Millennials are the most prominent people buying homes today as Millenials don’t buy homes as often as their parents did. Still, people are buying homes. The U.S. Census says that 35-45% of millennials own their own homes.

Millennials find themselves frustrated regarding the housing market. Because they don’t just buy houses, they are buying something expensive for the first time in their lives. They must pay close attention to things to ensure they have everything according to their checklist.

And they are drawn to Texas for being friendly to millennials. In Texas, there is a lot of demand for homes, and many sell rapidly at prices above asking. Here we will see Things Millennials Look for When Buying a New Home In Texas.

Who are Millennials?

The Millennial Generation, also known as Generation Y, is a group of people born between 1980 and 1995, following the Baby Boomers (1945-1964) and Generation X (1961-1979).

Millennials, a generation born between 1980 and 2000, now make up the largest demographic in the United States. Studies have found that confidence, innovation, education, and social networks distinguish them from other generations.

Marketers are baffled by their purchasing patterns. They tend to ignore and embrace traditionalism. Real estate is a strong predictor of Millennial mentality.

Why Are Millennials Going For Texas?

Texas is one of the states where millennials love to buy homes. A recent survey found that 40-42% of people younger than 33 in Texas owned their own homes. Houston, Dallas, Austin and McKinney are leading the new home real estate market in TX.

Since the number of young people has grown by almost 10% over the past ten years, it is now the fourth most popular place for millennials to move to.

  • The fact that there is no state income tax is why Millennials move to Texas.
  • Texas is one of the few U.S. states you can enjoy every season. It’s not always hot and sunny.
  • Millennials want to move to Texas because there is no state income tax, and housing is cheap; this is a good place for young families and couples who want to settle down.
  • Because of its low cost of living, Texas is one of the best places for Millennials to live.

Things They Are Looking For When Buying A New Home

Millennials are driving the housing market. So it is necessary to learn what they are looking for when buying a new home.

Excellent location

The significance of one’s home remains constant from one generation to the next. Research shows that millennials want to live close to where they work and where there are things to do. It is a big part of how they choose a place to live.

Even though most millennials would rather live in the city, they buy homes in the suburbs because they are more affordable and have more space. Another interesting thing about millennials is that they are happy with smaller homes and would rather spend less on a fixer-upper and use that money to redesign the space.

Large Outdoor Space

Many millennials, like other homebuyers, want spacious outdoor areas to chill alone or host gatherings of friends and family. The amenities that appeal to this demographic are a back porch or deck, a fire pit and grill, and a garden or glasshouse.

Modern Facilities

Most millennials don’t care much about space but want their homes to have modern, well-functioning features, which include dishwashers, washers and dryers, and space to work out.

Another thing that gets the attention of millennials is home automation. Many individuals desire to communicate with their homes the same way they communicate with their phones. There are many different ways to set up an intelligent house, including automated security, heating and cooling, lights, and more. But if you want to entice millennials, you should consider updating your house with modern technology.

Large Cooking Area

Younger generations of homebuyers value spacious kitchens strongly. And whereas Gen X and Baby Boomers were fond of separate dining rooms, today’s young adults would rather have a smooth experience between the kitchen, dining room, and living room.

Eco Friendly

The millennial generation is conscious of the role that homes play in the nation’s overall energy usage and, as a result, demands greener homes. When bargaining with millennials, It is wise to highlight the home’s energy efficiency features.

Personalization

Millennials are looking for low-maintenance housing but also want homes tailored to their individual preferences and lifestyles. They desire classic charm and modern comforts and appreciate multi-purpose design.

Welcoming Neighborhood

All ages may agree on the importance of living in a place that makes them feel like they belong. For millennials, the most significant factor in choosing a place to live is the availability of a safe and welcoming neighborhood.

Many people today favor living in planned communities or housing tracts. They prefer a place that is both close to their workplace and has decent schools for their children.

Neighborhoods with public amenities like gyms, community centers with workstations, and cafes where they can work during the day are great for other millennials.

Millennials are taking over the housing market and looking for different things than previous generations. Since this group is now the largest group of home buyers, sellers and real estate agents should keep in mind things.

If they spend money on a new home in this market, they want to get a lot for their money. Attract them with spaces they can use for more than one thing, clear lines of sight, updated kitchens, low energy use, and a great location.