These are the three home design trends you’ll want to keep an eye out for in 2020.
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Overall, millennials tend to feel the most judgment from their parents in relation to their life goals, whether that pertains to buying a home, getting married, or gaining financial independence.
When’s the right time to purchase your first home?
The answer varies across age groups. One out of every five parents expect their child to own a home by age 25, but this doesn’t quite align with reality. Younger adults tend to feel the most pressure owning a home, but they’re still waiting on their own terms. Millennials between the ages of 25 and 34 have been slow to catch up to the rates of homeownership that Gen Xers and baby boomers did when they were in that age range.
Millennials are marrying at later ages and have high student debt to blame for delaying their homeownership debut, and they now represent the largest home-buying force in the housing industry.
One out of every five parents expect their child to own a home by age 25, but this doesn’t quite align with reality.
Overall, millennials tend to feel the most judgment from their parents in relation to their life goals, whether that pertains to buying a home, getting married, or gaining financial independence.
Purchasing a home is one of the most complex and expensive decisions most of us will make, so it’s easy to see how not choosing the right style, location, or size can invoke criticism from relatives. This is why it’s important to work with an experienced Realtor when making this milestone decision.
As always, if you have questions about this or any other real estate topic, don’t hesitate to call or email us. We’d love to help you.
