In this modern era, people love living in a modern city because everything is already available. Public facilities are open to provide everything needed in life. However, it doesn’t mean millennial people hate suburban area. In fact, most millennial choose to buy property in suburban instead of big city. In the beginning of 2000, people were so into modern living.
Everything that looks fancy and shining were popular back then. It resulted in lots of buyers purchased home in urban city. However, the trend has changed since 2015 up till now where people have been more interested to purchase suburban properties such as villa, mansion, or even a single family home.
In fact, most of those type of homebuyers are indeed millennial.
Why suburban properties are more preferred?
Purchasing home for living is personal choice so every individual must have their own reason about their choice in buying a certain type of home. However, the surveys show that most suburban homebuyers are millennial and most of them are those who are in their 30s.
With the development of property business that has been expanding to suburban areas, it is not that hard to find ideal home. However, what makes people especially what we call as millennial to choose suburban homes over urban ones?
- The typical reason why most millennial in their 30s are more invested in buying suburban property is due to the fact that they want to start settling down. That is most age when people start considering to get married and raise a family properly. However, everyone knows that no matter how tempting and easy it is to live in modern city, it is not an ideal place for raising a family in real context. On the other hand, suburban areas are close to ideal place to raise a family since there are less bad factors which can ruin peaceful family unlike urban cities.
- Another reason why people prefer purchasing suburban home is that the availability of space. Home in suburban areas are typically more spacious. Compared to homes in urban cities, suburban homes are more peaceful and ideal for living. This is one of the reasons why millennial like this type of home. They are more likely tired of the noise and buzz of busy city life where everything is always up for 24/7. By purchasing home in suburban areas, they have quiet place to stay peacefully and getting closer to the nature.
- Next important reason why millennial prefer suburban properties is that the price is lower than home in urban city. For raising family, affordable home does matter because stable finance is essential. People who make plan to raise family tend to plan their finance so that they can afford the needs of their family. Having ideal home without causing too much damage to their finance is a great plan. Thus, it can be concluded that it is reasonable for homebuyers to prefer suburban home these days. It shows that millennial have thought smart and efficiently to achieve what they want for living.