What Millennials are Looking for in Luxury Homes - Part 1

Millennials are the up and coming generation. They have been building careers, starting families, and finding great success in many different types of fields. In 2020, millennials are between 21 and 37 years old, which spans a wide range of lifestyles, needs, and activity types, however, one trend is emerging - millennials are very successful. In fact, despite some of the negative outlooks for millennials, a 10th of them say that they already earn $100,000 compared to 9% of Gen X and 11% of baby boomers (according to a study done by YouGov for Yahoo Finance). This means that more and more millennials, especially as they get older, will be looking for new investments, new hobbies, and possibly even a luxury vacation home at the Lake of the Ozarks.

As millennials begin to expand their interests into lakefront homes, sellers are going to want to know exactly what a millennial is looking for and possibly how to meet their needs. Millennials tend to have very specific wants and needs in a home, so knowing what those are may just be your ticket to selling a luxury home at the Lake of the Ozarks!

Location is Key

It doesn’t matter what city millennials are looking in, they know what they want out of a home, and the location is going to play a huge role. If you have a home with a great location, now is the time to get it fixed up and ready for the market. For many buyers looking around the Lake of the Ozarks, the most important selling point is the location to and on the lake. Does the home have easy access to the water? Is there a dock? Will they be able to quickly get to their favorite lake restaurants from this location?

Other amenities will matter as well, such as how far the home is from shopping, necessities, and even on land dining. However, the first key factor is going to be how the location affects the lake access.

Looking For Sustainable Luxury

A common trend among millennials is that they are seeking out green features in their homes. Many millennials are more conscious of the environment and will purposefully look for eco-friendly features. This can include anything from solar panels to LED lighting, and even as exotic as aspects of the home finished in hemp. You don’t have to do a complete overhaul on your home’s sustainability, but if you are doing any type of maintenance or repair work, keep in mind that the up and coming shoppers will be looking for details that make a difference.

Contemporary Design

Millennials seem to be leaning towards more contemporary styles in their luxury homes. This can be an important factor to consider as you are renovating a luxury home at the Lake of the Ozarks. You don’t want to do anything too bold, and you definitely want to make sure that whatever you are choosing for the design is going to be up and coming, and not something popular several years ago. Something as simple as an outdated floor can be enough to cause a millennial buyer to pass it up - so as you renovate, make sure you are relying on experts who can guide you in the best options.

Tech Savvy All the Way

This should come as no surprise, especially because we’re seeing these trends in luxury homes in general, but Smart Home’s are all the rage. There is a system that can control everything, and millennials can appreciate this type of lifestyle. This means that fireplaces that can start from your phone to a smart fridge that can tell you if you are running low on groceries are all high on the list of a millennial luxury home buyer.

Are You a Millennial Buyer?

If you are a millennial buyer looking for luxury homes at the Lake of the Ozarks, the team at Luxury Lake Home is here to help. We have partnered with Berkshire Hathaway HomeServices because through them we can master the needs of our customers. From marketing techniques to helping you find the home of your dreams, we are ready to get you into your lake home! Visit our website to learn more about the million-dollar homes at the Lake of the Ozarks, as well as about our business. We look forward to helping you start this next chapter in your life!