LITTLE ROCK, Ark. (KTHV) - When it comes to home buying, Millennials are leading the pack.
However, it isn’t marriage or children driving their decision. It's their pets.
According to a recent survey conducted by SunTrust Mortgage, 33 percent of millennial home buyers' decision to buy a home was driven chiefly by their dog.
For years, former THV11 employee Paul Hughes has dreamt about adopting a dog.
“I had planned on getting an older dog, but then I met her and it was love at first sight,” Hughes said.
In July, he met and fell in love with Fiona, a four-month-old Pitbull at the Little Rock Animal Village. But before he made the decision to adopt, he had to find the perfect location for his new family.
“One of the biggest things was having a yard. I wanted to be in a neighborhood where I would feel comfortable walking around at night and I also wanted to have enough space for it to not be too cramped. My previous apartment was so small that even with a mid-size dog it was really cramped.”
Hughes is renting his home now, but when it comes to millennials getting ready to purchase their first home, their reasons for buying are different than previous generations. One of the key factors in making a decision is their pet.
“Whenever we take buyers through the initial consultation, we always ask them do they have any children and the very next question is do they have any pets,” said realtor, Ray Ellen.
Ray Ellen is a realtor with the Property Group in Little Rock. He said millennials purchasing homes is on the rise and with many waiting longer to get married and have children, their focus is on their pets.
“They need something that is fenced in, easy access to their backyard. A lot of them are looking for larger laundry rooms so they can put a kennel or cat box or something like that,” said Ellen.
Ellen suggests if you are selling your home and don't have a pet, make sure your home is pet-friendly.
He suggests putting in a fence and enlarging your laundry room to fit a kennel or litter box.
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