Those men and women from the millennial generation are now the largest segment of first-time home buyers. A full 66 percent of people who are purchasing their first home fall into this age group. Not only that, but millennials also comprise more than one-third -- 34 percent -- of the overall home buying market. It's crucial that you learn how to appeal to them.
1. Opt for an Open Floor Plan
Today's millennials love to entertain and have guests in their homes. In order to accommodate their desire to offer people the best chance to mingle and get to see everyone, they prefer an open floor plan to separate spaces. This is especially true when it comes to the kitchen, living and dining areas.
2. Updated Bathrooms and Kitchens
Millennials prefer that the home they purchase has already been updated instead of them having to do it themselves. In many cases, this generation will have to use nearly all of their savings in order to put the down payment on their new home. This will leave them with little money to make any updates or improvements.
3. Low Maintenance
While opting for low-maintenance features has always been a driving force for many home buyers, there is no generation that has embraced this concept more enthusiastically than millennials. Instead of spending their free time doing chores and home maintenance jobs, millennials would rather be entertaining or exploring their neighborhood's amenities.
4. Add Home Office Space
Remote work isn't just the trend of the future. It's the way many millennials advance their careers these days. Carving out a dedicated space means that these young home buyers can simply move it and set up their work station without any lag time.
5. Invest in Home Technology
Not surprisingly, millennials tend to be very comfortable with technology. Not only that, but they expect to connect with technology at every juncture in their lives. Opting for smart home features can help them save money, keep tabs on their investment and enjoy access to Wi-Fi throughout the home.
6. Aim for Energy Efficiency
Millennials want to save money while also protecting the environment. Solar panels and smart thermostats are just two ways to help them do that.
Many of the above tips will also make your home more attractive to nearly everyone who is in the market for a new home. However, they'll hold particular appeal for those who are millennials.
Finding the house of your dreams is a process that requires a lot of clarity, diligence, and patience. While it is possible for the first house you look at to be the ideal choice, it's a lot more likely you'll have to look at a dozen or more houses before finding the one that matches your requirements and feels like home.
Whether you're searching for your first home or your tenth, your decision will primarily be based on four factors: affordability, practicality, emotional appeal, and prevailing market conditions.
Affordability is a vital element in the mix because it's difficult to enjoy a beautiful new home if you're always stressed out about whether you'll be able to make the next mortgage payment! Developing a realistic and well thought-out budget is one of the first preliminary steps involved in launching a full-fledged search for your next home. In addition to being able to cover your current expenses and the cost of mortgage payments, you'll also want to ensure that there's a cushion in your budget for things like home maintenance, repairs, improvements, HOA fees (if applicable), property taxes, school taxes, and homeowner's insurance.
As far as practicality goes, your new home should -- at the very least -- live up to your basic needs and expectations. Ideally, all systems should work properly and be in good condition. Proximity to key locations, such as your job, shopping, and essential services can also have a direct impact on your quality of life. Long commutes, cramped quarters, or being buried by an avalanche of repair bills can definitely take some of the pleasure out of home ownership!
The majority of houses you'll look at will probably need some degree of updating, decorating, or repairs, but ideally, you'll want to tackle those projects over the next couple of years, rather than the immediate future! Having an experienced home inspector do a thorough inspection of the home you're interested in will help ensure you're not buying a home riddled with flaws, headaches waiting to happen, and other problems.
Although cost and practicality are vital aspects of buying a new home, you can't (and wouldn't want to) ignore factors such as aesthetics and emotional appeal. If you can't imagine you and your family living in and enjoying a house you're considering buying, it might be time to continue your search elsewhere! The house you ultimately choose should support your lifestyle, provide sufficient space for your family to grow and thrive, and be situated in a neighborhood in which you feel comfortable and safe.
To make the most of your available time and money, find an experienced real estate agent who's responsive to your needs and knowledgeable about the local real estate market. They will help you streamline your search, find houses that meet your criteria and negotiate the best possible price on your behalf.
There’s no doubt that we all have our preferred colors, whether it’s for our cars, our clothing, or our homes. However, there are colors that are favored over others--colors that work well in any environment.
When it comes to painting the inside and outside of your home, good colors decisions can make your home appeal to more buyers and get you higher offers.
In today’s post, we’re going to talk about which colors are ideal for your home if you’re hoping to increase its purchase value.
General rules for choosing paint colors
While there are specific colors and techniques for each room of a home, there are also general rules that apply to painting in general.
First, note that it is pleasing to the eye if a room transitions from dark to light vertically--the floor being the darkest, the wall color in the middle, and the ceiling the brightest. While we can’t say with certainty why that is, a good guess would be because that’s house things usually appear in nature, with the sky being the brightest thing in your line of sight.
Next, understand that painting with darker colors and matte finishes may make a room appear darker and smaller. Glossy or semi-gloss paint with bright colors will reflect more light and make a room look and feel more spacious.
You may have noticed some homes tend to have a continuity to them that is hard to explain. There’s a good chance this is because of the colors used. Having a color palette for your home that uses different shades of a color is a good way to tie the whole home together
Finally, while there are many colors that will work in various rooms of the home, blue happens to be the most preferred color to new buyers. It’s a safe bet that a light blue will work well if you’re at a loss for what color to paint a room.
Next, let’s take a look at each part of your home to find the best colors to use.
