Generation Y is becoming an active part of the home buying scene. Individuals in this group are looking for a specific set of features and builders respond accordingly. The new design now showcases the versatile and practical features that are in high demand. These five characteristics set the direction in future new building trends:
Unique touches
Ten years ago, new construction was underway with little input from the buyer. This younger group wants to be more practical. They compare tile samples, look at appliance finishes and debate paint colors. Gone are the days of beige walls and floors as homeowners want to get involved and create a space that feels like their own from day one.
Environmentally friendly
The green movement is going nowhere. In fact, it's gaining momentum and becoming more and more relevant to buyers. As a result, they are often not interested in the so-called luxury finishes that past generations demanded. They can very well choose bamboo flooring over hardwood and recycled countertop material over granite. These young professionals and new parents are adept at products like VOC-free paint and aren't shy about asking for environmentally friendly building upgrades.
Usable outdoor spaces
As a group, Generation Y is not only interested in the interior of the home; they assess the entire property. Backyard spaces are considered a necessary retreat from their busy lives and a hot spot for entertaining. Builders are taking new construction a step further by including features such as a raised bed garden or tiered back porch to capture the attention of potential buyers and show them how seamlessly an outdoor space can blend in with the rest of the property.
Energy saving function
With energy costs and environmental awareness at an all-time high, young buyers are savvy when it comes to understanding the importance of energy-efficient features. They look for things like double glazing, light roofs and energy efficient appliances. Many of them are willing to pay more upfront because they know the long-term cost savings can be significant.
Built-in storage
Organization is high on the list of priorities for young homebuyers. Builders are trying to get their business by incorporating built-in storage in all areas of the home. Wardrobes are now the norm and shelving is much nicer than the basic wire units that were common not too long ago. Shelving also appears in warehouses, garages and flexible spaces.