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4 things Millennials Homeuyers Are Looking For

Whilst millennials have reshaped the housing market in terms of waiting longer to buy their first home; they are not as financially insecure or averse to homeownership as we are sometimes led to believe.

Some millennials used the pandemic to buy new homes using the various schemes on offer or took some time to move back home to raise a deposit for their future home. With high housing prices and a shortage of stock, it’s not an easy time for millennial buyers, but luckily as a generation, they know exactly what they want and how to go about it.

Eco-friendly and Sustainable. Reducing any damaging effects on the environment is increasingly important to these buyers, from air source heat pumps to electric car chargers, underfloor heating, solar panels, super energy-efficient utilities, excellent insulation, and innovative water-saving and recycling systems.
It’s all about the visual. Millennials are drawn to videos and expect to be able to virtually view a house before committing to a booking. They want to browse through photos, virtual tours and even drone footage to gain as much insight into a property as possible. They will also no doubt check for details and reviews on social media.
Great location. Millennials want to be in the heart of all things, including a safe neighbourhood with a good school district and a short commute to work. Our Meadow Court development in Iver has a lot of interest because buyers get the best of both worlds: an idyllic rural setting adjacent to Greenbelt land yet benefitting from being close to the thriving towns of Windsor, Uxbridge and Gerrards Cross.
Room for a home office is vital. Hybrid working is most likely here to stay. Millennial buyers at Misbourne House tell us they are looking for a property outside of London where they can work in a hybrid manner but also have access to outside space to relax and unwind after a busy day working. Smart home technology is a must, so anything that helps support that is a real draw.

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