Millennial mindset towards lifestyle at homes

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What Millennials Want In A Home Bangalore, being
the Tech-hub of India, is also one of the most
preferred places among millennials and generation
Z. An ever-growing IT industry, continuous flow
of foreign investment, and immense growth
opportunity are probably reasons for such a high
flock Millenial drive into the multi-ethnic
cosmopolitan city. With such large demography
being dominant by the millennial population, it
is evident to impact every sphere of life,
including the real estate in Bangalore. The
younger generations have different choices and
preferences regarding buying a home or
conceptualizing a dream home. It is not hidden
that their life is fast-paced and revolves around
modernity. Hence, it is evident that these
elements should be incorporated into the homes.
More than homes, the millennials prefer
ready-to-move apartments in Bangalore. Although
they desire some of the same things similar to
their parents, their choice of amenities also
dramatically varies in several aspects.
So, here are some of the critical points that can
underline what the millennials want in a home.
The real estate developers in Bangalore and
everywhere else should also keep in mind while
developing properties that can indeed be called
the millennials home.
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The millennials home What the builders should
focus on Real estate companies in Bangalore face
new challenges as more millennials enter the
housing market. Millennials are purchasing homes
later in life than previous generations, and they
are preceding many of the standard features that
their parents desired. The desire for
multifunctional and community spaces and homes
with modern, sustainable elements is a millennial
trend. Excellent location Some things remain
constant across generations, such as the
significance of the location. According to
studies, millennials prefer to live near their
places of employment and recreational activities.
When it comes to choosing a home, this is a huge
deciding factor for them. You'd think that cities
would accommodate this request better than the
suburbs, but that isn't always the case. People
in their twenties and thirties are less likely to
live in cities. This shows that an urban
lifestyle isn't always the best fit for this
generation. Outdoor Spaces Seventy-five percent
of millennials want relaxing outdoor spaces,
according to Traditional Home Editor-in-Chief
Jill Waage. This includes amenities like
vegetable gardens, decks, and fences. Spend some
time focusing on curb appeal when preparing your
home for the millennial buyer. Is there enough
room to relax or host an outdoor gathering? It
doesn't have to be a huge backyard with a white
picket fence, but it should be a place where
potential buyers can relax with their friends (or
a good book). There are a lot of great
landscaping ideas for small yards. Consider
whether there are any outdoor extras you could
include with the purchase. Is it possible to
include a grill? What about the lawnmower on
wheels? When it comes to potential home buyers, a
perk can make all the difference. Large
Kitchen One of the top priorities for millennial
homebuyers when looking for a home is a large
kitchen. Millennials prefer open floor plans with
the kitchen, dining, and living areas all
connected, whereas Gen X and baby-boomer
generations preferred formal dining
rooms. Community, cooking, and entertaining are
important to millennials. A huge selling point is
a large kitchen and open floor plan, including a
kitchen island and informal seating. Modern
conveniences While most millennials aren't
concerned with space, they want their homes to
have modern, high-functioning amenities. This
includes appliances such as dishwashers, washers,
and dryers,
as well as exercise space. When it comes to
selling a condo, having access to personal
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amenities isn't always necessary. According to a
study by the National Association of Home
Builders, more than 80 of millennials want
laundry rooms, hardwood floors, patios, and
garage storage. Another amenity that millennials
are interested in is home automation. Many people
want the same level of interaction with their
homes as they do with their smartphones. Smart
homes come in various configurations, including
automated security, heating and cooling,
lighting, and so on. Start thinking about ways to
make your home more tech-savvy if you want to
appeal to millennials. Eco-friendly
design Millennials are concerned about their
home's environmental impact and overall energy
consumption. Consider how your home can fit into
that narrative when marketing it to millennial
buyers. There are numerous methods for making
your home more energy-efficient, many of which
can be implemented quickly. These changes will
not only appeal to their values but will also
assist millennials in saving money. Low
Maintenance Everything must be quick, efficient,
and long-lasting for millennials. They're a
microwave generation, and they value convenience
above all else. Consider renovations that appeal
to the utility-conscious millennial when
preparing your home for sale. Consider hardwood
floors instead of carpeting, which stains easily
and requires frequent vacuuming. Similarly, they
might prefer synthetic or composite decking to a
traditional wooden deck. This option, which is
frequently made of recycled materials, will only
require a periodic clean with soapy water. These
low-maintenance alternatives can even be used in
the yard. Consider xeriscaping, which is
low-maintenance and requires less mowing time in
the summer. Spaces with Multiple Functions While
we can't categorize all millennials into one
group, there appears to be a trend toward more
open interior layouts that can be used for
multiple purposes. They do this for a variety of
reasons, both social and practical. This allows
them to engage in casual conversation with
visitors throughout the house in terms of social
interaction. They're not just limited to hosting
in the dining room. They have the freedom to
move around the house and entertain on their
terms. The conclusion Considering the
millennials requirements are essential for real
estate companies across India to give the
construction industry a new trend. Companies like
Mana Projects have already started the trend and
are already focussing on futuristic homes(Check
out Mana Capitol). Other real
estate companies and builders still have a long
way to go in this trend.
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Undoubtedly, millennials will be the most
significant demographic category active in
property transactions in the coming years. Hence,
the sooner the real estate industry understands
that, the better will benefit all stakeholders.