Why Millennials Choose To Buy

Dated: 02/23/2018

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Why Millennials Choose to Buy

According to NerdWallet's Millennials & Homebuying Study, the top 5 reasons young renters choose to own are:



93% - To Have Control over Their Living Space 

Many millennials who rent a home or apartment prior to buying their own homes dream of the day they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space. Many others who have waited to add a pet to their families daydream about the day that they'll be able to go pick out their "furever" friend. Owning your own home gives you the freedom to make those choices.


90% - To Have a Sense of Privacy and Security %

It is no surprise that having a place to call home, with all that means, in comfort and security, is the #2 reason. As a homeowner, you have control over who has access to your home and you are able to secure it how you see fit.


81% - To Live in a Nicer Home

Similar to the #1 reason, when you purchase a home, you can choose to live in a nicer home or choose to renovate a home & restore its glory. Owning also allows you to accommodate your growing family or a family member who may need to move in.


75% - To Feel Engaged in Their Community

Owning a home in a community is one of the major reasons why residents become more civically involved. The stakes are raised once your home value is directly tied to the neighborhood and community in which you live.


53% - Flexibility in Future Decisions

Owning a home allows you to use your monthly housing cost as a savings account that can borrowed against in the future. Having this option available during uncertain times is just one of many reasons why homeowners feel more secure in their homes.



If you're looking for an experienced professional to guide you through the home buying process, look no further than Robin Prouse, at your local RE/MAX American Dream office. 

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