For the generation that is waiting the longest to buy a home, they appear to be the pickiest too.
According to a new data set from the National Association of Home Builders, Millennials care just as much (if not more) about what they want in a house rather than what they need.
And even though Millennials carry loads of student debt, they still want to live out the American Dream in a home, whether it’s rented or not.
The NAHB asked recent and prospective homebuyers about the features they want in a home and a community. Homebuyers were asked to rank more than 175 features in a home on a four-tiered scale of do not want, indifferent, desirable, and essential/must have.
The most popular specialty room, other than a bedroom, bathroom or kitchen, is the laundry room, with 50% saying it’s an essential while 36% said it’s more desirable.
On the bottom of the necessity list is breakfast nook and sunroom. Of those surveyed, 19% said both were an essential and 39% it’s just a desirable.
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.