Common Moving Mishaps And Easy Ways To Avoid Them

Moving to a new home can be challenging since there’s so much that needs to be done and any mistake can create a difference between a successful relocation and a stressful one. Lots of time and money could be lost if you overlook such an important process. To avoid such stressful and financial mishaps, it’s important that you remain aware of the most common moving mistakes and learn how to avoid them. Here 7 moving mishaps you can learn from to enjoy a smooth moving process.

NOT IMPLEMENTING AN APPROPRIATE MOVING STRATEGY

When you decide to relocate, your first line of action is to decide if you’re going to hire professional moving companies or perform a self-move. If your choice is to make use of furniture movers, you need to book them in advance and decide on the moving date that suits your schedule. Try to avoid moving during spike season or at the end of the month otherwise, you stand the risk of being delayed as the available movers would be restricted and the cost of moving will increase.

Remember to put the moving date in your schedule and properly adjust your affairs until the day you relocate. Failure to do so might cause you to miss an important detail or prevent you from allocating enough time for your moving process.

USING THE WRONG PACKAGING METHOD

Many homeowners prefer to save money during moving by packing themselves. However, there are often missteps that leave these DIY packers with unnecessary problems on your moving day. One of the common mishaps is the use of heavy boxes. Presenting heavy boxes will make it hard for the movers to lift it. While there are professional movers, they also come with some limitations.

Ensure you pack heavy items such as shoes and books in medium-sized boxes. This allows for easy carriage and will also save you a lot of stress and time. When you pack heavy items in a weak or damaged box, you risk damaging your belongings. Remember to assemble fragile items such as lampshades and cooking wares into sturdy boxes.

NO INVENTORY

So you’ve assembled your items in all boxes while implementing care to wrap fragile items and maintain a reasonable box weight. You think you’re set to take off then it hits you that you have no idea as to the content of each box. This is a common problem faced by many homeowners-not taking inventory.

On the bright side, there are easy ways you can avoid this by making a list of every item you put inside each box. Apply a good numbering system and label the content as well as stating the exact room of your new house they should be stored. This process will enable you to have a good understanding of where your belongings are kept.

Creating a detailed inventory will also save you time when settling in while ensuring that the movers didn’t forget any item behind. Make use of online inventory apps when planning your move and keep a detailed list handy in case you need to file a case with your home insurance company.

MISUNDERSTANDING INSURANCE NEEDS

Majority of homeowners tend to believe they don’t need to buy insurance because various professional movers are inclined to cover the expenses for any damage incurred to their belongings during the moving process. This is true but depends on other factors. Other homeowners opt for ways to insure their valuables even though the expense is close to the cost of their affordable items.

If your inventories contain fragile items that are worth a significant amount of money it’s probably best to consider insurance as a good investment for the safety of your possession and your peace of mind.

NOT COMPARING ESTIMATES

Another common moving mistake is not comparing estimates and finding the one that fits your set budget. Though finding a reputable mover that uses a shipping container is part of the moving plan but you also have to ask for estimates before embarking on any deal. Deciding on the estimates involves certain factors such as the size of your home and the type of moving company. Some of these movers will either carry out an in-house estimate or offer you one online. If you jump on the first offer or even fail to ask for a quote, you could end up paying more than you should. The right approach to select a suitable moving price is to ask for up to 3 estimates and compare them. As soon as you’ve figured out the top best movers then you can use the estimates to choose the moving company that is affordable.

PROCRASTINATION ON TASKS

Depending on how large your items are, your moving process will require a long list of tasks. It can get overwhelming and even lead to the common mistake of procrastinating the start of the moving process until it gets to rush hour. By not starting the moving process on time you’ll be contributing to the overall stress of your relocation and might even forget other tasks.

To set your moving process on the right path, it will be beneficial to create a moving checklist. This process will enable you to plan time-sensitive tasks, avoid unnecessary problems and get your plans done on time.

NOT SENDING MAIL ON TIME

You’ve told your landlord and utility company about the day you plan to move out but you leave out the mail. The extra trouble is that most people find it hard to determine when to begin this process and how long it will take. With the right steps, you’ll be able to avoid this common mishap.

The best way is to ensure your mail gets to your new home without delay is to start the mail forwarding process just a few weeks prior to your move out. Choose the date you want them to begin forwarding your mail and indicate that you’re relocating permanently. This process doesn’t cost much and you can pay with a credit card.

