• Skip to content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Recipes
  • DIY
  • Self Improvement
  • Health
  • Home + Garden
  • Beauty
  • Family
    • Snowboarding
  • Travel
  • Business
    • Blogging
    • Crazy Dad Speaks
  • Tech

Happy Mothering

Inspired Living for Moms

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Snapchat
  • Twitter
  • YouTube
  • Home
  • About
  • Advertise
  • Shop
  • Contact

3 Home Ownership Lessons We Can Learn from Millennials

This post contains paid and/or affiliate links. See full disclosure.

by Chrystal Johnson Leave a Comment

Share11
Pin2
Tweet1
Share
Share
Email
14 Shares

This is a sponsored post written by me on behalf of CORT. All opinions are 100% mine.

There are a lot of stereotypes about Millennials floating around. But did you know there are lessons about home ownership we can learn from Millennials?
© Deposit Photos / Goodluz

There are a lot of stereotypes about millennials floating around out there. Many say they are lazy, unmotivated and entitled. Others say they know what they want and won’t settle for less.

I have met millennials on every point on that spectrum – just like you find with any generation. I’m from Generation X, but on the younger end of the spectrum. So there are some qualities I share with millennials, like the importance of family and quality of life.

And like millennials, we have held off on buying a home. The market in California just isn’t stable enough for our liking, and we may want to move out of state.

But are millennials actually buying homes? They are buying homes, only about 5 years later than previous generations according to National Association of Realtors’ (NAR) research.

In fact, 52% of millennials feel motivation to purchase a home so they can stop renting. Unfortunately, financial fear holds them back. They grew up in a generation of debt and recession, and they tend to be more cautious.

It seems they want to go into home ownership with eyes wide open and minimal risk. So, I wanted to share some things we can all learn from millennials about home ownership.

Wait Until You’re Financially Ready

Owing a home is a huge financial investment. You need to be financially prepared not only to purchase the house, but maintain it!

Many people believe that Millennials prefer to live with their parents since about 15% of them lived with their parents in 2016. However, it’s simply taking them longer to be able to purchase a home – a sign they equate with adulthood.

So they are living at home for longer so they can save money on rent and be able to purchase a home sooner. That sounds like a very responsible approach to take.

Less Space Can Be Better

Another difference between Millennials and previous generations is that they’re opting for smaller homes. My generation – Generation X – prefers homes with 2,100 square feet. Compare that to Millennials, who typically prefer homes that are 1,800 square feet.

That means they can get a home at a lower price point. And the maintenance costs can be lower as well, helping to ease the ongoing financial burdens of home ownership.

You Don’t Have to Furnish a House Right Away

While it does appear that Millennials are on the road to home ownership, another interesting decision they’ve made is to rent furniture rather than purchase it.

Instead of spending everything they have or borrowing money to purchase housefulls of furniture, appliances, and electronics, many millennials are renting these items, even if they own their homes.

Being able to rent furniture, artwork and home goods from a company like CORT Furniture Rental eases Millennial anxiety about spending large amounts of money at one time. It’s the perfect idea since millennials prefer to enjoy experiences instead of buying goods.

Renting furniture can help them to to keep their resources free to enjoy better experiences with family and friends. It’s an interesting idea for any generation to consider.

Learn more about Millennials and Home Ownership

If you’re as interested as I was in how Millennials are approaching home ownership, you can learn more on the CORT Furniture Rental website about Expert Tips for Decorating on a Budget and Outfitting Your Entire Home.

Have you read these facts about Millennials and home ownership before?

Visit Sponsors Site

What do you want to read next?

  • Our Halloween at Home
  • Do You Dream of Owning Your Own Home?
  • 9 Alternative Uses for Salt Around the Home

Filed Under: Household

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Let’s Stay Connected

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Snapchat
  • Twitter
  • YouTube

Popular Posts

DIY Peppermint Sugar Scrub BarsDIY Peppermint Sugar Scrub Bars155.5K Total Shares
How to Make an Antihistamine Balm for Natural Allergy ReliefHow to Make an Antihistamine Balm for Natural Allergy Relief109.4K Total Shares
Surprise a Travel Lover with a Mason Jar Ring Map OrnamentSurprise a Travel Lover with a Mason Jar Ring Map Ornament53.4K Total Shares

Recent Posts

Enter for your chance to win a $25 Starbucks Gift Card.

$25 Starbucks Gift Card Giveaway

Are you looking for a twist on classic tomato soup? This Roasted Tomato & Fennel Soup is delicious and nourishing meal that's perfect for a cold winter day.

Roasted Tomato and Fennel Soup

Brian and Chrystal in a doctor's office

The Beginning of a Diagnosis

Footer

Disclaimers

As an Amazon Associate I earn from qualifying purchases.

The content on Happy Mothering is provided for educational and informational purposes only, and is not intended as medical advice. Please consult with a qualified health care professional before acting on any information presented here. Statements on this website have not been evaluated by the Food and Drug Administration. No products mention are intended to diagnose, treat, cure or prevent disease.

Important Links

Privacy Policy
Disclosure Policy
Contact Me

Archives

Copyright © 2019 · Magazine Pro on Genesis Framework · WordPress · Log in