Those in the home building industry are optimistic about the outlook for 2014, with many analysts predicting a sharp rise in the number of homes that are going to be built compared to last year. The market has rebounded to a healthy level that has not been seen since before the housing and financial crises of 2008. Because of this, many people are now involved in the process of house flipping, which is buying a house with the intent of fixing it up and putting it back on the market within six months. The biggest target for house flippers are millennials – people between the ages of 25 and 34 years old.
People interested in selling to millennials are finding that they are most interested in outfitting the houses with energy efficient technology. An example of one of these eco-friendly properties is the official showroom of the International Builders' Show, which is an annual trade show event for people in the construction industry. Located in Las Vegas, it acts as a preview of what the millennial generation is looking for in a new home.
Having a more technology-friendly house is only part of the equation for millennial homebuyers. These days, more people are becoming aware of their impact on the environment and are looking for ways to reduce their carbon footprints. This awareness is now finding its way into popular housing trends. The display home in Las Vegas uses solar-powered panels that provide over 80 percent of the home's power and comes equipped with a station to charge an electric car. The house is a large scale – and expensive – version of future energy efficiency initiatives.
You can improve the energy efficiency in your current home with the help of Alban Inspections. Have an energy audit today to find out where you can cut down on your energy consumption.