IS A RENTAL PROPERTY STILL A GOOD INVESTMENT OPTION

While there are countless ways to invest your money, real estate has proven to be one of the best long-term investment options. If you’re looking to get your first investment property, the best way to invest in real estate is to buy a rental property and lease it long term. While this process involves a considerable amount of effort, most investors realise that commercial property investment provides the best results. You can gain consistent cash flow and a long term-term investment return. Providing rental management services is one of the best ways to grow in real estate.

Here are a few reasons why purchasing a rental property is a good investment.

HIGH RETURN ON INVESTMENT

Both High leverage and high ROI have relatable interests. When you use mortgage loans for an investment, you’ll be using only a small part of your own money to invest in property management, which means you gain a high return on your investment in the long run. In addition, on leasing the property to a tenant, the rent is structured to not only cover marginal expenses but to also cover the interest payable on your mortgage loan. As a result, you have a higher interest than other investment types. Your ROI increases as your profits exceed the interest you owe. This explains why real estate is considered to have a high return in the long run and is perceived as a high performing asset with commercial units for sale. An additional benefit is that any increase in value on your property makes your ROI increase further. With the high leverage in the context, your monthly cash flow increases which leads to an increase in your ROI.

TOTAL CONTROL

Buying a rental property means that you’re in total control of the tenant you’ll lease to, how much you’ll charge for rent and you’ll plan for house property management and maintenance while leasing the property to tenants. There are other ways to derive cash flow, you can decide to use services like Airbnb to provide a short term vacation stay or contact reputable property management companies and strata body corporate to assist you to locate and service long-term tenants.

According to the type of tax deduction, the cost of repairs on the building will be deducted in the year in which they are carried out.

Similar to investing in a stock, you’re in control of the stock you wish to invest in, you have the opportunity to hire someone to manage and control your income.

ABILITY TO ENSURE YOUR PROPERTY

While many investors opt to purchase rental properties, they don’t consider that they can ensure the property investment. With the right insurance coverage, you can protect the property so matter the incident that occurs you’re fully covered. If you’re concerned about the cost of insurance, you can make a plan and incorporate it into the rent that your tenants pay.

In addition, you can deduct insurance premiums from any insurance policy related to your rental property. Some of them include the cost of employee insurance, theft, fire outbreak, or natural disasters.

DIVERSIFY YOUR ASSETS

The power of diversification is fully harnessed in real estate investment. If you want to achieve reasonable benefits without high risk, it is advisable to invest in many other markets. The real estate market has its domain and your property is included. Real estate is a valuable asset to own because it appreciates over time. Even as there have been past market crashes, it has still proven to be a safe and steady market, especially in the long run.

Another good thing about real estate is the ability to research the market based on your preferred choice of location. You can keep up with the newest trends that will guide you through your decision-making process about the real estate market, which is a much favourable environment compared to the stock market.

MORTGAGE ASSISTANCE

If your home mortgage falls under the 30-year fixed-rate mortgage, it means your interest rate will not change for the entire 30-year term of the loan. As the loan is initiated, additional money is paid to interest than to principal, but as soon as the term is halved, it reaches an equal split.

 

This means that the longer you hold your property, your tenants’ fee covers more of the loan principal, which also means you’ll be creating more wealth for yourself.

As long as you own the rental property, you’ll be using the tenant’s fee to pay off your debt. While you reduce the loan fee, you will be acquiring wealth and consistent cash flow as you will always have unlimited access to the money either by flipping and selling or refinancing your loan.

WARD OFF INFLATION

Real estate handles rising inflation better than other domains. This is because as prices go up, the value of your asset increases. You can easily ward off inflation when you make use of leverage to invest in rental properties with a low-interest rate. Many investments are at risk during inflation because there’s a high chance it can reduce the value of assets.

On the other hand, the benefit of real estate investment offers a great way to protect your wealth. The increase in rent makes it possible for you to accumulate more money which will always come in handy as prices of goods are likely to increase during inflation.

