They make Instagram accounts for their dogs. They bring their dogs to brunch. They throw doggie birthday parties and weddings and spend a fortune on organic dog treats. So, it’s no surprise millennials are also choosing their homes based on dog-friendliness. Although Streeterville is known for its stunning high rises and big city feel, it is quickly becoming a millennial magnet because of its reputation as a dog-friendly haven. The number of pet-welcoming condos is multiplying, and the incredibly pedestrian-friendly neighborhood makes it easy for locals to walk the street with their four-legged babies. Whether they’re moving out of their parents’ house for the first time or buying a home after years of renting, millennials aren’t willing to leave their dogs behind. Condos that don’t just tolerate pets but welcome them with open arms is a significant plus for this generation as they step into the real estate market. Condos like One Bennett Park offer beautiful residences for humans and their dogs and are close to public parks, dog parks, and pet supply stores. The location of luxury condos like this makes it quick and convenient for dog owners to hit the trail or swing by a dog park without going too far out of their way. Millennials are planners, and they’re not willing to settle. They want comfort, convenience, and a welcoming, inclusive community — and that includes all members of the family. For the rising number of millennials who are choosing to have jobs and dogs and social lives instead of kids (for now!), areas like Streeterville are looking even more appealing. Being in a good school district isn’t usually high on the “must have” list for millennial home buyers, but easy access to dog parks and not having to deal with the hassle that comes with pet fees and restrictions is a big perk. A recent study that polled millennial homebuyers showed that 42 percent of homebuyers listed that their dog — even their future dog — was a critical factor in where they decided to buy a home. Even homebuyers who don’t have a dog yet cited that they definitely see a pet in their future and want to live in a place that makes having a pet hassle-free. Streeterville is known for its impressive high rises, but millennials are finding single-family homes in the area that are affordable, safe, and Fido-approved as well. Many homebuyers are looking for homes with dog-friendly amenities, such as big yards that are fenced in and are finding them in Streeterville. Known as “The Gateway to the Navy Pier,” this bustling district offers all of the perks that millennials are looking for in a first-time neighborhood, including bars with pet-friendly patios, miles of walking trails, and access to dog-friendly beaches. While millennials aren’t known for staying in one spot very long, they are entering the real estate game with a set of expectations that will make life for them, and their pups, enjoyable while they’re there.
The best News in Real Estate
Although millennials are buying property later in life than their parents did, they still have a pretty fixed idea about what they’re looking for in a home. Though this generation has a reputation for aversion to commitments, that couldn’t be further from the truth — they’re buying homes at an unprecedented rate. Millennials are driven, upwardly mobile, and, increasingly, looking to make a solid investment in homes for their families. But there are differences: For instance, being in a good school district, while a significant factor for their parents, is not a “make it or break it” for millennials. They may not be sure they’ll be in the same spot five years from now, so the neighborhood they pick needs to fit their lifestyle now, not necessarily forever. Forbes called Chicago one of the best cities for millennials in 2017. Tons of entertainment, easy transportation and low cost of living attract young adults from all over the Midwest, the country, and the world. Chicago sees more young professionals buying homes and investing in their future every day. With booming tech and medical industries and a healthy job market overall, Chicago proves itself an attractive city to live and thrive. So what are millennials looking for in a neighborhood? 1. Things To Do Millennials have always had the world at their fingertips. They barely remember a time before the internet and have a deep need for quick information and communication. Being able to quickly and easily connect with people is essential for this generation. They want to be able to get a group of people together for drinks, food trucks, or a charity softball game without much effort. They want easy access to middle of the week date nightspots like GreenRiver in Streeterville, which just received a Michelin Star. Trendy boutiques, and foodie-approved restaurants can found throughout the Streeterville neighborhood. When they aren’t climbing the corporate ladder or working on their own businesses, they want to get out. They want to experience all that life has to offer and need to be in a place where finding an adventure is easy to do. Streeterville, centrally located with easy access to movie theaters and beautiful, dog-friendly parks proves an attractive prospect for young buyers. 2. Neighborhood Safety Once they find that bustling area, millennials want to be sure they can come and go from their home without worrying about personal security. They want to be in an area that has a low crime rate, where they feel safe walking their dogs at night or going out with friends, and where they can get to know their neighbors. Chicago’s gotten a bad rap when it comes to crime. However, most neighborhoods are incredibly safe. The loop in particular, boasts low crime rates and attracts swarms of young professionals looking for a safe place to live. Plus, they want to make sure their parents aren’t back home worrying about them! 3. Solid Investment This is key. Millennials, like everyone else, work hard for their money. […]
This backyard is #goals. Thanks for the feature Chicago Tribune… We think this home is pretty dreamy too! Contact Michael P Murphy for more information on this stunning Flossmoor home.
Chicago Tribune Dream Home’s featured Related Realty Broker Alex Haralambakis’ listing located at 1928 W. Wellington Ave. in Chicago: $1,199,999. CLICK HERE for details and photos of this stunning home!
Chicago Agent Magazine published their “Owning your niche: How agents choose their specialty” story featuring great insight from Related Realty broker Nick Can Gorp. CLICK HERE to read the story!