Millennials are buying homes with their pets in mindSeptember 16, 2018
Millennials love their pets so much that accommodating their four-legged friends’ needs is a top priority when buying a home.
According to the American Pet Products Association, 73 percent of millennials own a pet, CNBC reported. But when it comes to millennials who bought a home this year, 89 percent owns a pet.
Rental buildings have long catered to pet owners with dog runs and pet salons, and millennials are looking for the same kinds of features when buying a home.
“I don’t have kids, and I’ve intentionally decided that while I want to have kids one day, I’m not at that point in my life, and I think a lot of millennials here in D.C. are kind of in that same boat, but you still enjoy having something to take care of,” said Jessica Evans, a 31-year-old real estate broker in Washington, D.C.
Evans, who lives with her dog and cat, sold her condo and bought a single-family row house to help keep her pets happy.
She said most of millennial her real estate clients put outdoor space – either a yard or a park close by – as their top priority when buying a home.
A full 79 percent of pet-owning millennial homebuyers who closed on a property this year said they would pass on a home that otherwise meets all of their needs if it didn’t work for their pets, according a survey by Realtor.com. [CNBC] – Rich Bockmann