National Association of Realtors say that 60% of the buyers that will drive the real estate market in the coming years is the generation under the age of 33 and the slightly older Gen X’s. The bulk of the housing inventory will come from retiring and downsizing Baby Boomers in the next 15 years.
20.1 million senior and booming households will attempt to sell between 2015 and 2030, according to University of Utah researcher, Arthur C. Nelson.
What pray tell do our young buyers want? An updated home with a large percentage of homes built before 1990. What they don’t want is an older looking, outdated home. This will pose a challenge for our upcoming baby boomer sellers, should they be hesitant in improving a homes appeal.
Home staging, renovation and updates will continue to be an important part of marketing a home for sale — to boost a home’s value to appeal to younger buyers and sell fast.
The more a home seller knows how to appeal to buyers the better their chances for selling fast and for top dollar. Home buyers will be looking for homes that look their very best and stand out on from the competition.
Home Staging the Generation Gap Will Include:
- Home renovations and updates.
- Move in market ready homes.
- More closet and storage space.
- Open floor plans, home offices with up-to-date wiring and technology.
- Finishd basements.
- Energy efficiency.
- Hardwood floors and granite counter tops.
- Extra rooms.
- Upgraded kitchens.
- Media Savvy homes.
- Living spaces optimally designed for family usage.
- New Appliances.
- Quality and well-priced inventory.
Home sellers who consider buyer preferences when preparing a home for sale can make your property more appealing to a broader range of buyers to sell faster. Home staging will help to emphasize the space in a home by showing property to appear open, light, bright, spacious and use merchandising techniques that update and enhance the property to more likely attract top dollar.
Check out this article on what home improvements to make for the best return on investment.