About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.

Millennials Patient, Thrifty when It Comes to Homeownership

Though millennials perceive homeownership as a vital component to the American Dream…

…they are also accepting of the realities of owning a first home, according to a new survey by Better Homes & Gardens magazine. Eighty-five percent of the first-time millennial homeowners surveyed view homeownership as a sound investment, and many are practical when it comes to home-buying and -renovating.

“These first-time millennial homeowners are focused on building equity, not debt,” says Jill Waage, editorial director of Digital Content and Products at Better Homes & Gardens. “They are strong believers in being able to afford their dreams as they achieve them and not over-stretch themselves.”

Only 50 percent of those surveyed are willing to spend top dollar to get exactly the features and quality they want in a home; just 36 percent are willing to take out a loan in order to do so. First-time millennial homeowners prefer, instead, to complete do-it-yourself projects around the house, or wait until they can afford to make improvements—in fact, 90 percent of those surveyed are “very” or “extremely” interested in learning about home improvement. Fifty percent of those surveyed report that at move-in, their current home’s conditions required some degree or repair or remodel.

The do-it-yourself projects at the top of their list, according to the survey, are installing light fixtures and tile and painting walls.

First-time millennial homeowners maintain a realistic outlook for their future homes, as well: their wish list includes a mid-sized home (approximately 2,000 square feet) with a renovated kitchen and bathroom(s) and deck or patio space.

For this complete article, please visit RISmedia.com by clicking HERE.

About The Real Estate Group

The Real Estate Group (TREG) "Partners in Excellence"

The mission of The Real Estate Group, LLC is to be Hampton Roads finest provider of real estate services. Our goal is to create a company that provides absolutely the best service for our customers by fostering an environment of teamwork and a common vision. The Real Estate Group, LLC consists of an accomplished team of skilled professionals who take pride in their work and their company. We work hard to go beyond the expectations of our customers, agents, and employees.