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Millennials put pets first when buying a home.

Tuesday, January 7, 2020   /   by Vanessa Saunders

Millennials put pets first when buying a home.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

The statistics are coming in about the link between Millennials and their pets. Astonishingly, a full 73 percent of Millennials currently own a pet, according to the American Pet Products Association. 

A whopping 89 percent of Millennials who bought a home in 2019 also own a pet, according to Realtor.com. Realtor also reported that 79 percent of pet-owning home buyers who closed on a property in 2019 said they would pass up an otherwise perfect home if it didn’t meet the needs of their pets.

Keeping pets happy appears to be a millennial priority. Millennials are interested in pet amenities because they’ve been waiting to own a house first so they can get a pet of their own without the blessing of a landlord. 

On their wish lists: first and foremost, outdoor space — a yard or at least a park within walking distance. Owners with older pets often have concerns about stairs. More affluent buyers want a dog grooming station in the mud room. Also, being near pet-friendly restaurants and pet supply stores is a big plus, especially for young urban buyers who might not have a car.

And once Millennials purchase a home, they often put big bucks into upgrades for their pets. On the menu are higher fences, so pets not only can't get out, but other animals can't get in. Pet doors are the least of it. Some pet owners in the demographic indicated a separate pet shower was desirable, so the owner wouldn't have to share and clean dog hair from the drain of their own shower.

Surprisingly, this trend is not new in real estate. Luxury landlords have been catering to their high-end tenants for years, putting in dog runs on rental tower roofs and pet salons off lobbies. But now, as more Millennials are buying homes, they are seeking the same amenities.

We at Global Property Systems Real Estate applaud Millennials seeking pets and pet friendly homes. We encourage everyone to consider adopting "rescue" pets - animals in the care of shelters without permanent homes. Getting pets from shelters rather than breeders is less expensive, and avoids the support of puppy mills. These loving creatures need your help. 

We Love Our Mutts!

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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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