It is no secret that the pandemic and inflationary pressures have shifted the building industry. From price increases to material and labor shortages and everything in between, we have seen it all and have had to make adjustments accordingly. As every aspect of the housing market has changed, it’s no surprise that homebuyers’ preferences have shifted as well.
In fact, according to the NAHB, 36% of millennials’ preferences have changed due to the pandemic. We’re seeing that the younger your buyer, the more likely their preferences have shifted. So what exactly are Millennials looking for in a home? We’ve listed the top 10 most wanted features below (NAHB, 2022).
- Laundry Room
- Hardwood Flooring on Main Level
- Exterior Lighting
- Ceiling Fan
- Patio
- Walk-In Pantry
- Front Porch
- Table space for eating in the kitchen
- Dining Room
- Double Kitchen Sink
What does this mean for you? The opportunity to provide your Builder partners upgraded shelving options for the laundry room and pantry to satisfy their homebuyer’s demands. Homebuyers are tired of wire shelving and are seeking a better solution that is more customized to their lifestyle.
With our full breadth of high-quality products paired with our industry-leading technology, we make the closet upgrade selection process easy. Closet Selector is a revolutionary system that can be integrated with the Dealer and Builder's existing processes, saving everyone significant time. Plus it provides you the opportunity to profit!
If you’re interested in learning more about how you can grow your business in the storage and organization category please reach out to your Sales Representative or Dealer Support Specialist today.