I was in my appraisal class the other day when a Millennial started to bash on her generation. “They are embarrassing,” she said. Honestly, I think she was just repeating what her parents have been saying or trying to brag about her “work ethic.” Here are three things that I think they have gotten right:
1. They Buy/Rent Smaller Homes.
Millennials tend to go for a simpler, smaller home. Homes are actually getting smaller in size and that is not a bad thing! Smaller means less stuff, less energy (especially with the new homes with their energy efficiency), and less of a carbon foot-print on the environment. You can use less materials so fewer trees are cut down, you use less paint, and your utilities are less.
2. They Use More Public Transportation.
Although many states allow you to get a driver’s license around 16 years-old, Millennials are showing a pattern of waiting until they are closer to 18 before getting what my generation considered a “requirement.” I lived in a small town with no public transportation so mine was a given, but I digress. Millennials like to live, work, and play near public transportation and, at least here in Denver, the Government has noticed. Rail systems are getting more and more common even to take passengers to our airport (DIA). Again, less carbon-footprint on the environment and it saves them a lot of money not having to have car payments, gas money, insurance, and upkeep.
3. They Tend to Have Roommates.
When I was younger, you might have had a roommate in college, but never had one once you started working. Millennials are much different. It is fine now to get a two-bedroom condo (on the bus line, remember) and share the kitchen and living area with another couple. This, again, saves money and people with friends tend to be happier.
I am a bit envious of the Millennials today. They seem to have decided to have a simpler life with smaller living spaces and less to worry about. I don’t think that they are “lazy,” but that they are going to do what makes them happy. Having a huge house payment (and all of the yard work and maintenance that goes with it), the expensive car, and lots of privacy are not what seems to be important to them. It seems to be having the freedom and money to travel, having less restrictions, and being able to work at a job that they enjoy. They want to be happy and isn’t that what we all are striving for?
If you would like to explore your options with regard to buying or selling your home, you are welcome to text, email, or call. You may also click on the "Homes For Sale" tab at the top of the page and explore homes that may be available and then contact me to arrange for showings.