ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

What younger home buyers have on their wish list

Updated on March 11, 2017

2015 National Association of Realtors®study on home buyers showed that younger home buyers make up 32% of the first-time home buying population. On average they will look at fifteen homes before deciding and will be able to put down at least 20 percent of the price. The study also revealed that many of the younger home buyers purchase with the idea of staying in the home for at least 10 years, this could be one reason their wish list is longer than most first-time buyers.

Whether you buy a older home of modern home, it will be an investment in your future.
Whether you buy a older home of modern home, it will be an investment in your future. | Source

Waiting for the right time

Each year the real estate market opens its doors to a new generation of home buyers that are younger and more savvy than the last. Many of todays young home buyers rent or live at home for more then six years before they take the leap into homeownership. This is due to the fact many feel they have no need to own a home till they are married or have a significant other in their life. While others comment that they are experiencing a financial struggle to obtain a down payment plus closing cost, struggling to pay off college expenses, or want to make sure their professional career is well established and they can commit to the life-changing investment of homeownership.

Open space and wooden floors.
Open space and wooden floors. | Source
Tech ready home office space is a big plus for younger home buyers.
Tech ready home office space is a big plus for younger home buyers. | Source

Long wish list of features

When the younger generation decide to take the leap into homeownership they have a long wish list of features they want, the only thing is their list may not be within the sellers pocket book or within their own budget, so they have to learn quick to compromise between what they want and what they need. Like so many home buyers they search in locations that they feel will be best for their life style. Many feel if they buy a home with easy access by bike, car or by walking to restaurants, work, entertainment, possible schools or colleges, groceries, and fitness centers they can save on expenses without giving up some of their pleasures. When it comes to the house, younger home buyers look for easy and low maintenance exteriors and yards and would sooner do without any kind of remodeling projects inside or out.

Remember to stay inside your budget when looking for home with a pool.
Remember to stay inside your budget when looking for home with a pool. | Source

Great Extras

Younger home buyers are big on entertaining so they will be looking for open spaces both inside and out, which means a full finished basement or entertainment room inside the house and a spacious deck or patio area outside will be high on their list. Other items on their wish list inside the house beside a open floor plan will include; an open large kitchen-dining area with energy efficient stainless steel appliances and marble or granite counter tops, two or three updated bathrooms, and a spacious master bedroom with updated private bathroom and large walk-in closets. Many of the younger home buyers have jobs or businesses that allow them to work from home so having one, possible two rooms that can be used as a home office, compete and ready for their tech devices, will be highly desirable.

Extra wants cost, check the budget

As with any home buyer the new generation of home buyers would like all the extras they can get for their buck but unfortunately the extras usually carry a price tag above their budget. Items as simple as a dishwasher and/or a small wine cooler could add $500 to the price of the house, while that energy saving tankless hot water heater and/or that cozy gas fireplace could add another $1000.00 to $1500.00 to the price. Everything has a price tag and the younger home buyer needs to be aware that the longer their wish list is the bigger the price tag. This is why most real estate agencies recommend that it is best, before you even start looking, to sit down and figure out every penny of your budget and write up a list of what is really needed and what would be nice if it's within that budget. That's not to say they can not luck out and get some of those items on their wish list like for instance; those wood floors throughout, swimming pool, LED lighting or maybe even that vegetable/flower boxes ready for planting outside within the budget. Compromise is the key and be prepare to deal with it; remember it might be your first house but it does not need to be your last house.

Would you go over your budget to have a swimming pool?

See results

How do you feel?

Which do you feel is better?

See results

How much would you go over your budget to get everything you want?

See results

Rent or Buy a home in your 20's?


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)