If you’re a Baby Boomer selling a long-time family home, you need to get in the mindset of your not-so-distant youth and think of desirable property traits when you were looking for your first home.
Sell your Oxford home by understanding the features Millennials are seeking
A grand home with lots of land may not be the best fit for a young, first-time home buyer.
Millennials want a smaller space to maintain. As the home is larger, it will require more work to maintain. Young, first-time buyers like the easy life. This will also include a smaller parcel of land. Some people prefer to live away from Oxford in a secluded location with more land as a status symbol. Yet, Millennials will likely prefer less land maintenance.
Young home buyers also like turn-key features. Do not leave a large number of the fixer upper tasks to be completed by the next buyer. Millennials will view the property as a money pit. These buyers are not viewing the home as a lifelong spot, so customization is not in their interest. Overwhelmingly, the Millennial buyers prove to be a more transient generation than the older generations and look to move after a few years.
Millennials prefer Location above all
Young home buyers want to be in the thick of the action in the town. In the preference of buyers in today’s real estate market, they choose to live closing to the amenities and features of Oxford. This will mean having a home located walking distance to downtown or parks, near the bus route, and a short commute to work in Oxford.
If your home doesn’t have these features, it does not mean your home will not sell your Oxford home to a Millennial. However, it will likely mean that your target market may be a young millennial family looking for your unique property.