DECIDE TO SELL AT ANY TIME

A rental property is a good investment option because you can decide to sell whenever and however you prefer. While it is advisable to hold on to your investment over the long term, no fixed rule exists. You are in charge of every selling process. There are many different exit strategies you can take leverage to maximise profits. The choice is up to you. With the right real estate accounting, you’re likely to sell your property at a higher price than the initial cost.

Before you transfer rights of your property, ensure you find a conveyancer and get the necessary conveyancing quotes.

Alternative Housing Ideas To Travel And Save Money

If you’re feeling the pinch but still don’t want to have to sacrifice travelling, then perhaps you should consider looking at some alternative housing ideas. By doing this you will be able to save money whilst at the same time still be able to travel. Below we will provide you with some ideas to think about when it comes to alternative housing so you get thinking about storage solutions and selecting the right moving company as soon as possible. 

House sitting

If you don’t want to purchase an alternative house then you could consider living in someone else’s home. For instance, you could use options such as Airbnb. There is also the option to stay in a hotel long term and this can be quite cost-effective in many countries. The best option, however, would be to be able to housesit where you can stay in someone else’s home free.

Work

If  teaching is something that you’ve always fancied then you could consider getting yourself qualified to teach abroad and this will give you the option to live for free. Quite often, many schools will provide you with an apartment and these usually have additional facilities such as a gym. This option means you can live for free and any money that you save you can then invest in property.

An RV

If the thought of an RV conjures up an image of a battered old bus-like vehicle from the 1970s then you’ll be very mistaken. These days RV’s are actually quite luxurious and quite often they include huge slides. These are rooms which come out of the main section of the home and mean that you will have ample living space when you are parked up. Many RV’s include state-of-the-art kitchens, fully equipped bathrooms, king-sized beds as well as a spa pool.  Ultimately, you can make living in an RV as luxurious and comfortable as you like, it all depends on your budget and how much you’d like to save. You don’t necessarily have to live in an RV all of the time as you could just use it for when you decide to travel. Alternatively, if you prefer to save money then you could consider living in an RV full time and take advantage of a more nomadic style of life.

Container homes

It is easy to have a container home shipped to you and you will probably be surprised at how homely they can actually feel. If you don’t like the metal look of the home, then cover it up.  The beauty of container homes is that you can purchase more than one so that you can make an alternative home to suit your preferred size as well as shape.

A tiny house

If you’ve not heard of a tiny house then it’s simply a small house that can attach to the back of your truck or your car. The advantage of having a tiny house over an RV is that you don’t have to get rid of your truck or your car, as long as it’s able to pull a tiny house. This means that it’s a much cheaper option than buying an RV.  The other advantage of a tiny house over an RV is that you won’t require water or power from an RV Park. A lot of these tiny homes have their own filtration and rainwater systems as well as solar roofs. This then means you can park up anywhere and settle there for as long as you desire, that is as long as it’s legal to do so.

Prefabricated cabins

If you are lucky enough to have some land, then you could consider a prefabricated cabin.  Another option would be to buy a cabin kit and then design and build this yourself.  Prefabricated cabins have the ability to host solar panels which you can use as a source of electricity. They also have water tanks for fresh running water and can also accommodate a heating system. It may be worth considering contacting a local after builders cleaning once you’re done to help you out so that you can get on with making your new house into a home.

A houseboat

Nowhere does it state that you have to live on dry land. You could consider purchasing a houseboat. Many houseboats have more than one bedroom, come with running water, heating facilities, full electricity as well as other mod-cons such as televisions etc. If you decide to sell your home and purchase a houseboat you will have the freedom to be able to sail all over, whilst at the same time reducing your living expenses. 

House hacking

With this idea, all you need to do is to purchase a home and then think of ways of how someone else will pay the mortgage on it. The easy thing to do is to buy a small multi-family home and then rent it out. This is one of the more difficult options if you’ve never rented out of purchased a home before. If it’s hard to find a multi-family property in your area, you could consider buying a home where you can rent out the bedrooms individually i.e. to students or look for a commercial property for sale which you could rent. Another option would be to let out a room in your own home to a student for example. 

Across the world, property is the most expensive purchase that we all make. If it’s possible to save money and reduce financial costs, you will see the benefits of the money that you have managed to save. The additional beauty of choosing an alternative house means that not only will you save money, you will also be able to travel and visit destinations that you otherwise may never have had the opportunity to see. 

