Organized Living Answers: What Are Millennials Looking For When Buying Their First Home?
Millennials; the generation of individuals born between 1981-1996, are rising above the stigma and settling down. In fact, according to Hanley Wood, millennial buyers make up about 40% of resale buyers and slightly more than 50% of new-homebuyers. So what exactly are they looking for in their first home?
CINCINNATI, April 30, 2020 /PRNewswire-PRWeb/ -- Millennials; the generation of individuals born between 1981-1996, are rising above the stigma and settling down. In fact, according to Hanley Wood, millennial buyers make up about 40% of resale buyers and slightly more than 50% of new-homebuyers. So what exactly are they looking for in their first home?
Storage, storage, and more storage! Millennials rank storage high on their list of most wanted features. In fact, laundry rooms, garage storage, and walk-in pantries rank in the top 5 of the most wanted features in a new home according to the 2019 Housing Economics Special Studies report.
As homes are decreasing in size, storage is top of mind for millennial homebuyers as they are seeking ample storage solutions to store their belongings. Builders are capitalizing on this opportunity to capture millennial buying power by offering storage and organization options.
Builders who embrace technology and understand the needs of millennials and the advantages of offering quality options are using Closet Selector® to manage their standard and upgrade offerings for closet storage throughout the homes they sell. Closet Selector is the revolutionary online tool that provides 3D renders of all the closet options. Builders can finally provide their homebuyers with storage options that meet their needs and budget. With the right technology tools and the right mix of products, builders can grow their business and increase sales.
"Builders love Closet Selector because it's a program that benefits them and their homebuyer first and foremost. Efficient storage matters to buyers of every age but millennials are giving builders a wakeup call. This is an option for homebuyers that cannot be overlooked. Closets matter!" said Theresa Finnigin, Vice President of Marketing at Organized Living.
Storage is top of mind for millennials when buying their first home. Even on their first day of move-in, millennials want smarter and better ways to store things. They are always looking to be and do better than the generation before. Smart builders are listening to millennials and their needs. Now is the time to seize the opportunity to add storage and organization to the selection and design process for all homebuyers.
To learn more about the products and programs Organized Living has in place to make storage and organization easy for builders, visit https://organizedliving.com/builders.
About Organized Living
Organized Living brings superior storage and organization to the world through strong products, strong people and strong brand, helping people organize their lives. From the closet to the kitchen to the garage, Organized Living offers high-quality, innovative storage and organization products that make everyday life easier and sells through professionally installing dealers across US and Canada, retailers and online retailers. http://www.OrganizedLiving.com.
SOURCE Organized Living
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