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Top 5 Considerations for the Aspiring Millennial Homeowner

According to recent surveys undertaken by Fixr, Millennials now make up the second largest group of homebuyers and potential homebuyers right now, second only to Gen Xers. Millennials are also a fairly unique group of homebuyers, because they know what they want, and are less likely to settle for things that don’t fit their ideals.

If you’re considering buying a new home, pay attention these top 5 considerations you’ll want to make to ensure you get the right property for your needs.

Picking your Floor Plans and Layouts

The single most popular floor plan of houses being built today is the open format. This is often coupled with a single-story home, making these two floor plans the most popular among home buyers today, and Millennial home buyers in particular.

Before you begin shopping for a home, take stock of the type of floor plan that will best suit your needs. Is it a single-story open format? If so, you may find more competition for this type of home, as well as potentially higher prices depending on your area. Open floor plans are best suited to multi-functional spaces, something that many people consider important, but they aren’t always the best solutions for everyone, so consider your needs before choosing for aesthetics.

The Materials Matter

What materials are going into the home that you’re considering? Choosing homes that contain a lot of sustainable materials such as modified wood, bamboo panels, or reclaimed stone and wood can have a potentially lower impact on the environment, something that many Millennials care deeply about.

At the same time, make sure that you’re considering a home that has materials that are beneficial to your health as well. For example, choosing a home with hardwood plywood and cabinetry made without urea-formaldehyde is better for both you and the environment at the same time.

Unique Furniture Styles 

How do you plan on furnishing your new space? Homebuyers often dream of larger spaces than the rentals they may be currently occupying, but larger spaces need more furnishings to fill them.

Or, if you’re looking into a tiny home, you’ll want to consider handmade furnishings that can have multiple purposes, so that each piece can serve you in two or three different functions. In both cases, it pays to invest in quality amish living room furniture pieces that will last, so you aren’t forced to spend money on new furnishings again in just a few years’ time.

Durability and Maintenance

Whether you’re choosing a fixer-upper and planning to redo the works, or you’re purchasing a new that’s been recently renovated, you need to consider the durability and maintenance of your new home. Choosing materials that don’t require as much care, such as modified wood siding in place of pressure treated siding, means that you’ll have more time to enjoy your home and will spend less time and money on keeping it up.

Use of the Space

How you intend to use your new space goes hand in hand with its layout. It’s also important for how you intend to furnish it, and the materials you’ll use there. For example, installing a game room or theater room can be a great use of space, but depending on where you intend to locate it, you may also need to invest in acoustic panels to help keep its use from infringing on surrounding areas.

Open floor plans, which are so popular right now, also mean a more careful look at how you intend to use the space. It’s more difficult to look at once large room and divide it up into living, dining, and working spaces, so plan accordingly before purchasing furnishings or making changes to the home.

Consider Your New Home Options Carefully

Purchasing a new home is a fun, scary, wonderful, and overwhelming experience for nearly everyone. Add in the fact that most Millennials are purchasing their first homes with a list of ideals, and you will run into several considerations that need to be made to move forward properly. Weigh these concerns as you proceed toward your first home purchase to get the best new homeowner experience possible.

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