The Appeal of Smaller Homes to Millennials: 3 Reasons Why the Younger Generation Opt for Tiny, Minimalist Spaces

Millennials are the present and the future. They are a driving force in society; they shape and usher in new trends as well as prevail in the working class. In the Philippines alone, millennials comprise a third of the population, with many of them have established careers. Naturally, with a career on the rise, they would be looking for potential investments and one of these is homes of their own. However, contrary to the baby boomers before them, they prefer smaller homes over a sprawling, rich abode. Below are three reasons why smaller homes appeal to millennials. 

Convenience and Proximity over Luxuriousness 

Unlike the older generations who own houses, millennials opt for condominiums for convenience. Equipped with top-of-the-line facilities like gyms, pools, and spaces for recreational activities as well as 24/7 security, condominiums provide the perfect home for the always-on-the-go millennials. The sleek, elegant interiors and perfect views are an added bonus for the generation that favors a clutter-free, minimalist environment that screams aesthetic. More often than not, condos are also nearby to their workplace and places where they can chill and hang out like malls and are easily accessible by public transport. 

Change of Priorities

The majority of millennials are in no hurry to settle down and get married. As opposed to the generation that preceded them, their priorities veer more towards personal development, self-care, and becoming financially stable. Establishing families and acquiring properties are way below their bucket list as they go for a much more free-spirited lifestyle. Thus, they prefer to rent than buy as this provides the ease of moving in or out should a job opportunity that would require relocation arise. 

Flexible Payment Methods 

As the song goes “one step at a time, there’s no need to rush.” The same goes for millennials and buying property. As opposed to investing all at once, they take a liking to flexible, long-term payment alternatives. Aside from being a more efficient and feasible option, this allows them to seek other opportunities be it pursuing their passions or building a business, without leaving a huge dent in their finances. 

Millennials are shaping society as we know it. Perhaps it is time we take a page out of their books and consider choosing smaller homes. After all, despite their petite sizes, their appeal manages to shine through. Perhaps the millennials were onto something after all.