Advertiser Disclosure

Buy This, Not That: Which Home Amenities Beloved by Millennials are Worth It?

man installing solar panels

Millennial Homebuyers Love these Amenities, But do they Add Home Value?

When it comes to what homebuyers are willing to pay top dollar for, you’ll find different priorities between generational groups. Millennials, the newest set of homebuyers, are willing to do more research and have a thorough understanding of what they want. But are the most popular home amenities among Millennials a good investment? Here are some of the most desired home features among Millennials, including a quick take on whether you should get them or go in a slightly different direction.

Technology

What You Want: A Smart Home

Millennials want Smart Homes. In fact, 86% of Millennial homebuyers say they would pay more for a property if it has Smart Home technology. Tech-savvy systems can certainly add value to a home in certain scenarios. On the other hand, some homebuyers may have privacy/data concerns when it comes to buying a Smart Home. In other words, creating a Smart home could end up hurting you when you go to sell it if there aren’t a lot of tech-loving buyers in your area.

What You Should Get: Smart Electronic Add-Ons

You don’t have to wire your entire home to be a Smart Home to take advantage of convenient technology. Amenities like a Smart doorbell, home cameras, and Wi-Fi enabled appliances can be easily uninstalled if the next potential buyer has reservations. They’re not as likely to thwart a future sale. Plus, individual Smart systems are cheaper than a fully wired home system (and you can install most of them yourself).

Flooring

What You Want: Hardwood Floors

Millennial homebuyers prefer hardwood flooring over carpeting. Not only are more than half of all homebuyers willing to pay more for a property with hardwood flooring, but 25% of Millennial buyers say hardwood floors are a “very important” factor when looking for a place to purchase. Hardwood floors are more likely to increase your home value than not.

What You Should Get: Laminate Flooring

Even though the allure of hardwood floors is hard to resist, you should consider laminate flooring instead. Made of particle board (compressed wood) with a top layer of wood veneer, laminate is significantly more affordable than real hardwood in most cases — and it looks just as authentic. Bonus: laminate is often more resistant to scratching and easier to clean. Because it’s so low-maintenance, it might actually add more value to your home than real wood.

Energy

What You Want: Solar Panels

Solar panels are almost always a good investment, and they’re coveted by Millennials. Not only are solar panels an environmentally friendly way to power your home, but they reduce your utility bills (and sometimes eliminate them altogether). Plus, they increase home value. Solar panels in states, including California, add an average of $18,000 to the home value of a medium-sized home.

What You Should Get: Subsidized Solar Panels

We’re not here to talk you out of solar panels, but don’t forget about tax credits and state incentives! You can get subsidized solar panels no matter where you live. Millennials who take advantage of rebates and incentives on their solar panels will see an even bigger profit when they sell their home later.

Deciding which upgrades and amenities are worth getting as a first-time Millennial buyer is a little intimidating. With the help of DIY options and affordable alternatives, you can increase your home value without emptying your savings!


Man on computer

Everything for your move, all in one place

Curate your personalized moving checklist, set up TV & Internet, and more with a free MYMOVE account.

Get Started

Already have an account? Sign In

View our Privacy Policy

Related Articles

A State-by-State Guide to Changing Your Voter Registration Address

Did you move this year? Do you plan to vote in the November election? If you answered yes to both of those questions, you need to complete your voter registration change-of-address.  Voter registration is handled at the state level, not the federal level. That means if you moved to a new state, you need to […]

Read More

What is Peak Moving Season?

Whether you’re moving to begin a new job, start school, live in a bigger house, or some other major life event, one thing is true — you’re not alone. MYMOVE data finds that one in five U.S. households move each year. That adds up to 24.1 million moving households annually!

Read More

Shared Dorm Room Items to Coordinate with Your Roommate

Deciding what to bring to college can be overwhelming, not to mention that dorm room space is at a premium. The great news is you and your roommate don’t have to attempt to fit two of everything in your tiny area. Save time and money by using this list to coordinate with your roommate on these essential shared dorm room items.

Read More