How do millennials and baby boomers differ in their home preferences?

Both millennials and baby boomers make up a large portion of the homebuying market.

When it comes to these two groups, there are some similarities, but each definitely has their preferences, according to a recent release from Miller and Smith. Millennials are defined as those born from the early 1980s to 2000, while baby boomers were born between 1946 and 1960.

When it comes to what they both like, the generations agree on open floor plans, giving them the “endless options to entertain.” They also prioritize the kitchen, seeking nicer features for where they make their meals. Both seek homes that are near entertainment and shopping. Finally, both generations prefer having pet-friendly features, such as mudrooms.

After that, their preferences start to differ. Millennials are searching for more modern features and unique spaces, such as outdoor terraces or smart spaces, according to Miller and Smith. Millennials are also concerned about the price of a home; they are generally seeking something affordable. Finally, millennials prefer to be close to public transportation, whether it be the bus, subway or metro. Overall, millennials prefer to live in a more urban area.

As for baby boomers, they want more room in their home. They are typically seeking extra rooms for either visitors or offices. They also prefer a more classic design, as opposed to modern, with features such as fireplaces or porches. One element they prefer are wine coolers in their homes. Instead of public transportation, baby boomers want to be close to parks, and live in a walkable community. They generally prefer to live in an “easy-going” community with more space.