What do millennials look for in their first home purchase that stands out from other generational groups?
One,
they’re looking for something that doesn’t look cookie cutter and
mass-produced. This raises the question, how can builders inject details
and customizable options into their homes that not only allow them to
turn a profit, but not look like what everyone else out there is doing?
There are some simple ways to inject good design without breaking the
bank. An example that comes to mind is the simple subway tile that we
used in the farmhouse. We took the most basic, inexpensive white subway
tile, added a dark grout, and it gives it a graphic punch. The dark
grout is the same price as white grout, and it really makes the kitchen.
This isn’t a new idea, but you don’t see it much in production builds.
Two,
Millennials want something affordable. There are so many TV shows out
there about renovating to provide income potential, but what about new
builds that offer an income suite already built-in? This income
opportunity can potentially take the sting out of taking on a new
mortgage, and builders need to get on board this idea. Think Airbnb,
think roommates, think mother-in-law suite. Not only do they want this
flexible space, but they want more entertaining space in general. This
includes space to entertain outdoors. You can see in both homes that we
extended the entertaining space to the outdoors and there is a sense of
continuation between indoors and out. This is why we carried the same
tile flooring outside in both plans.
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