5 Signs That A Suburb Is The Rise On The Property Market

The property market across the world has seen a bumpy road in the last couple of decades. Although this is the case, property has always been a good investment as in most cases if you buy at the right time, your money will be safe. If you’re looking for a property to buy, you will usually be looking for your main residence so it has to suit what time of life you are in. 

So if you have children, you will require a family house or if you’re a young professional, you may want to be close to work so that you don’t have a large commute on your hand in the early years of your career. That said, there are a number of other factors to consider when you make your final decision. One of these factors has to be which area you would make the most amount of money in. In the past, the property market would suggest that inner-city areas in popular vibrant capitals would often yield the most money and cost the most to buy, however, the suburbs are now on the increase and are seeing a massive rise in the property market.

Property Advice

Let’s now take a look at some of the signs that the suburbs are seeing a rise in the property market. Before you embark on buying a property in the suburbs, you will need a trust lawyer,  conveyancing quotes,  maybe a new house loan and it advisable to make use of an investment property calculator. The above aspects are always a good place to start when looking at the property market. If you are looking for a more investment type of property, i.e. you may be looking for farmland for sale, you will require business insurance. Again, the market for this type of property is also on the rise as many would-be investors look to maximise the amount of money they can make from their investments.

Let’s now consider some of the signs that suburbs have seen a rise in the property market.

  1. Demand

When we advertise a property, we always assume that it’s going to take months or even years to sell the property. A good way to determine how much demand there is for a property is to see how local sales have gone in the area. If your property has been on the market for a very short time, you will notice that that means the market is improving in your particular location. Suburbs have seen a massive rise with this and we are seeing that properties in suburban areas are being snapped up very quickly, which is often leaving a short supply that does not meet the demand.

  1. Auctions

Auctions are another sign that the property market is showing a rise in popularity. Suburban areas are now seeing a rise in the number of options that are taking place. This increase is to make sure that the number of people viewing a property for auction meets the demand of the area. Auctioneers are making sure that these properties are full of potential buyers to make sure that the vendor has the maximum opportunity to complete in the sale.

  1. Discounts

Discounts are a major thing if a property that you have been viewing has been set for a certain price for some time and the vendor is willing to offer a significant discount, then you can tell that this property has been hard to sell and the demand is low. However, in suburban areas, we are now seeing less of a discount for properties and they’re selling for their asking price. This is a surefire indication that the market for suburban areas has increased and shown an increased potential rise due to the lack of discount offered by vendors and auctioneers.

4 Infrastructure growth 

It has to be said that governments around the world have always put large amounts of money into their capital city areas or large cities within a country. Transport links, internet connections and other technological advancements have been put into inner-city areas for a number of decades. As these areas are overpopulated, people will begin to look into suburban areas which means the development and infrastructure improvements has helped bolster prices of suburban property. Transport links and infrastructure has also improved dramatically over the years in these areas with the advent of smart technology. There is also a growing need not to go into work so you are able to work from your home. This means you are able to live further away from your place of work and this has given the suburban areas rise in popularity.

  1. Vacancies

The number of vacancies that are available in suburban areas has decreased dramatically in times gone by. Before you would have been able to have a large choice of property in suburban areas. Whether you are renting or buying, these properties were not often snapped up and many were left on the market, giving the buyer lots of choices. This is an indication that suburban areas have now seen a change as the number of vacancies for properties for rental and buying has decreased, showing that the growth and rise in the property market in suburban areas has improved.

As you can see from the above points, the rise in the property market in suburban areas is clear to see. This type of growth will continue as long as urban developments stay saturated and the demand for infrastructure changes remains high. 

Racist property listing fake

Harveys Real Estate Papakura issued a clarification after a Facebook account, purporting to be property manager Lynette Snook, posted an advert for a rental on Great South Rd that included racist comments.

Moving House? Tips On How To Purge Your Excess Possessions Without Regret

Moving house is stressful enough without having to think about which items to purge that you may end up regretting. We all know that the less you have to move, the cheaper and easier your move will be. So before you contact freight delivery companies or rent a moving truck, we will provide you with some tips to look over on how you can reduce the number of possessions you take with you, but you need to be prepared to be harsh.

