For the generation that is waiting the longest to buy a home, they appear to be the pickiest too.
According to a new data set from the National Association of Home Builders, Millennials care just as much (if not more) about what they want in a house rather than what they need.
And even though Millennials carry loads of student debt, they still want to live out the American Dream in a home, whether it’s rented or not.
The NAHB asked recent and prospective homebuyers about the features they want in a home and a community. Homebuyers were asked to rank more than 175 features in a home on a four-tiered scale of do not want, indifferent, desirable, and essential/must have.
The most popular specialty room, other than a bedroom, bathroom or kitchen, is the laundry room, with 50% saying it’s an essential while 36% said it’s more desirable.
On the bottom of the necessity list is breakfast nook and sunroom. Of those surveyed, 19% said both were an essential and 39% it’s just a desirable.
Having multiple family rooms was also at lower end of the list of desirables, with 24% saying a separate living room was an essential and 37% saying it was a desirable; 23% said a separate family room was an essential and 39% said it was a desirable, and 22% said a study/den/library was an essential and 41% said it was desirable.
Across generations, Millennials, Generation X, Baby Boomers and Seniors all agreed that an exercise room, media room and game room were a desirable.