What Generation Y Wants In A Home
✉️ Want to forward this article? Click here.
CityVista
Frankly, the Generation Y label is getting a little tired these days, but since we reported on the fact that this group (born between the years of 1980 and 1990) is more focused on the neighborhood where they live as opposed to the property, this seemed like a logical follow-up.
The Wall Street Journal is down in Orlando reporting from the National Association of Home Builders conference this week and recently had an article about what Gen Y is looking for in a home. In short, the priorities seem to be a house or unit that is in an urban/walkable setting, which also has outdoor space.
From the WSJ report:
“Gen Y housing preferences are the subject of at least two panels at this week’s convention. A key finding: They want to walk everywhere. Surveys show that 13% carpool to work, while 7% walk, said Melina Duggal, a principal with Orlando-based real estate adviser RCLCO. A whopping 88% want to be in an urban setting, but since cities themselves can be so expensive, places with shopping, dining and transit such as Bethesda and Arlington in the Washington suburbs will do just fine.”
The article says that this generation also wants amenities like a fitness center, smaller rooms, showers over tubs and a community room or rooftop area (if in a large complex) where they can have a party. The last point, in particular, rings true for DC as residents in places like City Vista have told UrbanTurf that one of the best aspects of the Mount Vernon Triangle project is that it has a roof where they can take friends when they get tired of sitting around in their condo.
See other articles related to: editors choice, generation y
This article originally published at https://dc.urbanturf.com/articles/blog/what_generation_y_wants_in_a_home/2836.
Most Popular... This Week • Last 30 Days • Ever
A look at the closing costs that homebuyers pay at the closing table.... read »
3331 N Street NW sold in an off-market transaction on Thursday for nearly $12 million... read »
In this article, UrbanTurf will explore the considerations and steps involved in buyi... read »
The most expensive home to sell in the DC region in years closed on Halloween for an ... read »
Paradigm Development Company has plans in the works to build a 12-story, 110-unit con... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro