Decatur

Mind Your Millennial Manors

Highlight Homes Luxury Renovations
Mind Your Millennial Manors

The Latest Craze in Housing from the Trendiest Generation to Ever Wield a Sledgehammer

Millennials are on the move. This generation represents roughly 75 million people – making it the largest generation currently living in the U.S., which is why they command so much attention from marketers, small business owners, large corporations and home builders. Defined by Pew Research as the generation born between 1981 and 1996, that puts them at 23 to 38-years-old in 2019 – prime renting and first-time homebuying ages. According to REthority – the Authority on all Things Real Estate, the median age of a first-time homebuyer is 32. While production builders continue to build “cookie cutter” homes at price points that millennials may find attractive, more and more millennials are seeking homes that are customized to their unique tastes and needs in some of the trendiest neighborhoods they can afford. And with the average age of first-time moms being 26 and first-time dads being 27, family-friendly floor plans also rank high on their wish lists. Some millennials may look at a new home as a future investment opportunity – one they can rent out at a later time for some added income. With that investment in mind, they also consider factors like walkability, convenience to mass transit and desirable school systems.

The National Association of Realtors (NAR) indicates that millennials accounted for 36 percent of all home purchases nationwide in 2017 – with 65% of them being first-time homes. The 2018 Home Buyer and Seller Generational Trends study also illustrates that only 15% of millennials bought in urban areas, with the majority seeking homes in the suburbs. Niche lists Decatur, Johns Creek, Alpharetta, Berkeley Lake, Vinings, Peachtree Corners, Milton, Suwanee, Druid Hills, Roswell, Smyrna, Duluth and Tyrone among the best suburbs in Metro Atlanta to live. According to The Balance, popular styles and ages of resale homes for millennials include: Pre-WWII – featuring everything from Arts & Crafts bungalows and colonials to English Tudors and Victorian-inspired homes; Mid-Century – built between 1945 and 1965, these homes tend to weigh heavily on the Frank Lloyd Wright influences; and Mediterranean – enjoying an earlier rein in the late 1920’s, this style of home boasts stucco exteriors, tile roofs, Spanish or Italian details and grand entrances.

Bear in mind that this generation also grew up on reality TV, which may explain a growing trend towards finding a great deal on a home and renovating it – either by going it alone or by enlisting the aid of a professional. Since that first option could lead to some costly mistakes, it’s the wise choice for millennials to partner with a company that will listen to their ideas and may even let them swing a sledgehammer and aid in the demolition. At Highlight Homes, we’ve had a great deal of success reimagining the exterior and interior of older resale homes by adding many of the on-trend additions today’s homebuyers are seeking. Included among them are open concepts, eat-in kitchens with large islands, farmhouse influences like shiplap walls and sliding barn doors, and so much more. If you’re a millennial seeking a resale home with the intention of renovating it to fit your vision, you may want to partner with the Highlight Homes team to help you find the ideal home in one of Atlanta’s up-and-coming neighborhoods. We can even help you find the right financing to include the price of the home and any renovations you have planned.

To learn more about Highlight Homes and take a peek at our gallery of past projects, please visit www.highlighthomesga.com. Once you’re ready to get started, contact us at 678-874-9234 or info@highlighthomesga.com. We welcome the opportunity to help you create a home that is uniquely YOU – your very own “Millennial Manor”!

Sources: https://rethority.com/2019-real-estate-statistics/

https://www.census.gov/housing/hvs/files/currenthvspress.pdf

https://www.niche.com/places-to-live/search/best-suburbs/m/atlanta-metro-area/

https://www.thebalance.com/trends-for-home-buyers-1798348

https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends

The Top Five Emerging Neighborhoods in Atlanta

Highlight Homes Atlanta Custom Homes, Luxury Renovations
The Top Five Emerging Neighborhoods in Atlanta

The City of Atlanta is filled to overflowing with charming old neighborhoods, localities that are enjoying a sudden resurgence of popularity and exciting developing communities that are gaining attention for the first time. Highlight Homes breaks down the Top Five Emerging Neighborhoods located in and around the city or tucked away within the outskirts. As one of Atlanta’s premier custom homebuilders, we welcome the chance to help you realize the home of your dreams in one of the following neighborhoods or the community of your choosing…

West Midtown – Atlanta Agent Magazine points to West Midtown as one of the best neighborhoods in which to buy. This area is particularly hot among Millennials and active couples/families drawn to its connectivity/walkability factor and awesome venues like Atlantic Station with a wealth of alluring shops, restaurants and events. Highlight Homes is proud to have our newest project poised within a mile of Atlantic Station – a luxury duplex that’s worth watching!

Sherwood Forest – of course, don’t rule out East Midtown altogether! Sherwood Forest made the top slot at #1 on Niche’s Best Neighborhoods to Live in the Atlanta Area – scoring an overall A+ Niche grade, and #2 on Niche’s Best Neighborhoods to Raise a Family in the Atlanta Area. Homebuyers are likely to love the low crime rates, the great nightlife and access to highly regarded schools.

South Buckhead – Another excellent pick from Atlanta Agent Magazine, South Buckhead is enjoying a sudden resurgence of interest from buyers for many of the same reasons as West Midtown. Affectionately dubbed SOBU, the area begins where Peachtree Road crosses I-85 at the Brookwood interchange and runs north along Peachtree to Peachtree Creek. It’s considered a Mecca for affluent homebuyers seeking access to critically acclaimed dining, upscale shops and an active art scene.

Neighborhoods of Atlanta’s Westside – including West End, Hunter Hills, Princeton Lakes,  Washington Park and Peachtree Heights – According to Redfin and its 2018 list of Hottest Neighborhoods, all eyes are turning west! Pay particular attention to neighborhoods along the West Beltline – including historic West End. Hunter Hills is another one to watch, as is Washington Park – not far from the eateries, cool bars and fun nightlife at Five Points. Peachtree Heights in Southwest Atlanta received a nod from Curbed Atlanta as Atlanta’s hottest neighborhood for 2018. Princeton Lakes is a little further out from center – just west of the Perimeter.

Decatur – Making the cut as one of Redfin’s Most Competitive Neighborhoods in Atlanta at #2 for 2018 and at #1 on Niche’s List of Best Suburbs to Live in Georgia, the City of Decatur continues to reign supreme. An incredible town square that plays host to a jam-packed, year-round calendar of events and is home to an eclectic blend of shops, restaurants and pubs serves as the heart of this city. An incredible school system, excellent parks, fun attractions like the Fernbank Museum of Natural History and high walkability factor make it a great destination for families. It’s proximity to the City of Atlanta simply adds to the allure.

Other neighborhoods to watch include Powder Springs, Smyrna, Chamblee, Tucker and one of Highlight Homes’ personal favorites… Brookhaven! If you are seeking land on which to build a custom home in any of the neighborhoods listed above or in another neighborhood of your own choosing, the team at Highlight Homes excels at land acquisition. We can also design and build the home of your dreams on land you already own. To get started, simply give us a call at 678-873-9234, send us a note at info@highlighthomesga.com or fill out our convenient online contact form. We look forward to hearing from you soon. If you’d like to learn more about Highlight Homes and view our online gallery, please visit www.highlighthomesga.com.

 

Photo creds: By Brooke Novak from Atlanta, Georgia (midtown/westside) – ATL [light ], CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=2514492