Townhouses Or Condos? Today’s Most Popular Housing Choices For Millennials And Baby Boomers

Buying a home is tough work. There’s just so much to keep track of!

How do you sort through all the options on the real estate market without losing your sanity? Do you fully understand the terms and conditions of your mortgage? These are just a few of the questions you’ll have to ask before committing to any sort of action. When you’re starting to come up a little short on your do’s and don’ts, a real estate agent can step in and fill the gap. While it means more sitting down and talking, you’ll be glad you can finally share this burden with someone who knows what they’re doing.

You don’t have to rush the homeownership process. Whether you’re selling a house or looking to buy, your friendly real estate agent will have answers.

What’s The Most Popular Type Of Home To Buy?

There’s nothing wrong with looking at what everyone else is doing. You might find yourself learning about some new and popular trends that apply to your life! According to a recent study by Zillow over 80% of today’s buyers are looking to purchase a single-family home. This is due to both the cost and the trend of buyers to be searching for a place to raise children. Another study found 55% of Millennials (as well as 45% of Baby Boomers) preferring to live in walkable neighborhoods.

What Does The Real Estate Market Look Like Today?

You don’t have to worry about being left behind in the real estate market. While houses fly off the shelves pretty much all the time, there are more than enough options to suit you. According to data from the National Association Of Realtors over five million existing homes were sold back in 2017. There is a lot of concern about another housing inflation issue, particularly among the Millennial demographic. Sorting out valid concerns from outdated ones is best done with a real estate agent by your side.

What Are New Homebuyer Demographics?

Did you know a third of all homebuyers today are doing so for the first time? That’s pretty promising, as that means you have even more real estate agents familiar with the common hurdles you’ll be facing. Contrary to popular belief, a lot of homebuyers are also in the younger demographic — think in late twenties and early thirties. Buying a home is a beloved process that means a secure future for you and yours. Whether that means a childless couple or a family looking for more room, there’s enough for everybody!

What Are Common Concerns For Buyers?

You definitely want to figure out your mortgage as soon as possible. This means your interest rates, how much you’ll be paying per month, whether or not you can expect complications in the future due to insurance claims. It sounds like a lot, but the biggest concern of homeowners today is not understanding their mortgage better. Additional concerns include the right homeowners’ insurance and whether or not their home’s value can be maintained. Ask your real estate agent all these questions now so you can focus on other things later!

What If I Want To Sell My Home?

For those interested in selling, the top realtors will have some useful opinions to steer you in the right direction. It’s recommended by most landscapers and real estate agents today to improve your exterior design prior to selling. This means a greener lawn, additional shrubbery, or a newly paved driveway, among others. A recent study found 20% of Millennials today are most likely to look at townhouses. Condos for sale are also going fast among the older family demographic.

Buying and selling homes is tough. That’s why you let real estate agents handle it!