What Amenities Do Millennials Look for in Condos?
Listen up, folks! In these interviews, Millennials dish on their condo non-negotiables.
With their purchasing power on the rise, millennials are beginning to spend their hard-earned money on starter homes, studios and one-bedroom units. As these 20- and 30-somethings gain financial security, their needs and wants are set to dictate the next trends in real estate and rentals.
1. Accessibility to services and restaurants, a good mobile signal.
“What I look for in a condo aside from affordability is location—having a laundromat, grocery or convenience store, and eating places nearby would be great. A decent cell signal is also important so I can get internet connectivity even without a digital subscription. I’d choose to live in a place that’s near work or school, and is commutable. Safety is also a top priority. And so I don’t get lonely, pets allowed is a definite plus.”—Miguel, 23, operations associate
2. A flexible floor plan.
“I want the flexibility to make my condominium my own—the space can’t be too structured. Next, location is also important. I want to live in a walkable area that allows me to be as flexible outdoors as I am indoors.”—Toni, 28, grad student
3. Pet-friendliness, parking.
“First on my list of requirements is pets need to be allowed. I’d also like to live in a condo with accessible parking, in a safe location, and with reasonable maintenance and association fees. As for layout, I’d like my condo to have a compact kitchen.”—Zia, 24, digital marketing associate
4. Recreational and wellness facilities.
“My dream condo allows pets and should have a private area I can use to walk pets and jog. A clean pool would also be a plus. Location-wise, I’d like to live in a place located near both my office and a gym, and has designated parking for residents. With regard to layout, I’d like a one-bedroom unit that gives me privacy.”—Mikey, 24, designer
5. Green common areas.
“My condo needs to not feel like it’s a box. I’d like a lot of breathing space, so it’s important for me to have proper, expansive common areas like the lobby and garden. Location-wise, I need to live near work.”—Betsy, 26, operations associate manager
6. Minimalism, a good kitchen.
“I prefer compact and minimalist spaces—it’s important for me to have a good kitchen. Aside from that, my condo should have good facilities like a gym and a pool; and should be located near my place of work.”—Jolo, 28, product designer
7. Proximity to CBDs and major business areas.
“Proximity to work is most important—I’d like to live a 10 or 15-minute walk away from the office. The immediate environment and area is important—having convenience stores nearby is key. I prefer quiet neighborhoods that are close to the happening places. Topnotch security is also a must-have. Highly trained security teams are better at catering to requests, friendlier, and sharper when it comes to matters that cross their desk.Good management comes with premium due, but are worth it when it comes to maintenance and repair."—Gab, 29, investment banker
8. Large windows, fully furnished units.
"For interiors, large windows are inspiring and furniture (for rented units) is also a plus. Having a designed unit, no matter how simple, offers more value.”—Gab
“Security is most important to me. There should always be someone at the lobby, keeping track of people going in and out of the building. An intercom connected to the front desk is essential. A parking slot is just as important, too. I also like having a balcony, ideally overlooking some greens, maybe a park.”—Jeff, 33, physician
10. Immediate access to hospitals and other healthcare facilities.
“With the traffic situation getting crazier each year, I would choose a condominium for the location. It has to be near not just work, but a hospital too, in case of emergencies. I have a dog, so I need a place that allows pets. And of course, the building should be clean and well-maintained.”—Stephanie, 35, writer
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