What Millenial Home Buyers Should Look for Before Buying a Home

If you’re one of the many millennial buyers looking to enter the home market in 2016, you’ll want to make sure that the money you put towards a house pays off in the long run. A good investment can provide a nest egg for you to give to your children when you’re ready to retire, or it can be sold later on in life to pay for crucial expenses like college funds or a new home.

If you want to be sure your home is a good investment, follow this advice and you’ll be on your way to making a good buy.

Amenities

You’ve probably heard that the places one can expect to recoup the biggest value for the home are the kitchen and the master bathroom. That’s true because of how people live their lives. Larger kitchens mean more room to host guests. A larger bedroom means more storage space, and a place to relax and unwind after a rough day at work. Look for other amenities like a kitchen island, which is useful for food preparation. You might also want a walk in closet, especially in the master bedroom. In addition to the upgrades already in place, try to review what might need to be upgraded in the future, and keep a running tally of those potential expenses. That will tell you how much you’ll need to spend before you can have the house you truly want, because most homes won’t have every detail you want before you move in.

Think Outside the House

What’s around your home is just as important as what’s inside it. Is the area good for schooling? Those who want to start a family will need to know that. What about supermarkets? Some cities have a dramatic shortage of supermarkets, making it difficult to locate fresh produce or meat. You might also want certain chain stores or restaurants. That really comes into play when you’re crossing state lines, but even moving more than 50 miles can bring new chains into your life while ridding you of old ones. Be sure you scout the area thoroughly before you sign any papers.

Final Thoughts

Remember that a bit of DIY your new home into something unique, but you have to have the knack for that sort of thing. If you’re not into knocking down walls and serious remodeling, it might limit your choices when it comes to looking for a home. If the home you’re viewing fits these categories, it is most likely a great buy.
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Kuba Jewgieniew, the CEO of Realty ONE Group, is a data-driven sales professional with an impeccable track record for selling homes, lives and dreams.