Millennial residents account for about 15.6% of the Columbus population, according to 2016 estimates by the U.S. Census Bureau. Columbus has the 8^th-highest concentration of Millennial adults in the nation, surpassing larger cities like Los Angeles, Boston and Chicago. The median age of a Columbus resident is just 35.8 years, the youngest of any U.S. metropolitan statistical area.

The “secret sauce” to our Millennial population growth is our abundance of educational institutions. The Columbus region has nearly 60 colleges and universities, attended by over 136,000 students. We have one of the highest concentrations of college students in the U.S.!

After graduation, these students find good employment opportunities right here in Columbus – we are named among the best cities for college graduates. Millennials are also drawn by our thriving cultural, recreational and entertainment offerings. Numerous articles have citied Columbus’s appeal to Millennials, naming us the “Hottest Hipster Real Estate Market” and placing our communities among the “hot spots for Millennial home buyers.”

Our youthful, well-educated population is an advantage that helps attract major employers and investors to our area. In turn, our young adults have a variety of economic opportunities available after college, and the positive momentum feeds our economic and residential growth.

Our quality of life makes Columbus a great choice for home buyers of any generation! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Broker, CEBA-M, CNE, CSP, PSA, e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

The post Millennials are a Growing Force in Columbus Economy appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.

The 2017 State of the American Dream report found that more millennials believe homeownership is part of the American Dream than baby boomers! Millennials are 77 percent more likely than baby boomers to see a home primarily as a way to build wealth, and they are 29 percent more likely to see a home as an achievement that reflects hard work.

Millennials are portrayed as fickle and transient, but the report found that they are seeking the stability of homeownership even more than their parents. Two-thirds of millennial renters view homeownership as part of the American Dream.

Why does this group of young Americans want to own their own home? Aside from building wealth, here are the top five reasons, according to NerdWallet’s Millennials & Homebuying Study:

1.  They want control over their living space. A whopping 93 percent of young renters want to own so they can paint and renovate however they wish. They also want the freedom to grow their family or own pets and to have the space for doing so.

2.  They want a sense of privacy and security. These go hand-in-hand in homeownership, and 90 percent of millennials want this from homeownership. When you own, you have more control over who has access to your space and how you choose to secure it.

3.  They want to live in a nicer home. With rent prices skyrocketing, many young renters are living in outdated spaces to save money. This is why 81 percent of millennials want to live in a nicer space, which they can do by renovating or by buying a home that is newer and upgraded.

4.  They want to feel engaged in their community. Owning a home in a community can make you more involved, as 75 percent of millennials reported. When you stay put and get to know your neighbors, and when your home value depends partly on your surroundings, you care more!

5.  They want to have flexibility in future decisions. Owning a home is like forced savings, which gives your future more options. This is why 53 percent of millennials find it important to have financial options for the future in case of unforeseen circumstances.

As you can see, there are plenty of great reasons why owning a Metro Columbus home is the way to go!

As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!

Andrew Show
Broker, CEBA, CEBA-M, CNE, CSP, ABR-M, e-PRO, GREEN
Buyer’s Resource Realty Services
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

The post Why Millennials Become Homeowners in Metro Columbus appeared first on Columbus Ohio Real Estate | Buyer's Resource Realty Services.