Give millenials what they want

By
Real Estate Agent with Charles Rutenberg Realty Inc. 516-575-7500 NRDS ID#641625055

Give millenials what they want

 

Move in ready

Turnkey

Drop your bags

Bring your toothbrush

Insert favorite HGTV catchphrase here _____________________________

 

If you're looking to sell quickly - just give buyers what they want!

 

 

Back in the day (that's right, I went there), expectations were lower. The bar wasn't set so high. When you bought a new house, you could expect that, at a minimum, you would be painting walls and laying new carpeting. Today, we might update that to read sanding and refinishing wood floors.

 

Every real estate agent knows that a beautifully finished home will be snapped up immediately. Those serious buyers who have kept an eye on neighborhood inventory will  instantly make an offer on a home in mint condition. No one seems to have the time, resources or desire anymore to take on extensive renovation projects. Unlike HGTV, repairs are not completed in half an hour.

 

But if you have a home that needs work, at least offer it for a fair price. After all, it's not just the cost of the updates but the headaches, as well. My recent home renovation left me without access to the kitchen and other rooms for several weeks. My family made do with takeout, sandwiches, salads and the occasional restaurant. It may sound like fun but it gets old. Try restricting man's best friend from the not-quite-dry new flooring and experience the sensation of shaving years off your life.

 

If it's been a couple of decades since you've poured money into your home, do not expect that it will reap top dollar. It will not.

 

Your house will sit on the market and become stale. Buyers will pass it by. Let's face it. Everyone is looking for a good buy. Everyone wants to feel like they've received value for their money. You can't have it both ways.

 

So, if you're able (and these are the operative words), give buyers the updated home they're clamoring for. In the long run, your transaction will be faster, smoother and yield a higher profit.

 

Of course, age, health, and resources may make it impossible for you to compete with all the remodeled homes for sale on the market. In that case, be realistic about your price.

 

Local newspapers have reported a disconnect between what buyers want and what mature sellers are offering. The mindset of, "it was good enough for me" doesn't quite translate with millenials who notoriously do not settle for less than they desire.

 

If you're up for a home improvement project, an ultra-modern kitchen will continue to be the most sought after, bringing in a high return on investment, and followed closely by baths.

 

It makes perfect sense as mealtime is the core of the family.

Food is love. Lifelong memories are made in the kitchen.

Make it a space to be proud of.

 

 

 

 https://www.flickr.com/photos/35188692@N00/

https://creativecommons.org/licenses/by/2.0/

 

 

 

 

 

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No matter how you spend your day, come home to this

 


 

Long Island Real Estate Needs? 

Reach me @516.395.8376

 

Long Beach is a diverse community that is never short on entertainment. Interested in moving to Long Beach?

Don't hesitate to call me and we can begin our tour.

 

 

CHARLES RUTENBERG REALTY INC.  *****  516-575-7500  *****

ABOUT THE AUTHOR: Graduate REALTOR Institute 

Jill Sackler, NYS Real Estate Broker Associate based on Long Island's South Shore
 
 

Sunny Isles, Fl 

 

  

     Specializing in Lifecycle Real Estate Transitions

"When your family doesn't fit your family home, I can help."
 
 
 
 
 
   
   

   

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©Jill Sackler 2010
 

 

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 10/31/2015 06:00 PM
  2. Elyse Berman, PA 10/19/2015 06:28 AM
  3. Mary Yonkers 11/02/2015 09:33 PM
Topic:
Home Selling
Location:
New York Nassau County Merrick
Groups:
Realtors®
Dedicated Bloggers
Local Expert
Long Islander Agents
Diary of a Realtor
Tags:
buying
new york
updates
long island
merrick
renovations
nassau county
millenials
home improvement projects
selliing

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Show All Comments
Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love the great tips. I agree buyers love to buy a home that is well maintained.

Oct 15, 2015 09:40 PM #13
Rainer
210,076
Richard Robibero, e-Pro, ABR, SRS
Panorama R.E. Limited - Toronto, ON
Selling Your Home as if it were My Own!

Great but unfortunately most of the sellers I work for want to make minimal changes within their home. It's sometimes harder to negotiate the changes than the selling prices.

Oct 15, 2015 11:29 PM #14
Rainmaker
1,388,437
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Jill Sackler You speak the truth! Things have certainly changed.

