What Do Millennials Really Want in a Home?
This new generation of homeowners shares with us what they really want in a home, and where they want to live
People have a lot to say about the millennial generation, but one thing’s certain when it comes to folks who were born in the early 1980s to the early 2000s: they have a newfound spending power.
In the article “The Mystery of What Millennials Really Want Is Solved At Last” by Phil La Duke for Entrepreneur.com.ph, the Millennials want “a decent job that affords them a life,” as opposed to the common misconception that they will take minimum-wage entry-level jobs that will leave most of them partially dependent on their parents. So this means that whether they’ve been in the workforce for a solid number of years or are making the transition from college to the “real world” with stable jobs and relationships, they’re slowly building their personal wealth and are ready to spend.
We’ve surveyed a range of millennials to see the kinds of homes they’re ready to make and set up. Developers, brokers, and landlords, listen up.
Enough room for everybody
“Whether [it’s] a house or a condo unit, my home should have enough room for kids, a helper, and of course, pets. I would also love to have my own space for work and creative pursuits! It can be a room or just a little nook where I can type or craft away in peace. I'm currently fascinated by multipurpose furniture, so maybe I could have a convertible table or a staircase with drawers for knickknacks, Legos included.” —Stephanie Jesena, 34, writer
A three-bedroom condo unit
“A house would be ideal, but since location is most important to my girlfriend and me, a condo unit would do… as long as it's near work, a mall, a church, and somewhere safe to jog. For my future family, our starter home would realistically have at least three rooms—the master bedroom, kids' room, and maid's quarters. I would like it to be a smart and convenient modern home, with climate control, lights, and sounds that can be controlled by a single device like my phone.” —Jeff Novero, 33, physician
An easy-to-maintain condo unit with a view
“I've so gotten used to living in flats or condos so that’s what I would prefer. I'd like a place that requires minimal maintenance and that's easy to move around in. I'd want to have a nice view (a terrace would be a plus) where I can look out to some greenery. I'm a very visual person so I'd make sure to fill my home with art.” —Regina Bernardo, 32, operations manager
A tiny house
“I really want to live in a tiny house with space that I can maximize. Lots are expensive nowadays, but I strongly believe that a house is a better investment than a condo unit. Having it small scale will also make it so much easier to manage. I don't really plan on having a big family so a tiny house would do.”—Zia Santos, 23, online marketing associate
A house with a big backyard
“I'd like to live in a one-storey house with a master’s bedroom, and a backyard big enough for family events. I’d also like an open kitchen with a generous living space. It’s ideal, but I’d also like to add a front yard as well for the dogs and an open driveway into the garage.”—Miguel Ayson, 22, operations associate
A yard for the kids to play in
“I’d like to have a yard or lanai for the kids to play in and where the adults can relax. My ideal location would be [a Quezon City] residential area to be near my family and relatives and school for the kids. I’d love to have a four to five bedroom house to accommodate kids and the help, plus a spare room for guests. A spacious living room as a communal space for everyone is a must.”—Betsy Esguerra, 26, marketing associate
Suburban areas in Metro Manila, away from CBDs
“It’s important for me to have a big yard where the family, kids, and pets can play. I would like to live somewhere in Marikina or Parañaque—still within the metro but not near CBDs like Makati. A big kitchen where I can cook anything would be great. And if family weren’t a consideration, a studio with an awesome sound system would work for me.” —Jolo Desiderio, 28, product designer
A personalized home that is accessible to everything
“I spend a lot of time at home so I want a space that I can make my own—nothing too structured and not necessarily a large area, but with a smart use of space so I can always change things up when the time is right. On a more practical note, accessibility is a big consideration. I consider it ideal to be able to walk everywhere, including work. I’d also like for my home to be part of a sustainable community that shares my interests, whether it be having parks, nearby cafes, or local restaurants.” —Toni Ignacio, 28, grad student
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