A Consumer Alerts report from earlier this year found that the main priority for Millennials who are looking to buy homes that are ready to move into, or homes that don’t need much work.
In Canada, there are over 8 million Millennials. This provides a good amount of insight for homeowners who are looking to sell in the near future, and may want to boost their home’s resale value by up to 35 per cent if they make the right kind of renovations.
The same report found that out of all the possible features in a home, a modern, top-of-the-line kitchen is the most desired for Millennials, and updating your appliances isn’t something out of reach for most home sellers. It can even boost the sale price of your home.
Open floor plans are also high on the list for Millennials, as is hardwood flooring and energy efficiency.