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A FEW KEY UPGRADES THAT CAN REALLY PAY OFF
It’s time to stop thinking of Millennials as totally uninterested in owning
anything just because they were early adopters of Uber. The newly released
U.S. home ownership rate rose in 2018 for the first time in 13 years—it now
stands at 64.2 percent—driven mainly by a shift toward owning over renting
by the under-35 crowd who’d been wary of committing for both financial and
personal reasons.
“This is happening because young households are buying homes,” Ralph
McLaughlin, chief economist at home listings provider Trulia, told the
Wall Street Journal. They’re not the only purchasers, of course. But if you’re
looking to sell your house now or in the not-too-distant future, you might
want to check out this generational roadmap of four upgrades experts say are
worth it to help attract potential buyers.
*Cross-generational: a new steel door. The only thing that beat it on
Remodeling magazine’s annual Cost vs. Value Report was loose-fill attic
insulation, but this project—with a 90.7 percent return on investment—
speaks directly to the report’s main takeaway: “Curb appeal projects, by and
large, generated higher returns on investment than work done inside the
home.”
Plus, as far as Millennials go, while their ideal interiors may differ from
older generations—for example, they prefer open floor plans and hardwood
floors—Architectural Digest says they’re still into “traditional” exteriors.
*Millennials: Smart-home tech. Yes, there are Boomers and Gen Xers
who are super tech-savvy, but Millennials especially crave homes that allow
them to control their heating, air-conditioning, home security, and lighting
systems from their phones. They want to use their brains for other things, not
for remembering whether they adjusted the heat or closed the garage door.
*Cross-generational: A new roof. It’s the ultimate curb appeal
enhancer and buyers pay a premium for one already in place. So if the first