Millennials

These Home Improvements Matter Most to Young Adults

For the past five years in a row, it has been determined that due to the Millennial generation, who represent the largest share of the home buying market, has resulted in a seismic shift in the real estate market.  

Now that Spring is in full swing, Home Sellers wanting to make that fabulous first impression towards Millennials (and anyone else for that matter looking to buy a new home) a memorable and successful one, now is the time before the hot summer months arrive.

Following is an article addressing those key improvements a homeowner can make to capture the eye of young adults searching for that perfect home.

 

By Patti Stern

Millennials, who make up the largest share of home buyers, are looking for properties in move-in condition and want to avoid the expense of significant repairs, according to National Association of REALTORS® most recent Home Buyer and Seller Generational Trends study. As such, sellers may want to invest in updates that will be most appealing to these younger buyers. Our list below features the top modest home improvements to get your home noticed and boost its perceived value in a competitive market. 

Enhance Curb Appeal

Make the best first impression for buyers—even before they step foot in the door—by investing in the exterior of the property by sprucing up curb appeal:

  • Remodeling Magazine’s 2020 Cost vs. Value Report lists replacing siding, garage doors, entry doors, and windows as the upgrades with the greatest return on investment.

  • Refresh landscaping by trimming bushes, weeding, eliminating dead shrubs/trees, and manicuring the lawn. 

  • Power-wash and make any necessary repairs to siding, windows, walkways, and steps.

  • Enhance the entry with a fresh coat of on-trend paint color for the front door, and update or clean all outdoor light fixtures. Finish with a colorful welcome mat, fresh wreath, and seasonal potted plants.

 

Refresh the Heart of the Home 

The 2020 Cost vs. Value Report also lists minor kitchen remodels as a top investment for resale. Our top kitchen upgrades for an instant boost include:

  • Introduce modern lighting options with fixtures in different materials (metals, woods, rattan) and geometric shapes.

  • Swap out dated faucets and cabinet hardware for more contemporary, full-functioning styles in trending finishes, such as matte black, brushed brass, or polished nickel. 

  • Rather than completely replacing dark, dated, and worn cabinets, simply repaint them in a bright white or soft gray hue to brighten and enlarge the space.

  • Replace or refinish damaged or dull hardwood floors to make the room shine.

 

Give the Bathroom an Update

Potential buyers evaluate bathrooms both functionally and visually—the colors, the style, the layout, the amenities, and the fixtures.

  • Start by fixing leaky faucets and shower heads, worn caulking, broken toilets, or chipped tile.

  • Replace outdated lighting in modern designs and finishes to instantly set the mood and add sophisticated style. Pair with matching hardware and faucets to complete the look.

  • Change out damaged and dated countertops with marble or quartz and/or paint darker-colored vanities with an on-trend neutral or soft color (the robin egg blue pictured above is a perfect example).

  • Be sure the wall and/or tile color is soft and soothing to give the room a spa-like appeal.

 

Revive the Dining Room 

Buyers want to envision where they can entertain guests. Be sure to present the dining room as spacious, inviting, and elegant. 

  • The best way to make the space feel larger and enhance the room’s features is by covering dark walls with neutral paint. It will also pair well with bright white crown molding and/or wainscoting for an added touch of elegance.

  • Replace traditional chandeliers with chic, contemporary fixtures to set a more sophisticated tone.

  • Spruce up your dining room table with a stylish table setting to help buyers envision their own dinners here.

 

Create a Master Bedroom Retreat 

Make the master bedroom feel like a cozy getaway with these simple changes: 

  • Remove and/or replace heavy draperies with simple, sheer white curtains or shades that allow for a little privacy while letting in natural light.

  • Install stylish ceiling and bedside table lighting.

  • Deep-clean soiled carpeting to restore plushness, or add a neutral, textured area rug to hardwood floors.

  • Layer fluffy, white bedding with accent pillows and soft throws in different colors and patterns.  

Once all the updates are complete, you can hire a professional home stager to add in some finishing touches before listing the home for sale. Home stagers can add inviting, modern furnishings and accents that set out to help buyers emotionally connect with a home. 

 

Patti Stern: Patti is a principal of PJ & Company Staging and Interior Decorating. 

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com (link is external)