Exterior. Choosing exterior colors, such as your siding, doors, and trim can be a difficult decision for most homeowners. It’s a good idea to stick with colors associate with the architectural style of your home. Also, be sure to take note of the colors in your neighborhood--you don’t match your neighbors completely, but you don’t want to stand out too much either. A good way to differentiate your home is to use a bold accent color on your front door or shutters.
Kitchen. The kitchen should be a warm and welcoming place. Colors like white, gray, and light red all work well in the kitchen. Choose a color that doesn’t overshadow your appliances and cabinets--let those be the bold colors of the room.
Bedrooms. Bedrooms, especially children’s rooms, are a place where you have more room to experiment with fun colors. Nearly any color can work in a bedroom, even darker colors, if complemented by light-colored decorations and furnishings. If your master bedroom has a bathroom connected to it, try using the same or a color that will complement the bedroom.
Home office. Offices are surprisingly versatile. Many different styles work for different people and their vocations and hobbies. If your home office has a classic look--wooden desk, gold lamps, etc.--a brown or tan color will work well. However, if the office is more modern and creative, a white, gray, or bold green or blue are fitting.
Bathroom. For the main bathroom, use a bright color as bathrooms tend to be one of the smaller rooms in a home. Bright colors are also easier to work in the mirror by to improve lighting.
If you plan to purchase a house in the foreseeable future, it generally is a good idea to plan ahead for all of your potential homebuying costs. That way, you can secure the funds you need to purchase your dream house.
Now, let's take a look at three costs that every homebuyer needs to consider during the property buying journey.
1. Credit Report
A lender likely will request a verified credit report before it provides you with a mortgage. The fee for a credit report usually is minimal, but it is important to note that this fee adds to the overall cost of purchasing a house.
Oftentimes, a homebuyer can get pre-approved for a mortgage and pay a credit report fee prior to conducting a house search. On the other hand, if a buyer wants to secure financing from a lender after he or she discovers the perfect house, the cost of a credit report may be incorporated into this individual's home closing costs.
2. Home Inspection
A property inspection is crucial, as it ensures a property expert can analyze a house and identify any underlying problems with it before a buyer finalizes his or her home purchase. As such, it is paramount to account for home inspection fees to ensure you have the funds available to hire an inspector who can perform an in-depth evaluation of a house.
The cost of a home inspection varies based on the size of a residence. Meanwhile, there is no need to forgo this evaluation. Because if you ignore a home inspection, you risk encountering costly, time-intensive problems after you buy a residence.
3. Pest or Mold Inspection
A pest or mold inspection is not a requirement if you purchase a new house. Conversely, if you purchase an older residence, it typically is beneficial to inspect it for pests and mold prior to finalizing your house purchase.
Pest or mold inspection costs vary based on a home's size and location. And if you feel a home may be susceptible to pests or mold, you should pay the necessary fees to conduct a pest or mold inspection. Otherwise, you could encounter home pests or mold that may cause major problems down the line.
As you prepare to pursue your dream residence, you may want to hire a real estate agent as well. If you have a real estate agent at your side, you can receive comprehensive guidance as you navigate the homebuying journey.
In addition to teaching you about homebuying costs, a real estate agent is happy to educate you about all aspects of the housing market. Plus, a real estate agent will respond to your homebuying queries and help you make informed decisions as you search for your ideal residence.
When it comes to purchasing a house, it helps to budget accordingly. If you consider the aforementioned homebuying costs, you can craft a homebuying budget and speed up your quest to discover your dream house.
Nothing completes an open floor plan better than open shelving. Open shelves present everything for the world to see. They transform what may be a cluttered, dark, hidden space into one that becomes a place of not only function but of style.
Open shelving complements the Minimalist, Industrial or Scandinavian Modern styles. But depending on how you arrange on those shelves, it can also work with those who love something more cozy like Rural or French Country.
On the other hand, open shelving isn't for everyone. Some prefer the convenience and privacy of tucking items away behind closed doors. They feel less need to continually ensure everything looks beautiful on those shelves. And if you live in an arid climate, doors protect dishes, cans and boxes of pasta from the dust that tends to settle.
Doors vs. shelving? That's the question you'll need to ask yourself before making a change. But if you're ready to transform your cabinets to open shelving, here's how it's done.
Clear Your Cabinets
Get everything out of the way. That includes removing those doors, which should simply require a screwdriver. Already, you'll begin to see your open shelves taking shape.
Fill Any Holes
You won't need them since you're not replacing the doors. Fill any holes with wood filler. If these look uneven, hand sand them. But paint will cover up most of the imperfection.
Remove Center Braces
A cabinet with more than one door will likely have a piece of wood where the two doors come together. You don't need it. Remove it with a saw and hammer.
If you find any nails or staples left behind, you may need to pry them. But sometimes you'll find they've been driven in too far. If there's nothing that the claws of a hammer can grasp, force the nail back through the wood. It should only take some careful whacks to the sharp side with your hammer.
Paint Your Shelves
You choose the color. But why stick with one? Open shelves are the perfect opportunity to add contrast. Try painting the inside a dark color like navy, black, dark gray or red. Then paint the outside a complementing light color, pale gray or white.
Whatever you do, don't forget to seal the paint with a polyacrylic. It reduces the risk of water damage and strengthens the paint so that it's less likely to chip or fade.
Let It Dry & Organize
Don't place anything on the shelves for at least 48 hours. But once that timer dings, you're ready to assemble. If you have more dishes than you can presentably place on the shelves, ask yourself if you need them. Less is more on open shelving.
We hope you enjoy your new open shelving. To learn more about home maintenance and design, follow our blog.