There's no one home that fits everyone's lifestyle but research by the National Association of Home Builders has found similarities based on your generation. Some of this may simply be due to the lifestyle of the age group but some of it is definitely generational differences.
Millennial Home Buyers
Millennials are those born between 1981 and 2000 and make up a large portion of the first time home buyers. They were brought up with cell phones, computers and everything digital and kind of expect that out of their homes.
- Everything Digital: Since Millennials usually have their cell phone by their side they like they idea of having a "connected" home. From automated entry systems to programmable thermostats, and even programable lighting. This generation certainly appreciates the new "smart" homes.
- No Limitations: This generation likes the idea of open floor plans and flex spaces. Millennials typically aren't big on the idea of formal spaces but love the idea of an open room where they can transform it into whatever they want.
- Convenience and Usability: Millennial home buyers like the idea of great use of space, including ceiling height cabinets, farmhouse sinks rather than traditional double sinks, charging station in their outlets, and motion sensor lighting.
Generation X Home Buyers
Born between 1966 and 1980, Gen X home buyers typically have a good work-life balance and these qualities influence what they're looking for in a home.
- Separation of Key Spaces: While Gen Xers like the open floorpans, they also want some separation of spaces and dedicated rooms. A separate laundry room is the top of their list, along with patio and living room.
- Energy Star Savings: Gen Xers don't like wasting money on unnecessary energy expenses. They ranked Energy Star appliances, whole home and windows ratings as 3 of the top 5 features they wanted in a new home.
- Hardwood Flooring: No longer are the days of wall to wall carpeting, this generation is looking for hardwood flooring in the main areas. With the new wood plank tile, I anticipate that will be at the top of the list soon.
Baby Boomer Buyers
Baby boomers are those born from 1946 to 1965 (some break this generation down into two sections). This generation is comprised of mostly retired or soon to be retired individuals and is looking for a home to meet their new lifestyle.
- Energy Conservation: Three of the top four spots on their list were taken by energy-related features. Along with the typical energy-related features in a home, they are looking for insulation levels higher than code requires.
- Great Communities: Baby Boomers typically aren't big fans of high density neighborhoods. They tend to be drawn to neighborhoods with more open green space, walking trails, and a sense of community.
What do you think? Does this accurately represent your generation? If not, comment below with what the top 3 features are that you look for in a home and which generation you belong to.