4 Popular Factors Young People Look For In Homes

real estateThe average homebuyer is getting younger and younger and it’s affecting the entire real estate market. According to Realtor.com, about 61% of all 2017 homebuyers will be under the age of 35. It’s important to understand what makes this younger demographic tick, so here are a few real estate factors that younger homebuyers are looking for.

A home office
More and more people are working from home nowadays and millennials are leading this workplace trend. As Bankrate reports, because of the widespread technology use among young professionals, people are able to effectively get all their work done from the comfort of their own homes.

“Having a dedicated space is important because it will help keep them focused and concentrated on work while they are at home on a Skype call, planning a presentation, setting up their workday or simply paying bills,” said Lou Cardillo, of the Lou Cardillo Home Selling Team in New York.

An excellent location and nightlife
Although interior aspects like nice furniture and home offices are important, young people really want to make sure their homes are in a great area. Without a fun nightlife and exciting opportunities surrounding young homeowners, they aren’t going to enjoy their houses that much, even if they are amazing homes. As long as there are enough fun things for young professionals to do and an exciting nightlife with quality local bars and restaurants, they will love the area.

Luxury real estate options
This younger demographic will be looking for luxury houses for sale during their search for the perfect home. Although they want to live lavish lifestyles, they are still relatively tight on money as they are in the beginning of their careers. So they are still budgeting while searching for luxury property.

“The primary reason younger buyers seek updated kitchens and baths is because they have limited budgets,” said Jack Curtis, Ohio real estate agent.

The ability to customize
Although there are plenty of young homebuyers who would rather buy a home that is completely furnished and one that needs little or no work done, a popular trend among this demographic is major custom projects. Younger buyers want to put their personal stamp on their property and doing these household projects are great to add an individualized touch.

It’s important to understand how the younger generation is thinking about the property buying process. To learn more about luxury properties and find new homes in Philadelphia, contact West End Walk today!

The 3 Benefits of Neighborhood Walkability

new housesIf you’re looking for new houses for sale, you are probably focused intently on price, the home’s interior, and its actual location. Those, and others, and very important aspects of the home buying process. But if you’re serious about making an offer on one of the new houses you’re looking at, make sure you take a step back and look at another essential aspect of buying a home.

Walkability isn’t just something that homebuyers should hope for when looking for a new place to live, it should be a must. Whether you’re buying a small startup home or are considering luxury houses, the neighborhood’s walkability should be very high on your list.

According to a recent Urban Land Institute study, 50% of survey respondents said that walkability is either the top priority or a high priority in where they would be willing to live. Here are a few benefits of living in an area that has great walkability.

You’ll be able to have a healthier social life
As you walk around your new neighborhood, you’ll smile and wave to all your friendly neighbors. Perhaps these small greetings can even turn into friendships one day? But even if they remain brief, even these small greetings can benefit you because actually interacting with people has been shown to help raise happiness levels.

“Social connectedness generates a positive feedback loop of social, emotional, and psychical well-being,” said Dr. Emma Seppala of the Stanford Center for Compassion and Altruism Research and Education and author of the 2016 book The Happiness Track. “People who feel more connected to others have lower levels of anxiety and depression.”

You’ll be able to stay physically active
Physical activity has been closely linked with health benefits for years, so it’s best to get outside and walk around as much as possible. If you’re living in an area where you feel unsafe to walk around or you just don’t feel comfortable doing so, you’re going to end up being cooped in the house for too long and you’ll begin to feel the negative side effects of doing so. Rather than staying inside your home and avoiding your neighborhood altogether, get outside and walk around a nice neighborhood and enjoy the environment.

You’ll be able to stay safe outside your home
Perhaps the biggest factor in determining an area’s walkability is how safe it is. If you and your family are nervous about going outside because of high crime rates, that’s not good for anyone. Choosing a neighborhood that is safe to walk around in, however, will greatly benefit your entire family.

If you’re looking for new houses, take your time finding the perfect area. Don’t just buy a home in any random area that could be unclean or unsafe. Spend some time considering the neighborhood’s walkability. If you want to check out some safe new homes in Philadelphia, contact West End Walk today!