  • Decluttering

You may have got some long distance moving quotes but before you are ready to pack to move, you need to make time to declutter. After all, the last thing you want to do is pack things which you will go through at a later date and this is especially if you are considering container homes. It’s likely that you won’t ever deal with these items and they will just sit in your new home, as they probably don’t really have a purpose. If you’re organised and declutter in advance, you’ll be able to get rid of items that you don’t need and reduce your removal costs as well as extra headache.

  • Keep focused

You need to make two piles, one pile for the items that you plan to keep and another pile for items that you will get rid of. It’s key to keep focused when going through items and not to get distracted by looking at things from a sentimental point of view. It may even be worth asking a member of your family or a friend to help you to go through your things and keep you focused on the job in hand. Remember, if you are planning on keeping something, you don’t need to look through it now as you can do this at any point at a later date.

  •  Reduce space

You may be moving to a smaller house so it could be that you can only take so much. A good idea would be to purchase a particular amount of boxes and decide that once they are full, you will not be packing or taking anything else. By doing this you will make sure that you only pack and take with you the items that you need.

  • Organisation

Don’t think that you will get everything sorted in a day. You need to do things in small steps and maybe work room by room. On day one, you might go through your CD or book collection and decide which ones you would like to keep and which ones you can get rid of. Next time, tackle your clothes or kitchen items. 

Now that you have decluttered your home and have decided what you will keep and take with you, you end up at the question, what should you do with any items that you are not going to keep. 

  • Donate 

Consider giving these items to friends or family members who will be able to give these items a good home. 

If you have children or a local school in the area,  they will probably be happy to take items such as printers, computers, toys or craft related equipment off you.

Charity shops will also take items that you are getting rid of. If you decide that you need to get rid of furniture, there are probably charities that will come and take the furniture off you and save you a run to your local tip.

  • Selling

There are many ways that you can sell the items that you are not going to take with you. For instance, you could consider having a car boot sale. Car boot sales are a great way of raising some money as well as getting rid of all the stuff that you no longer need. Don’t expect to make a huge amount of money as, after all, the whole point of a car boot sale is to get rid of the things that are cluttering your home and you don’t want to take to your new home. Try and get rid of at least half of the things that you take to the car boot sale with you.

Another option would be to advertise your items online using websites such as eBay. If you do decide to use eBay, remember to take selling fees into account and also consider delivery fees and/or collection options. 

  • Bin

If you decide that you just want to get rid of your items then you could consider hiring a skip.  Skips are a very easy way of getting rid of items and they can be cost-effective. If you don’t require a full skip then ask your neighbours to see if they could use a skip and this way you could also share the cost too.

Another alternative would be to take your items down to your local tip. Many local tips also have the option to recycle items such as electrical equipment and furniture. 

  • Recycle

There are many ways of recycling items and there are companies that will allow you to post items to them free of charge and they will recycle these items for you. Alternatively, you can take your items to a local recycling centre. If you have an item that needs a bit of TLC then you could consider Upcycling them. You could use different materials or prints to cover a piece of furniture for example. 

If you follow the advice that we have provided you above, you’ll be able to purge your excess possessions without regret. After all, you don’t want to move excess items to your new home, as this will just cost you money and cause you more headache in the long run.

The Best Places To Buy A House For An Airbnb In New Zealand

It seems obvious why people would buy a house to use as an Airbnb, as it’s a way of making money through short term rentals. However, what you do need to make sure is that you make the right decision when it comes to buying the correct house. It is worth considering a number of aspects, like, for example, business assets insurance, a conveyancer online and farmland for sale as these aspects are often overlooked when looking at purchasing a house for business purposes. Finally, there are two further areas that are useful to include which are, construction cleaning services and the use of an Insurance broker. Once any site has been finished, it will need cleaning so this would appeal to would-be renters and also having the correct type of insurance in place will also help market your asset. 

Aside from these points, there are also a number of other aspects to take into consideration to ensure that your Airbnb is successful. Below we will highlight a few of then we will take a look at which parts of New Zealand would be worth buying a property to use as an Airbnb.

