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Real Estate Trends

Ever wonder what buyers think about first when they decide they want to buy a new house, or what you should want, first and foremost when purchasing your own home? One surprising factor is that the answer actually depends on what generation the buyer is born from. For more details, keep reading.


Millennials (Born 1982-2000s)


Price, price, price. Most Millennials are mainly just looking for a bargain on their home, whether its their first home or third. They usually next look to make sure that the house is close to a few certain areas, like the University of Saskatchewan, shopping districts as well as the bus stops. If this is their first home, however, it is quite likely that they will compromise on size and age of the house before the price, which could also help them in the long run by building up equity through renovations.


Generation X (Born 1965-1981)


Size. Most Generation X's have started a family, or have a growing family, so square feet is what stands out the most for them. Main focal points of the house that Generation X's will be looking at will be where the entire family can gather with ample room, such as the kitchen, living room, dining room, as well as the backyard. Next, they will see how close the home will be to any Elementary or High Schools their children can get to within walking distance. Generation X's tend to stay in their homes for quite a number of years, so they always compromise on price.


Baby Boomers (Born 1946-1964)


Family, and relaxation. Baby Boomers tend to move from their large family homes when the house is empty, to smaller condo's, that are near their families, with any price point. It could also be of some relief for the family to have their parents near, and have the care that could be needed in case of an emergency.


No matter what age the buyer is, they will always start their search online, check to see where the local amenities are, see if they like the neighborhood as well as making sure that the house is in good condition. Always remember that pictures are always a very important aspect on helping to sell the home as well. 

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