Millennials Buy Homes for Their Best FriendsMillennials Buy Homes for Their Best Friends https://www.vellummortgage.com/wp-content/uploads/2019/01/article_millennialsbuyfortheirbf-1024x536.png 1024 536 Vellum Mortgage Vellum Mortgage https://secure.gravatar.com/avatar/f209948ea1aeda2aad05782684a123f8?s=96&d=mm&r=g
One–third of Millennials had their best friends at heart — dogs, that is — when deciding to buy their first homes. According to an online survey conducted by Harris Poll, only wanting a bigger home and to build equity rather than pay rent to someone else scored higher.
Here’s how the Top 5 rounds out
- Gain more space – 66%
- Build equity – 36%
- Give Max or Bella (the most popular dog names in 2017, according to the American Kennel Club) more room and/or a yard – 33%
- Got/Getting married – 25%
- Had/Having a baby – 19%
Looking ahead, 42% of Millennials who haven’t yet bought homes responded that owning or wanting to own a dog would be a big factor in their home buying decisions.