According to Forbes, millennials spend more on home improvement than other age groups. In the thick of a strong renovation market, this proves that they want the best of everything. For instance, the National Association of Home Builders survey concludes that about 62% of millennial homebuyers will go for natural stone countertops or granite.
Millennials are taking the home remodeling market by storm. Also, they’re willing to break the bank for stylish home improvement finishes. Let’s explore the habitual remodeling ideas that millennials fancy.
Bathroom Remodeling
Millennials crave technology and fancy controlling everything with their gadgets, such as smartphone applications. For this reason, it’s no surprise that amongst their renovation list, they’d prioritize incorporating tech in their bathroom. For example, they’ll replace normal shower heads with high-tech ones.
The millennials fancy a clutter-free home, which explains why they prefer minimalistic design when remodeling their bathrooms. Although they don’t have disposable income to go for a more elite design, they like to keep it simple with affordable styles such as open shelving and floating vanities. This explains why about 12.3% of millennial bathrooms will possess a modern design aesthetic.
Many millennials appreciate the benefits of taking care of our planet, making them an eco-conscious society. When remodeling their homes, they intentionally seek products manufactured with reclaimed or recycled materials. Additionally, they’ll install water-efficient faucets, shower heads, and energy-saving water heaters.
Landscaping
Millennials are introducing newer landscaping designs by incorporating technology, clever techniques, and care for the environment. Also, they adore privacy, which explains the 166% increase in home fencing.
While older generations focused a lot more on aesthetic appeal, the new era of homeowners concentrates on striking a balance between functionality, style, and sustainability. For example, the inclusion of edible plants, minimal focus on turf, and adopting smarter ways of irrigation.
The newer homeowners have fully embraced technology to make maintaining yards easier. For example, millennials now prefer installing auto mowers, which mow lawns on scheduled presets.
Also, the millennials care for the environment and desire to preserve mother nature. For this reason, there are going for sustainable options that are more environmentally friendly. For example, when landscaping, they prefer rain gardens, pollinator gardens, LED lighting, and water reclamation cisterns enhanced by smart tech. For instance, optimization of water usage via WIFI irrigation systems or reduction of electricity consumption with lighting controls.
Flooring
When it comes to flooring, millennials avoid carpets, opting for vinyl-plank flooring (which is the favorite of many due to affordability and its increased durability), hardwood flooring, and laminate floors. Hardwood flooring enhances the general look of any home, and most millennials love it for its stylish look. Also, the floor improves the air quality and is cheaper to maintain.
Most millennials have relatively less disposable income. For this reason, they’ll always go for cheaper but more durable flooring options, which explains why vinyl-plank flooring takes the day. Besides hardwood flooring, some millennials prefer stone flooring due to its unique and attractive appearance.
The millennials are bringing a new wave of home improvement. Instead of focusing on a home’s aesthetic value or curb appeal, the young homeowners’ remodeling strategy seems to strike a balance between sustainability, technology, functionality, and environmental care.
Millennial homeowners are revolutionalizing the remodeling industry, especially by introducing the latest technologies in home improvement, which tends to make everything easier. Also, they tend to focus on bringing environmentally friendly innovations and functional solutions.