If you are looking to sell your house and your property is an older one, now is the time to think about simple updates you can implement to appeal to a whole new generation.
The Australian property market has experienced an influx from millennial first home buyers in the last few years. The demand from this demographic is particularly strong at the moment due to the introduction of incentives like the HomeBuilder Grant, the First Home Owners Grant and First Home Loan Deposit Scheme.
Here are some of our tips on how you can make your home more attractive to the millennial market.
1. WORK SPACES
In this day and age, having a dedicated study or work space within your home is essential, and never more so than now with many finding themselves working from home due to the Coronavirus pandemic. This trend will likely extend into the future with many continuing to work from home by choice and necessity. This lifestyle is not only on the rise for millennials, it’s becoming the norm for everyone. If your house has a working space set up, it becomes much more appealing home buyers, allowing them to envision their lives in your home without an extensive renovation plan. Make sure you have plenty of powerpoints for electronics, a desk space and ideally a window for lots of natural light!
2. NEUTRAL COLOURS
These days loud colour schemes are not as desirable as they have been in generations past. Staying with a neutral colour palette is the safest bet from a selling perspective. Not only is everyone’s style different these days, trends rotate so quickly, there is no chance you can keep up with all of them. Having a minimalist palette allows the new home owners to easily and favourably envisage their own decor within the home.
3. STORAGE SPACE
Storage space is a plus for everyone, especially the millennials. While pursuing the minimalist style is all well and good, to keep a space neat, having somewhere to keep all your belongings involves smart storage techniques. If your house already incorporates this, then great! If not think about how you could add in some extra storage before putting it on the market to up the appeal.
4. OPEN PLAN CONCEPT
In the past single rooms, each serving a different purpose were the norm. But these ideas are changing; today’s buyers prefer an open floor plan where all living areas flow seamlessly together. Traditional trends of organised living are evolving into something much more versatile and it is important your house has the ability to adapt. Knocking down a few walls may open more doors than you started with!
5. LOW MAINTENANCE FEATURES
The millennial generation may seem intricate and complex, but don’t be fooled; they crave simplicity. Weekends are more an opportunity to catch up with friends rather than tend to the to-do list. When selling to the younger market, having a low maintenance house is ideal. Priorities have changed and the upkeep of house features are no longer considered high importance.
Whether you are looking to upsize or downsize, iBuyNew can help. Get in touch with one of our friendly sales consultants today and let us help find a new home to suit all your requirements.