Reasons Why Millennials Prefer Single-Family Homes

Single-family home

Owning a home has always been part of the American dream. A picket fence, beautiful garden, and plenty of room to run were on the wish list for many. As populations have grown and cities expanded, many Americans ditched their single-family home dreams for convenience. In previous decades, many chose a reduced commute time and high-rise life instead of a detached home. All of that is changing, though. Research is proving that more and more millennials are reverting back to the dreams of decades past by searching for single-family homes for sale in Fort Wayne, IN.

Single-Family Homes Are More Affordable

It used to be that single-family homes were much more expensive than apartments and condos. Recent findings show a change in that trend. It appears that the price for a single-family home is decreasing, while the price for multifamily dwellings, such as condos, is on the rise. This makes purchasing a detached home a better investment and gives you more bang for your buck.

Time vs. Space

A lot of research has been done in terms of better understanding who is buying condos versus single-family homes. For example, those people who chose multifamily dwellings are more likely to value commute time over any other factor. Millennials are finding that time in the car isn’t nearly as important to them as the size of their home. In fact, most said that they would choose the privacy of a single-family home even if it meant extending their commute.

Green Space

While there may be plenty of parks around the apartment complex, nothing compares to having your own yard. Whether it’s to play with pets or to let kids run free, having a yard is one of the biggest reasons that millennials are shifting their house hunt to single-family homes. Private yards allow homeowners to enjoy the outdoors without having to worry about encroaching neighbors. It’s easier to host parties, barbecue, and relax in the sun.

Millennials holding backyard barbecue

Privacy

Privacy is a huge factor for homeowners these days. In an ever-increasing digital world, it’s difficult to feel like anything is private anymore. Many millennials crave their own space. The truth is, for many, the space doesn’t have to be large. As long as the walls aren’t shared and they have space to themselves, that’s all that matters. These are things that you can’t find when you settle for an apartment.

No matter your age, a single-family home is a dream worth fighting for. Before you hit the market, make a list of the things you’re looking for in your next place. Consider different areas and how they’ll impact your lifestyle. Then, leave the rest to the experts. If you’re looking for a home for sale in Fort Wayne, IN, let the pros at Lancia Homes turn your dream into a reality. With different floor plans to choose from, your perfect home is within reach. Learn more by visiting www.lanciahomes.com today!