As millennials face increasing difficulties in the housing market, many are turning to remodeling rather than moving. The Times Square Chronicle reports that more than 25% of millennials are choosing to remodel their current homes rather than search for move-up homes. The publication reports that with growing families, many millennials are interested in maximizing space during remodels.
Size Matters
- Function first. Style is important, but if space comes at a premium, then function is the first thing on the millennial’s mind.
- Storage everywhere. Hooks against kitchen walls to hang pots and pans. Drawers under the couch. Pull-out closets. Cabinets against the ceiling.
- Natural light. Sometimes it’s impossible to create extra space. So why not the next best thing? Adding a window or skylight can give you the illusion of a bigger home.
Low Maintenance Beats Style
Millennials are big on homes that don’t really take much effort to maintain. They want practical homes built with eco-friendly products. Homes that are built with cheap and sturdy materials, rather than the stylish but overpriced stuff. Here are two examples of what we’re talking about:
- Hard flooring, not carpet. Carpets are expensive, get stained easily, will only be in decent condition for a few years tops, and it doesn’t look as cool as hardwood flooring.
- Metal roof. Tiles have the traditional vibe going for them, but they’re more annoying to maintain than metal roofing. And it doesn’t have to look worse either; many of the newer metal roof varieties are modern and slick.
The Times Square Chronicle also reports millennials favor smart technology transformations in their current homes, such as the addition of USB outlets, built-in speakers, motion sensors, and smart thermostats.
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