Gen Z buyers are going to be a big percentage of the home buyers that will be looking for homes in 2020. Gen Z is anyone born starting the mid to late 90s so they have grown up with more modern style homes that have amenities that a lot of older homes don’t have. They also have grown up with technology and really want to see their tech-based lifestyles reflected in their homes. If you have sellers that want their homes to appeal to Gen Z buyers these are the three home upgrades that are worth investing in:

Bonus Spaces

Whether it’s a finished basement, a converted garage, or even a multipurpose shed in the yard Gen Z buyers want options. They are used to doing a lot of different things at home and that requires a lot of different dedicated spaces. Having a bonus space where they can start a side hustle, or having large space where the kids can hang out, or room for a home craft center are all things that really appeal to Gen Z buyers. 

Living Room Kitchen Room Combinations

Gen Z buyers are a little more flexible about open concept space because they know that their budgets are small. If a seller can create a connected living room or family room and kitchen that’s good enough to fulfill their desire for open concept. Really what they want is a living space that’s connected to the kitchen since the kitchen is where everyone gathers and so that a parent can keep on eye on kids while they are doing other things. So if you’re representing a seller that doesn’t want to do a full scale renovation to create an open concept in an older home suggest that they just open up enough space to connect a living space and the kitchen and that will get the attention of Gen Z buyers that are on a tight budget.

Better Outdoor Space

Gen Z buyers have grown up in homes that incorporate a lot of outdoor living and entertaining space and that’s what they want in their homes too. An upgraded deck, a screened in porch, or an upgraded patio with a fire pit and great seating are all ways to impress Gen Z buyers without spending a fortune on upgrades to an older home. Older homes usually have the kind of green space that Gen Z buyers really want with old growth trees and plenty of greenery so make the most of that with some updated outdoor living features and the home will sell a lot faster. Outdoor kitchens or cooking spaces are also very on trend and popular with Gen Z buyers. 

Buying a first home can seem stressful and overwhelming. If you are aware of the above listed issues ahead of time, you can protect yourself from costly mistakes.

   

Posted by Gurpreet Ghatehora on

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright 2022 by the REALTORS® Association of Edmonton. All rights reserved.

Listing information last updated on May 27th, 2022 at 1:01am CDT.