Socially, Millennials and Baby Boomers may disagree on many issues, but at home, their desires are mostly the same, finds new research from Credit.com.
Walk-in showers are popular among both Boomer and Millennial homeowners, though Boomers typically have more money to update their homes with such features than do Millennials, according to the Credit.com analysis published by MarketWatch. Additionally, smart home tech upgrades in the home are popular with both groups. A HomeAdvisor study finds that more than half of older homeowners install automation software in their homes, and 14 percent install assistive technology in their homes.
Both boomers and millennials care about the size of their homes, but in different ways. Some boomers tend to downsize to smaller houses that require less maintenance. They’re choosing homes like condos and apartments. As for Generation Y, they are looking for bigger homes. Millennial homebuyers are interested in buying bigger homes because they want to start a family and they need to accommodate their children. Not all millennials are looking for space, but as they start families, this is becoming more important.
Advertisement
Related Stories
Design
What Gen-Z Buyers Really Want in a Home
The fervor of planning for Millennials in the home building industry has now pivoted to Gen Z. So, what does this new generation want?
Demographics
Post-Pandemic Trends: Working From Home
A greater share of workers are still working from home than before the pandemic and they're concentrated in the information, professional, and financial services sectors
Demographics
Millennials on Top Again as Largest Homebuying Group
Millennials beat out Boomers as the largest homebuying cohort, according to a recent report, but Boomers remain the largest generation of home sellers
