a significant role. However, things are slowly changing and real estate agents can start offering houses to Millennials. 

Millennials have certain preferences

According to reports, Millennial buyers and renters have a few preferences that will make or break the deal. For instance, the size of the home is probably the most important, since Millennials want bigger properties that will be perfect for raising a family and accommodating kids. While Boomers are looking to downsize, Millennials are looking to upsize. Secondly, bathroom design is very important for younger buyers, preferably with a walk-in shower and water-saving technologies. Tech is also an important part of every Millennial’s life, so smart home devices need to be included in the property to catch buyers’ attention. 

Millennials want practical locations

While living outside of the city can be cheaper and cleaner, Millennials are city kids used to the hustle and bustle of traffic and rivers of people. That’s why cities like Sydney or London are so popular among younger buyers. Luckily, one can find an amazing house and land packages in Sydney that provide buyers with a perfect blend of city life and suburban peace. Getting the best out for both worlds is what Millennials want—good location for an affordable price. A good agency will know just how to provide clients with what they want and dedicate all of its attention to satisfying their needs. 

Millennials use websites compatible with smartphones

Millennials are changing the housing market in more ways than any generation before. Even the way they find their properties is different since more than 50% of them look for homes on their smartphones, much more than Gen Xers and Baby Boomers. Why is this significant? While Millennials are known as a tech-savvy generation, this data shows just how much their lives are intertwined with technology. Real estate agencies and property management companies need to advertise online and make their listing pages mobile-friendly. Advertising in mobile device apps is also a smart idea. 

Millennials want smart tech and eco-friendliness

Millennials not only love technology, but they understand it well. Most younger people living in bigger cities and developed countries like Australia want to live surrounded by helpful and sustainable technology. This requirement is completely changing the face of Australian home designs driven by environmental practices and new technologies. All the most popular residential designs in Australia are now focusing on sustainability, organic shapes, minimalist style and smart tech. Smart home security and energy-saving features are the most coveted today. Millennials are even ready to pay more for these features that will make their lives easier and our environment cleaner. 

Millennials want good maintenance

This is not a point unique to Millennials, but they certainly crave good property maintenance, especially if they are looking to rent. Among some of the most important things when it comes to maintenance are speedy response (same day or almost immediate), affordability (Millennials will know when they are being overcharged for labor or parts) and quality work (all repairs need to hold because most Millennials don’t have time to waste on repairs). But how can property managers ensure fast, cheap and high-quality service for their Millennials renters and buyers? One great solution is to contact an end-to-end property maintenance agency. They make it very easy to put work orders in and supply qualified staff. 

It can be hard to keep up with Millennial housing trends, but hopefully, this guide will help you provide this generation with just what they need.