  1. The Location

You need to understand the market area that you are going to buy in as each location is different.  It’s worth going on the Airbnb site and other sites similar to this to see what is already available in the area you have in mind. You also need to consider what local attractions, events and how the seasons can affect the success of your Airbnb. It may be that you have the potential to make lots of profit in the peak seasons, but you may also have periods when your home is quiet. As much as location is important, you need to be clear about the location to any potential guests. It could be that your property is not located in a place that everybody wants and it may be that a parking space may be preferred over the location. Additionally, you don’t have to feel like you need to buy a property that is central. There may be guests who prefer quieter, rural locations. If you buy a property in a quiet location, you may widen your options as you’ll be able to advertise the fact your home may be able to accommodate more guests.

  1. The Space

Consider what property to buy. A one-bedroom apartment will work well for couples as well as professionals who made look to re-book your property. However, If you have a two-bedroom place in mind, you could sleep six if you include a sofa bread in the property and you are likely to attract families and groups of friends.  If you have your eye on a bigger property, for instance, a property that has between four and six bedrooms, then you could consider charging more on a weekend as well as throughout the year as you will probably attract groups of people ie large families and groups of friends.

  1. What to purchase

If you decide to buy an apartment then make sure you check the lease terms. It this probably worth getting legal advice as leases can be complicated to understand. If you buy a house instead of an apartment then you don’t have to worry about the lease. It’s also more likely that you will have some outdoor space which is a bonus for the family market.

Once you purchase the right property and you set up your Airbnb to suit the market that you are trying to target, you should see that you can achieve a nice income, all year round.

New Zealand 

If New Zealand is the place where you wish to purchase a property to use as an Airbnb, there are different locations for you to consider. After all, many people would love to visit New Zealand and this is something that can be taken advantage of.

  • Bay of Islands

A popular place for those that love water-sports, fishing and sailing. The Bay of Islands is located around three hours from Auckland by car journey. This region consists of 144 stunning islands. There’s plenty to do on the Bay of Islands whether you’re in or on the water, you can scuba dive or get well acquainted with the marine life in the Bay of Islands. If you prefer not to get in the water you could go whale or dolphin spotting and if you fancy it, you can swim with wild dolphins. It’s clear to see why this is a sought after destination for tourists and why an Airbnb property in this area would be hugely popular. 

  • Milford Sound

A truly stunning part of New Zealand,

 was created by glaciers during the ice age and this can still be seen when looking at the scenery, which is full of waterfalls and mountains.  Visitors to the area love to explore Milford sound via boat where it’s possible to see the waterfalls as well as the wildlife in the area which includes penguins and dolphins. Alternatively, there is the option to head into the waters on a kayak tour. Again, it’s clear to see why this would be a hotspot for an Airbnb.

  • Auckland

Not only is this the largest city in New Zealand, but it’s also one of the best places to visit. Lots of flights arrive in to Auckland airport which makes it the perfect city to start exploring New Zealand. Therefore, we don’t really need to explain why an Airbnb property would be successful in Auckland.

  • Christchurch

Although Christchurch has been hit by earthquakes in recent times, a visit to Christchurch will show how the city has come back to life in such an amazing way. Many of its original attractions are still available to see, hence why it is still a popular destination for those who visit New Zealand.

  •  Queenstown

For those who love adventure, consider Queenstown. During the spring and winter, it’s the area that’s known for world-class skiing, but there’s still lots to do all year round, such as river rafting, sky diving and bungee jumping. Again, it’s easy to see why it’s an ideal location for an Airbnb property as it’s likely to be popular all year round. 

If you decide to purchase a property for Airbnb use in one of the above areas, it seems obvious why there wouldn’t be a reason for it to be a success.

Why house prices are so high in NZ

The latest housing affordability report by thinktank Demographia shows that New Zealand scored internationally high on the unaffordable housing front.

Tauranga now the fifth most expensive housing market among more than 300 cities in eight countries, and Auckland close behind.

Auckland’s housing market soars to life

Auckland’s property market ended 2019 on a high, new data from the Real Estate Institute shows.

The number of residential properties sold in December was up 12.3 per cent from the same time last year, at 6285. Real Estate Institute chief executive Bindi Norwell said that was equal to an additional 22 houses a day.

Millennials Are The Property Buyers Of Today, What Exactly Are They Looking For?

The millennial generation are motivated, home buyers. They have represented a great share of the home buying market for the past five years. A majority of them see the home-buying process as affordable as opposed to renting. They are also known to be very selective when it comes to real estate. They have a clear view of what they want and are willing to be patient until they find the exact thing they want when buying commercial property. This has led estate agents and others in the buying market wondering what millennials really want in their home-buying journey. Read on to know the main features millennial generation are looking for in a property. 

