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11
What Types of Homes Are Millennials Buying?
Many real-estate experts projected Millennials would rent instead of buying homes. Recent trends show the exact opposite.
Millennials and first time home buyers are purchasing the majority of homes in the Tampa Bay area.
What are they looking for in a home? Millennials are focusing on space. Most likely they are coming from renting apartments with less than 1500 square feet. We are seeing more purchases for homes in the 2500 square feet range.
Many millennials are purchasing properties with mother-in-law suites. They are renting this space or using it as a work from home office for additional income.
Contrary to earlier reports, millennials are starting to move away from the city. They are seeing the ability to get more living space and have less cost.
10
Aging in Place: Now and in the Future
Imagine being 80 years old, living on your own, single (whether divorced, widowed or always single).
You’ve lived in your home many years. You have many memories in the home, surrounded by things that remind you of this person or that one, special moments or special memories.
“I will die in my home” you tell anyone who brings up the subject of selling the home. And you mean it because you can’t imagine living anywhere else: a...
5
High Ceiling vs. Low Ceiling
As a realtor most of my clients have a laundry list of “must haves”, but often times they do not have a realistic view of what they can afford.
After our initial consultation most of my clients understand price per square foot and have a better understanding of their new price range.
One of the areas I ask my clients to consider is the size of the home. A 3/2/2 can be anywhere from 1,000sqft to 2,500sqft and feel very different once you are inside of the house.
One of my MUST haves are high ceilings. High ceilings can make a small space feel much larger. They can also invoke abstract thoughts and feelings of freedom.
According to Bloomberg businessweek 75% of people prefer high ceilings.
But more importantly can your house fit your 9ft Christmas Tree and all those presents?
3
Want a Pet? Buy a Home
The shelters are filling up with people that have to give up their pets. Why? Because many landlords do not allow pets.
In the Orlando area, less than 4% of properties said they allowed their tenants to have dogs and cats, according to a recent survey by the national online rental-listing company Abodo.com.
Apartments are the main culprits (with large apartment communities in Orlando). Miami had a 22% pet acceptance and Tampa had a 19% acceptance.
3
Use the Right Words to Sell Your Home Faster!
Listing agents give information about the property they are selling including amenities, neighborhood information, architecture and more. The words they use impact the days a property is on the market.
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