Millennials are more interested in buying homes than their counterparts. However, they are hesitant to buy due to their various financial challenges, such as student loans, credit card debt, and saving enough for a down payment. And thus, some millennials are more than happy to be renters at least for several years to come. Furthermore, even though this generation has been in a low-interest economy for a long time, they know that they still should count the costs before jumping into homeownership.
A reputable and reliable agency like call center recording software comparison that handles Calgary real estate, should know about these challenges, but they should also know that securing millennials for first-time homeownership is a top priority. Having said this, the following includes tips in assisting millennials with their first homebuying:
WIth Covid-19, the convenience of checking online, busy schedules, and more, having your home stand out online is the way to go. Doing this will increase your probability to significantly get a quicker sale.
A plethora of first-time homebuyers do not completely understand the home buying process thus increasing the level of feeling unstable or have an increase in anxiety. However, showing them that the process of homeownership is easier than think by providing them a simple overview of the home buying process helps significantly.
Millennials emphasize values, so a home that is within walking distance to a neighborhood coffee shop and other areas to experience and do other things is needed. Showing your home is within walking distance to such areas will go also increase their interest in your home.
Another value of millennials is technology. So, there should be rewards for technology offered to them when buying your home. For instance, providing smart home products with a price range from $1,000 to $5,000 according to the home purchase price will increase their interest in your home. Also, Amazon includes free in-home services, such as cleaning or hanging TVs.
These are just a handful of things you can do when attracting your home to millennials. For instance, millennials also like to have more personalized services along with technology They are looking for slightly smaller homes that are suitable to their lifestyles, like organic gardens or larger yards for pets. And as previously mentioned, they like location preferences where they can easily walk to various facilities or have nearby public transportation available. For more information about how to attract your home to millennials or other first-time home buyers, contact Calgary Real Estate today.
