What do Millennials Want in Apartments?
Every generation is different, and every single one wants new things from life, but it seems that the millennials are more unique than any generation before them. These are the people who know exactly what they want and how they want every aspect of their life to look like, and there’s no point arguing with them. What you can, however, do is respect the fact that they’re extraordinarily opinionated and give them just what they want, especially if you’re entering business transactions with them. Renting living space to millennials, for example, is one of those transactions, and you should think long and hard how to make your apartment appeal to this generation. If you too are trying to accomplish this but don’t know how, here are a few ideas that might help you.
Everyone looking for a new home has three things on their mind – location, location and location. We all want that prime spot and our own place in Heaven, but with millennials, things are a bit different. They actually don’t mind where they live, as long as they’re close to their work. The thing is that this generation just loves being employed, and they’re actually constituting about 35% of all working people in the USA at this moment.
That’s why apartments that are the closest to their work, or at least to a metro station that stops near their work, are the perfect choice for them. So, when you’re advertising your place, be sure to mention the walking distance to the nearest metro and bus station, just in case there are some working class millennials checking your offer out.
It’s not that the millennials don’t like their landlords per se – it’s just that they prefer not seeing them too often, if possible. Doing things online is much easier and you can basically handle all your payments this way anyway, so there’s no need to meet with your landlord every single month.
Speaking of money, the millennials aren’t too big on cash either. Their wallets aren’t full of it, but that doesn’t mean their bank accounts are empty. On the contrary, they just prefer using bank transfers and paying their bills and their rent this way. This also means you have to be prepared for this too, so start investigating these options and see how you can start using bank transfer as well.
Besides working all day long, millennials also want to live their life to the fullest and make the most of their free time. That’s why they prefer apartments that give them these options and can provide them with some high-quality entertainment before they go to bed and during their day off.
Large screen televisions (over 50″) with 4K UHD are a bit on the expensive side, but their crystal clear image won’t appeal just to millennials, but everyone who enjoys spending time playing console games and watching latest Netflix shows.
However, after spending hundreds of dollars on a nice TV and sound system you mustn’t forget to get a proper television stand. After you have your measurements and you know what size fits best, you should consider a stand with a certain look that’ll match a specific style of your room. A stand made of hardwood should be able to complement almost any traditional room design. On the other hand, sleek stands made of glass, metal, or a combination of both will perfectly set off a room with a modern style.
New or renovated places
Old homes that were built in the 1920s and 1930s are still rather charming and visually appealing, but that’s not what the millennials are looking for. They want a new property and have a tendency to consider only the apartments in buildings that are a couple of years old.
Alternatively, millennials don’t mind living basically anywhere, as long as they’re in a recently renovated apartment that’s clean, updated and full of new appliances. Anything from a spruced up the bathroom to a kitchen that includes every possible amenity they can think of could potentially attract them. These are, therefore, things landlords should direct their attention to, although most of them aren’t too keen on renovating their spaces – keep in mind that you have to spend money to make money, though, no matter how much you hate that process.
Renting an apartment to millennials sounds harder than it really is, and all you have to do is get properly organised. Fix whatever needs to be fixed, spice your place up a bit, get some new appliances and introduce a few fun things into the mix as well, and you can expect a bunch of millennials piling up in front of your apartment any day now.
Lucas is a real estate agent and renewable energy consultant with many hobbies and passions, but above all, he enjoys the most spending time with his wife – Mara. He also likes Lord of the Rings. He, actually, very much likes Lord of the Rings. He is a regular contributor at smoothdecorator.com