Real Estate Agent Guide to to Targeting Millennial Home Buyers in Kenya
Millennial home buyers have entered the housing
market in a big way and are beginning to make up a bigger population of homebuyers. This trend is bound to continue. Now
is the perfect time to invest in this target audience by customizing your
properties for sale to appeal to their expectations, needs and wants. Following
these tips will help you with more bids from potential buyers, and possibly
sell your home quickly and for more money.
Below are some tips to follow that will help you sell more homes to
Be available online.
Take good listing photos.
Build Smaller Houses
Adding Smart Home Technology
Adding a Home Office
Utilize Open Plan Spaces
Choose Low-Maintenance Materials
Pick the right Location
Be available online.
Most millennials start their search
online. Your online profile is the first impression they will have of you. Having
a Facebook page is an easy start where you can list your properties. We have
created a guide on best
practices that you can use as a real estate agent.
A website will also help where you can
provide more details about you or your company. We have several websites
designs we can share with you, just contact us.Millennials like using their phones to search for real estate.Therefore, always make your listings are well seen
Take good listing photos.
people start their search online, having
good property photos will create a good first impression and increase the
chances of potential buyers coming in person. To appeal to millennial visitors, ensure you have
high resolution images on your listings.
Remember, this loves technology and the more up-to-date and advanced your website looks, the better.
Build Smaller ‘Green’ Houses
Millennials prefer small size houses. Apartments are thus getting more buyers than
bungalows. Millennials realize the benefits of smaller homes: less maintenance, fewer expenses,
and more energy-efficient. For new builds, millennials prefer a well-designed,
smaller home that’s functional for their lifestyle. Remember to make the home eco friendly.
4. Add Smart Home Technology
Adding technology to the home will excite
millennial buyers into purchasing your home. Ensure the home has amenities like Wi-Fi or cable
internet. Other items like cable TV are a must. You could also have smart
technology on appliances like security that allow homeowners to
conveniently control their home from anywhere as well as reduce their energy
5. Add a Home Office
With more and more people
working from home, adding space that can be double up
as a home office is a plus to
many millennial homebuyers. Creating this space allows these millennial
homebuyers to have a designated area where they will be able to work from home
easily and comfortably.
Open Plan Spaces
Open plan living isn’t a new thing, but millennial home buying trends are making it more popular than ever. Millennial home buyers in
Kenya love socializing and hosting their friends. They are then attracted
to large, open spaces that can accommodate a group of people where they
can mingle with, have fun. When building homes with millennials in
consider the idea of an open
a nice spacious living area. Tear down a wall or two to create a more open look.
7. Choose Low-Maintenance Materials
homebuyers are interested in low-maintenance homes. Millennial homebuyers in Kenya do not want to spend their time on significant repairs, home-maintenance or
even cleaning their homes. They prefer things that will last and are easy to
maintain. For example, they often prefer wooden floors that are much easier to keep clean than carpets. The key is to balance gorgeous decor with low maintenance.
the right Location
estate is always about location. Millennials are a generation of convenience. Besides the features of the houses you are selling, young people will always consider the location they
will be moving to. They always love places where they can engage in different
activities, good attractive things like the gyms, restaurants among many more.
At times they would prefer taking public transport. Consider how easy is it to get public transportation in the
the house located close to a bus stop?
9. Focus on Outdoor Spaces
Millennials spend more time outside driving demand for usable outdoor spaces including lawn gardens, patios, and even balconies. If you have access to the outdoors in your property, make sure that it’s well advertised. We’d also recommend showing how the space can be used to give potential buyers inspiration for what they could do with a space. You can do this by placing a couple of garden chairs and a potted plant or two.
Millennials have a different attitude when it comes
to homeownership compared to other people. While the older generation is
looking for a good home that will provide stability where they can stay for a
long period of time, millennials want to live in places where they can easily
access their jobs while maintaining their social lives. This means that they consider living in places
where they can move quickly and manage their errands without
wasting time. Proximity to malls and entertainment spots is a plus.