Millennial Homebuying Trends You Want to Know About

Millennial Homebuying Trends You Want to Know About

If you’re a millennial (born between 1980 and 1998) who is looking for a new home, you’re in good company. A study from the National Association of Realtors (NAR) finds that they account for more than one-third of home purchases.

You probably have some great ideas in mind about what you want in your new home. Still, it helps to know what others look for in a home today. The more you know, the more likely you will find the perfect home.

Suburbs or Smaller City Living

NAR’s report shows the bulk of buyers from all generations buy homes in a suburb or subdivision. One huge advantage of living outside of the big city is affordability. You can get more house for your money. It also gives access to smaller school districts with a strong success rate.

Open Floor Plans

More space does not necessarily mean more square footage. Rather, it’s about finding homes with an open floor plan that make effective use of space. A common request is a sizeable yard that allows homeowners to do a variety of outdoor activities. One of the advantages of open floor design is that it allows for easy movement between rooms. Remember, you can always change up the interior, but not add more space to the exterior.

Go Green

Your generation is tech-savvy and environmentally-conscious. The generation tends to shop for new homes because they have energy-saving features and technology such as energy-saving appliances with the ENERGY STAR label. Newer homes tend to have smart thermostats with programming to maximize energy efficiency.

Quality of School District

Everyone, of course, wants the best schools for their children. That’s one of the reasons fewer people are opting to live in the big city. They have bigger school districts in which overcrowding can become a concern. Smaller and suburban city school districts can better manage their resources as they don’t run into the challenges that big districts face.

Why Millennials Like Dripping Springs

Known as the Gateway to the Texas Hill Country, Dripping Springs is just 20 miles west of Austin. It has all the best of the Texas Hill Country that people want: majestic views, rolling hills, and Instagram-worthy scenes. Adventurers love that it’s close to fabulous Austin hiking views and farm-to-table restaurants in Dripping Springs.

Another fave about living in Dripping Springs is that residents don’t have to drive into Austin for live music Venues such as Nutty Browns Ampitheater with big acts such as Dwight Yoakum, Treaty Oak Distilling that serves whiskey and features local musicians, and Mercer Street Dance Hall are all within 20 minutes.

Dripping Springs ISD

One of the most important factors for millennials with children is the school district. And Dripping Springs ISD has received an “A” rating since Texas implemented the letter grade rating system in 2018.

DSISD students living in Caliterra attend the following schools:

  • Walnut Springs Elementary School
  • Dripping Springs Middle School
  • Dripping Springs High School

The state determines the grade on three factors:

  • Student achievement via the state’s standardized testing STAAR results
  • School progress, which measures academic growth based on STAAR test
  • Closing the gaps based on multiple factors

For more details about the rating system, please visit txschools.org and Texas Education Agency (TEA) website.

DSISD supports more than 5,000 students across seven schools with an average of 16 students per classroom. Parents choose to enroll their children in Dripping Springs Independent School District for its high standards that prepare them for success beyond high school.

The builders of these new Dripping Springs homes in Caliterra offer a diversity of open floorplans, so you can find the right one that matches what you picture in your dream home.