Oct 16, 2015 12:07 AM #15
Rainmaker
3,054,631
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Jill Sackler First step to giving millenials - or anyone - what they want is ascertaining what they want.  Congrats on the featured post!

Oct 16, 2015 12:28 AM #16
Rainmaker
2,502,964
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This may be the standard for now. Buy, move-in and use right away works !

Oct 16, 2015 12:33 AM #17
Rainmaker
680,030
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Selling and buying homes is very emotional. Sellers get offended when buyers don't think their home is as good as they think it is. Buyers want to walk in to a home and get that emotional, feel-good response as if to tell them they're home. 

Oct 16, 2015 01:25 AM #18
Rainmaker
764,442
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Totally true. Residential purchasing is emotional, even for me and I am in the business. "...as if to tell them they're home" sums it up quite nicely.

Oct 16, 2015 05:43 AM #19
Rainmaker
2,696,264
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Yes, the expectations are different now.  HGTV, houzz, pinterest and the upgrades people see everywhere may be part of that.  Yes, there is an inconvenience fee for the buyer to do these renovations.  First, they need to have capital (some have, some don't), they need time and often there is a cost for them to stay in their current home (e.g. rent or stay w/ family) in addition to the headaches.

Oct 16, 2015 08:34 PM #20
Rainmaker
1,856,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Most Millenials prefer listing with HGTV Agents , cause they ALWAYS get any home SOLD in only 1 hour !!!

Oct 16, 2015 10:34 PM #21
Rainmaker
2,190,527
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Some of us have to resist the urge to smack 'em when these guys walk in a perfectly vintage home, hands on their waists and pout: this doesn't have my granite counters! Still, they are the buyer, and they want granite counters and they don't want to do any work. End of story.

Oct 17, 2015 04:29 AM #22
Ambassador
4,302,460
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jill Sackler very well said - they do not settle for less!

Like to quote from your post - "The mindset of, "it was good enough for me" doesn't quite translate with millennial"

Oct 17, 2015 03:31 PM #24
Rainer
116,390
Althea Kippes, Esq.
A.T. Kippes, Real Estate Broker - San Francisco, CA
Serving San Francisco to Silicon Valley!

What you wrote in this post is so true.  Taking my buyers to see homes, and not just the  millennial buyers, generates the same response.  Everyone wants everything new and expect things to match their taste exactly.  If the home doesn't meet these requirements, they don't want to consider it.  I think all of the reality real estate shows have contributed to this attitude

Oct 18, 2015 08:41 AM #25
Ambassador
3,683,001
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Jill, millennials are not the only picky buyers out there!  The older buyers who don't want to update the old place want their new homes to be HGTV perfect. 

Oct 18, 2015 11:07 AM #26
Rainmaker
882,005
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Jill Sackler Great post and I am going to re-blog.  I cannot tell you how many homes I've seen this summer that are asking top dollar and higher where they have not picked up a paintbrush, let alone done a new kitchen, since the day they bought it.  And you're right - they are languishing on the market collecting days. 

Oct 19, 2015 06:13 AM #27
Rainmaker
2,293,566
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Jill. You are so right, the majority of homes we flip are purchased by Millennial first time home buyers that want to do no work. Well deserved feature.

Oct 31, 2015 06:43 PM #28
Rainmaker
3,871,829
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Jill Sackler ,

Excellent post..give the buyer what they want! Things have definitely changed! The homes languishing on market are those that have not been updated and are priced like they have!

Oct 31, 2015 09:04 PM #29
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

Able is the operative word.....if they are, give them what they want.....I agree. Great post Jill.

Nov 02, 2015 09:47 PM #30
Rainmaker
764,442
Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Roger D. Mucci  Exactly! There comes a time for all of us when we just can't or don't want to. Bottom line is exactly the same.

Nov 02, 2015 10:43 PM #31
Rainmaker
1,518,134
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Jill, sometimes what the buyers want is not even realistic. For the most part, we do what can to assist them though. Excellent post!

Nov 03, 2015 12:39 AM #32
Ambassador
1,723,639
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Oh well, we so far see very few of them. Mostly deal with baby boomers... And to our surprise, they like modern, and want everything be ready... And I understand them. They do not want yet another project far away from their home. It is still only a vacation place, and they do not want to make it a big hassle

Nov 19, 2015 07:38 AM #33
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Rainmaker
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Jill Sackler

LI South Shore Real Estate - Broker Associate
Long Island Living - Where Memories Are Made
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