Realtor Kim Soper is helping a young professional woman buy her first property in Lexington, Kentucky. The client expects to move in five to seven years, so it will be more of an investment than a long-term home. Soper, who is also the co-founder of Better Homes and Gardens Real Estate (BHGRE) Cypress, is advising her to think about buying a single-family home rather than a condominium because she won't have to worry about the monthly payments that usually accompany a condo purchase on top of the mortgage. According to Soper, professional, single millennial women are one of the largest buying groups right now. The newly published Better Homes and Gardens Real Estate Investors Survey, conducted on BHGRE's behalf by Wakefield Research and featuring responses from 1,000 U.S. investors during June/July this year, has revealed some interesting investor buying patterns by millennials. What types of investors are millennials? More than 95 percent of millennial investors ...
- The vast majority of U.S. investors are keen to include real estate in their portfolio, according to new research commissioned by Better Homes and Gardens Real Estate.
- More than 95 percent of millennial investors are interested in making a real estate investment, more so than their baby boomer counterparts (83 percent).
- In many cases, millennials' first investment is not for them to live in full-time. Rather, it gets them on the property ladder and offers another type of lifestyle.