6 Upgrades Millennial Buyers Pay More For - and 1 Exception
Home sellers assume they must make some upgrades before putting their home on the market. While any deferred maintenance or extreme wear-and tear- issues should be addressed, major upgrades or updates may not net more money when you sell; especially with millennial buyers, who are looking for their first home in droves.
6 Common Upgrades Millennial Buyers Won't Pay Extra For - and 1 They Will
1. Professional Landscaping - Although a nicely maintained yard is attractive to all buyers, over-the-top landscaping with special hardscapes or fountains will not appeal to millennials.
2. Upgrades Utilities - You may appreciate the new plumbing, but buyers won't offer more for the latest systems.
3. HVAC - Again, new system are appreciated, but buyers won't offer more for the latest systems.
4. New Roof - A leaking roof will certainly lower the sales price but replacing one will not have the opposite effect.
5. Swimming Pool - Not only will millennial buyers not pay more for a pool, but they may shy away entirely considering the cost of upkeep and safety for the young children.
6. Trendy Home Decor - This may seem counterintuitive but adding the latest design features that will quickly go out-of-style can be a turnoff.
And finally, the one they will pay extra for? Solar panels. Younger buyers are conscious of their carbon footprint and are looking for environmentally-friendly options in their homes and lives. The millennial buyers are here, and understanding what they want in a new home will help sellers capitalize on this home's lives. The millennial buyers are here, and understanding what they want in a new home will help sellers capitalize on this fresh market of home buyers