RIGHT-SIZED: Small Home, Larger Life
RESIDENTIAL DEVELOPERS SHIFTING FOCUS TO ACCOMMODATE FIRST-TIME AND MILLENNIAL BUYERS
By Jody Czajkoski
As a residential developer of Greater Houston, we have recently noticed a trend for first-time home buyers and millennials; they want concise, efficient homes that maximize the reach of their dollar and minimizes unused space.
We are seeing that the most popular model homes are those in the 1,300 to 1,400 sq. ft. range. Consumers walk through model homes and realize that they can have it all: airy floor plans with three bedrooms, a study, and lower price tags. MHW Investments, LLC is gearing up to accommodate the influx of millennial home buyers coming to partake in our rich job market- specifically our Summerwood Trails development on Cude Cemetery Rd. and Moon Rd. one mile from Lake Conroe.
Hand-held access to the internet has resulted in the home buyer today being more informed than ever before about the many options available to them. Millennials know what they want, and they can easily search how to get it. They have different expectations for their lives than generations past. They want smart homes with low-cost maintenance that will free up their time and financial resources to focus on the things that matter to them. It is up to us as developers and investors to provide them with what they value.
MHW Real Estate is a commercial real estate business specializing in real estate investment, development, and property management. Our goal is to customize and build solutions for our investors and clients. Please call us today at 281.651.4898 or visit our website to speak with us.