SUSTAINABLE DESIGN

Millennials are more socially conscious than their predecessors. They want homes that are equipped with energy-efficient features such as solar panels, energy-saving appliances. Whether it’s finding ways to give back to the community or selecting brands that offer green features, millennials consider sustainability as an important factor in their decision making. It is important that architects and homebuilders keep this latest update in mind as they set the foundation for new communities. New property with these features will definitely appeal to millennial homebuyers. Whether its smart lighting and smart thermostats, they will view these features as necessities not value adds. 

LOW MAINTENANCE

Millennials have shown less interest in fixer-uppers the way their predecessors have been and they do not plan on making repairs and maintenance costs during their home-buying process. Studies have shown that almost half of millennials who purchased new property did so with the intent to skip major repairs and renovations. In addition, most millennials living in areas prone to harsh weather conditions and natural disasters are more interested in buying homes that are built with these conditions in mind. As home builders and architects focus on disaster-resistant building codes and materials, millennials will perceive these homes are worth their investment. The chosen building materials should be equipped with durability and low maintenance features, this will also be an appealing option to the millennial market.

MORE PERSONALISED SERVICE

The buying process implemented by previous generations were entirely different. Homebuyers found their agents through referrals from friends, or simply by walking into an open house. If the house felt right with them then it was a good match for them. But from the introduction of dating apps to subscription-based platforms, the millennial generation has never been more technology-driven and have found new ways to leverage it in their home buying process. Some reports have shown that 81% of older millennials found their home through a mobile app. As a result, the real estate has taken advantage of the many benefits technology has to offer. 

Some companies have partnered with Amazon to offer advanced features like the turnkey home purchase service. The potential home buyer answers an online quiz then is linked up with an agent who is capable of finding the right home for them. This may seem out of the ordinary for older generations but it’s highly acceptable to the millennials.

COMFORT

What a millennial prefers in terms of comfortability may vary from buyer to buyer. They are more interested in getting maximum value for their money. homes that are built with long-lasting materials and specific details appeal to millennials. They are also looking for rooms with additional features such as home theatre, children’s playroom, wine cellars and a gym room. Giving millennials an option to customise as they please will also make them more interested. Whether its a green design,  a pop of colour in fixtures and home appliances, millennials feel more comfortable when they are deeply involved in the final design process. They have increasingly become part of a market segment no one can overlook. Including an open floor plan in living areas is also a valuable feature that will appeal to millennial homebuyers. Learning what they prefer in a home can help you increase home sales and overall customer satisfaction. As they secure their first home mortgage to purchase a commercial property on lease, a home builder should be aware of these features.

PREFERENCES IN WALLS, FLOORING AND WINDOW

Millennial homebuyers are making a shift from carpeting to more modernised flooring types such as engineered wood, bamboo, cork and marble which maybe 18 inches or bigger. Even if they make use of carpet, it is only used sparingly. They prefer the walls to be either plastered or completely smooth. Millennial homebuyers are also making moves to retain original windows, double-glazing and replacing counterweights or sash cords. Or dual pane windows. In the situation whereby they purchase a property from another, they prefer a qualified conveyancer and property lawyer that is also affordable. Comparing conveyancing quotes is very important.

SMART HOME FEATURES

During the home-buying process, millennials see homes equipped with smart features as appealing. They believe that a home integrated with advanced technology will make their lives better. 86 per cent are more willing to spend more money on smart home features. One smart home feature that tends to appeal to millennial home buyers is smart thermostats. This advanced tech learns the temperature a homeowner prefers and makes adjustments to provide an added level of comfort and well-being. This energy-conserving device provides savings to the homeowner. 

Another smart home feature includes home remote access. Wouldn’t you feel at ease knowing you have the ability to remotely control home security? This feature is of great value to the millennial home buyers. The ability to remotely control lights, locks and also view camera feeds through a smart home app gives millennials an additional reason to be more tech-savvy while having peace of mind no matter their location.

Even smart locks is another trending feature that appeals to millennial homebuyers. You never have to wonder if you locked your doors on your way out. With the use of your smart home app, you can easily lock or unlock your doors or set special codes that will lock them automatically.