In my decorating article last week, High Point Market-Spring 2017 Highlights, I wrote about the furniture industry looking forward to a large boom in millennial furniture purchases in the upcoming years. As reported by Realtormag, a recent Fannie Mae Economic report stated, “Millennials’ accelerated rate of departure from their parents’ homes bodes well for housing demand.” With the market primed to sell your home, now may be a fantastic time if you are planning a move.
How can you capitalize on the millennial market? Here are seven things to consider when selling your home to this growing pool of buyers:
- Strive for the “less is better” concept of decorating.
- Choose furniture that is large and fewer pieces; for example, large lamps, art, and accessories.
- Minimize the “eye noise” by not offering lots of little things to view. If you have a large collection of items, consider packing them up and placing in storage. Too many “things” take away from the house which is where you want your prospective buyers to focus.
- Take down outdated
- Paint the interior of the home in a neutral color; for example, a gray in the warm spectrum mixed with a beige.
- Since Millennials often do not have a budget for home upgrades, they want to move into a home with an updated kitchen and baths. If you cannot update this space, do what you can to give a facelift. Change out the knobs on the cabinets, replace the counter tops, install new lighting to a sleek look (definitely remove all fluorescent overhead lighting.)
- Replace outdated and dirty carpets throughout either with a neutral carpet or preferred low-maintenance wood flooring or tile.
Keep in mind that the best salesman in a room is the way the furniture is placed. Make sure the key Rooms: Family room, Living Room, Entrance, Kitchen and Master Bedroom and Bath are professionally staged showing prospective buyers the many possibilities. They need to be able to see themselves living in this space.
By Debbie Correale, founder and owner of Redesign Right, LLC. You can learn more about her at RedesignRight.com. Find her on Facebook.com/RedesignRight, Twitter @RedesignRight, LinkedIn, Pinterest, Houzz, Google+ and Instagram.