13 things rich millennials look for in a luxury home, according to real-estate agents
- Rich millennials like a luxury home with function.
- While rich millennials prefer a new and modern look, they're mostly focused on convenience and amenities.
- Here's what rich millennials look for in a luxury home, according to real-estate agents in New York, California, and Florida.
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For rich millennials, luxury homes are largely about function.
Business Insider spoke to real-estate agents in three popular states among rich millennials - New York, California, and Florida - about what the demographic looks for in a luxury home. While specifics depend on the buyer's situation - like whether they're married, single, or have kids - some common themes cropped up.
Turns out, rich millennials like a new, clean, and modern design, but they seem to be less about aesthetic and more about convenience and amenities.
And they care less about size and more about quality, West Palm Beach real-estate agent Burt Minkoff of Douglas Elliman told Business Insider. They're also more savvy buyers, according to Southern California agent Sally Forster Jones of Compass, who told Business Insider that rich millennials are cautious about their money and make sure they don't overpay.
Here's what rich millennials look for in a luxury home, according to real-estate agents.