Millennials represent a significant percentage of home buyers in today’s market. On the other hand, many of them are renters given the increasingly higher costs of owning a mortgage.
However, no matter if they are buying or renting, millennials do know what they want.
Therefore, if you want to make sure your property is more appealing to this representative category of buyers, you should be mindful of the items on their wish list. To help you determine what it is they want and how you can give it to them, our estate agents in Newham have put together a list of tips on how to make your property more appealing to millennials. Keep reading to find out everything you need to know.
If you are selling or letting a property in East London, do not hesitate to enlist the help of our professional and dedicated estate agents in Newham. With our vast experience and expert advice, you will secure more profit and close a better deal. To learn more about our services, call 0207 055 0441 today!
What you can find in this article:
- Ideal Location
- Good Layout
- Bonus Spaces
- Great Design
- Future-Proof Extras
- How to Attract Millenials
You already know that location is high up on everyone’s wish list. For millennials, the best locations are the ones that allow them to be in the centre of everything. They are looking for upbeat, dynamic neighbourhoods with plenty of shops and entertainment venues and green areas for outdoor sports. On the other hand, they also appreciate peace and quiet and want to live in a neighbourhood that offers safety and a community feel.
To top this off, millennials also want to not spend much time commuting to work. So, they will always appreciate properties located in areas that have good transport links.
If it sounds like that is too much to offer, our estate agents in Newham assure you there is no reason to worry. There are many areas in East London that can fit the bill and give home buyers and renters what they want. To learn more, contact our estate agents in Newham for exclusive listings.
A good layout is the second item on any millennial’s wish list. To appeal to a millennial, your property should have an open layout that is suitable for entertaining and also has dedicated spaces for things like work or even working out.
Our estate agents in Newham say that a large, open kitchen is one of the strongest selling points for a property. If you don’t already have one, you should consider refurbishing this space to fit the sociable nature of buyers and renters.
Other aspects millennials appreciate when it comes to layout is an open floor plan, dedicated workspaces, and outdoor areas.
Millennials are all about being eco-friendly and they appreciate properties that have sustainability in mind. A sustainable property has features like:
- solar panels
- water-saving and recycling systems
- air source heat pumps
- energy-efficient utilities
- excellent insulation
- underfloor heating
- electric car charger
Sustainable features are not only appreciated for their ability to reduce the harm we are causing the planet. According to our estate agents in Newham, millennials also care a great deal about them because they want more value for money and want to be able to keep their costs to a minimum with energy-saving technology.
If your property does not have a dedicated workspace, you should consider creating one. With so many millennials now working from home full-time or only part-time, they need space for a home office.
When working from home, millennials also want to have quick and easy access to areas where they can unwind. According to our estate agents in Newham, this can mean a private outdoor space like a garden or terrace or a community space such as a communal garden, a rooftop garden, or proximity to a park.
A property located next to one or even several green spaces will quickly become a favourite for millennials as their lifestyles prioritise physical and mental well-being. They will definitely appreciate a property close to spaces where they can jog, do yoga, or practice their favourite sport.
Other bonus spaces our estate agents in Newham say are high on the list of convenient features are storage spaces and laundry rooms.
The design of the property is also important to millennials. Our estate agents in Newham found that they are mostly looking for properties with clean, simple design. That is not to say that millennials don’t appreciate style. In fact, they very much appreciate bespoke spaces with stylish interior design. However, they still want simplicity to be at the heart of it all.
We cannot talk about millennials without talking about technology. According to Our estate agents in Newham, properties with future-proof extras like apps that can control the lighting, sound, heating, and even the curtains are highly appreciated.
How to Attract Millenials
When it comes to marketing the property, millennials want to do as little legwork as possible and highly prefer properties that can be easily viewed on different devices like smartphones or tablets and especially properties that they can view remotely.
If you want to make your property appealing to millennials, our estate agents in Newham recommend you focus on the visual. Your marketing materials should include high-quality photos, videos, and virtual tours and the estate agents you choose should come highly recommended by way of social media and search engine reviews.
Our estate agents in Newham use all of the latest marketing tools and technologies when marketing properties, allowing them to attract a high number of potential buyers or renters. We are also very experienced in navigating the ever-changing property market and have outstanding reviews from previous clients.