Millennials have been the hot topic in real estate for the past few years now. Which makes sense because they are one of the largest groups of home buyers in the United States. In fact, the younger generation realizes the value of buying real estate as an investment and they are getting into multiple property ownership earlier in life compared to older generations. Whether it is for an investment property or a vacation home, there is value in having that additional income coming in each month. So what are the main reasons millennials are buying? Let’s take a look.
To Have Control Over Their Home. Ask any renter, and they will tell you that not being able to do what they want in their own living space is kind of a buzzkill. Whether it is wanting pets without a breed restriction or having the ability to remodel, 90% of millennial buyers purchase homes for sale in Incline Village, NV so they can have control over their living space.
To Have Flexibility. When you pay into your mortgage each month, you can think of it as a savings account for later use incase you want to borrow against it during uncertain times later on. In fact, over 50% of buyers sited this as a main reason for purchasing homes for sale in Incline Village, NV.
To Have A Sense Of Privacy & Security. Home is where you feel most comfortable and safe. Security is so important that 90% of buyers had this as a reason to purchase homes for sale in Incline Village, NV. The beauty of owning a property is that you can pick the location and the various safety measures to make sure your home is a tranquil escape from the outside world.
To Feel Engaged In The Community. 75% of millennial buyers said that community engagement was an important reason for buying. When you invest in homes for sale in Incline Village, NV, your interest in the value surrounding your home, goes up. This causes homeowners to take an active interest and get involved.
Truthfully, we think the above reasons are why most people buy homes, regardless of if you are a millennial or not. If you are thinking of buying Incline Village, NV Real Estate this year, feel free to give us a call. We are Incline Village, NV Realtors who have been servicing this area for a long time and have the experience that buyers appreciate.