At Chattanooga Property Shop we know when someone buys a home they aren’t just buying the house − they are buying a neighborhood as well. We also know that each potential homebuyer is looking for something different in a community.
According to the National Association of Realtors 2016 Home Buyers and Sellers Generation Trends report, the age of buyers directly impacts the type of neighborhood that they want to call home.
The stage of life a person is in heavily influences the type of location he or she wants to live in and what is considered important. For example, a young couple without children is going to be looking in different neighborhoods compared to a family of four or a older couple searching for their future retirement home.
Here are the features we have found each generation considers important when choosing a potential neighborhood:
Millennial home buyers (35 years and younger). For younger buyers, being close to work is the most important factor when choosing a neighborhood to live in. Millennials want a short commute, even if it means living on a smaller lot. The price of the homes is also important because millennials are usually looking for affordability in their first starter home.
Beautiful two bedroom, two bath condo, just a few short steps to the resort style pool. Located in Northshore with river views, the condo is complete with an oversized patio, hardwood floors, stainless steel appliances and parking available in secure garage. Amenities include access to dog park, rented bikes and penthouse suite. Great walkability to local restaurants, Coolidge park, boutiques, Renaissance park, and the walking bridge but, also minutes from downtown corporate offices.
Gen X home buyers (ages 36 to 50). When Gen-Xers look for a neighborhood, they are the most likely to concentrate on school districts. Children tend to become the driving force behind major decisions when they are in the picture.Therefore, zoning and convenience to schools is the often deciding factor when 36-50 year-olds chooses a neighborhood.
Modern and updated condo in neighborhood of Heritage Landing, zoned for Normal Park School and in walking distance of GPS. Located overlooking the Chattanooga Golf and Country Club golf course, this condo features wonderful cabinetry and stainless steel appliances, all with plenty of storage and a hidden laundry closet. The three bedroom, three bathroom condo also includes beautiful views of the golf course from the dining room and living room complete with a fireplace.
Young boomer home buyers (ages 51 to 60). Young boomers are most likely to say that the look of a neighborhood is an important factor in deciding where to live. These buyers aren’t looking for a starter home, they are looking for a dream home and with that comes a beautiful neighborhood.
Breathtaking waterfront property located on Savannah Bay. This gracious dream home has six bedrooms and seven bathrooms, built with enjoying the views and entertaining in mind. The gorgeous architectural details include corbel ceilings, wood beams, cherry floors, custom built in furniture grade cabinetry and ceiling details. Entertaining guests for an evening or extended time is effortless thanks to wonderful indoor and outdoor living spaces, private bedroom wings, two kitchens, two laundry rooms, arcade room and home theater.
Older boomer home buyers (ages 61 to 69). When older boomer home buyers are looking for a neighborhood, they likely are looking for a location convenient to entertainment and leisure activities. These buyers tend to be considering retirement and are looking for a neighborhood where they can see themselves spending their extra free time. They want to move to a community with lots to do, and they do not want to have to go far to do it.
Prestigious custom home located on the 14th hole of Champions Golf Course in Hampton on the Lake. Gorgeous all brick and stone executive home features four bedrooms and four baths with the opportunity to host multiple guests upstairs. The fireplace in the great room, breakfast nook separate from the formal dining room and numerous windows makes this home incredibly cozy. Located in tight knit community with numerous fun activities.
Silent generation home buyers (ages 70 to 90). Home buyers who are near or in retirement care about being close to family. Convenience to friends and family is the factor most likely to influence where they want to live.
Located in a neighborhood just outside of Red Bank, offering privacy and ease of living to multigenerational families. The main floor offers a fantastic open concept with fully furnished basement as well as an additional adjunct home. The six bedroom and five bath home is perfect for entertaining family dinners and large holiday gatherings. Main floor can be single level.
If you are interested in selling or buying a home, give Chattanooga Property Shop a call at (423) 664-1900. Our agents are experts at helping you find what you want in both a house and a community.