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Millennial Home Buying Trends: Killing it in the real estate game

614now Staff

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Tired of the Millennial stereotypes? Us too! In the real estate game, Millennials are not only winning, they are way ahead of the pack! Here are the latest trends in Millennial home buying, but feel free to start your own—think outside of the house!

Are you a first-time home buyer?
Approximately 52% of Millennials who are buying homes are first-time home buyers, and damn proud of it. 

A large majority of millennials were renting until they whipped out their Texas Instruments and realized the massive loss they are experiencing through equity. What even is equity anyway? It’s the value of your home minus what you owe on it. For example, after just two years of owning a home, we have had multiple clients who have sold their home for reasons of either upgrading or relocating, and have made over $30,000. 

By buying your first home, you can enjoy the benefits of ownership and tax incentives while also building equity for similar amounts (or less in some cases) than you were paying each month in rent previously. 

P.S. worried about a down payment? Never fear! There are multiple programs—The American Dream Program, Grants for Teachers, Service Employees, etc.—that can have you at the closing table with $0 DOWN. Legit, no lie!

Check out the graph below to see just how much money you’re forking over to your landlord by choosing not to buy:

Say “I do” and grab yourself a home
The majority of home-buying Millennials are buying single-family homes versus condos. 

Most Millennials are buying single-family homes versus condos partially because over 50% of the people in that demographic are either married or in long-term relationships. We work with many first-time home buyers and are not surprised that these smarties want to cash in on those tax benefits and double income. But hey, no one here is hating on a condo—we all know it’s a great way to have all the perks of home ownership sans the exterior maintenance. 

Because I said so.. That’s why!
The majority of millennials are buying homes simply because they want to.

While some people made the decision to buy because they wanted to own a larger home, be closer to friends and family, or were moving due to job relocation, more and more Millennials are purchasing simply because they wanted a home of their own. In fact, the general desire to own a home was listed as the reason for buying a home by as many Millennials as all the aforementioned reasons combined! So, live your best life, get yourself into a home, and feel proud! 

Beyond the Outerbelt
Millennials are livin’ in the ‘burbs and lovin’ it.

One big trend among Millennial home buyers is that they were buying homes in the suburbs. It could be the need to have easy access to the local Target, but even more so, it’s the resale value. Buying a home in the ‘burbs means you eventually get to sell one there, and suburban resale value is looking significantly hot these days. This wasn’t restricted only to Millennials, either; 51% of all homes purchased in 2018 were located in suburban areas or subdivisions. 

Not digging the new builds
A vast majority of the homes Millennials purchased have been previously owned.

Though there have been a number of new subdivisions built around the country in recent years, only a small percentage of Millennials are buying into them. Is it the mature trees, the character, the lack of construction? We’re not sure. But regardless, the buying preference is geared towards wisdom over a youth trend in the housing market. 

Just a short Uber drive away
Millennials prioritize location over cost when it comes to home buying. 

There are a number of factors that affected the purchasing decisions of Millennials. The presence of public transit or proximity to work was one major factor, with many Millennials trying to minimize fuel costs. Heating and cooling efficiency also played an important role. In general, Millennials were more willing to compromise on price than on a home’s condition, but only around 20 percent were willing to compromise on the distance of their new home from work.

After Googling, what’s your next step?
Millennials lean on real estate agents for home buying information. 

By far, the majority of Millennials started their home search by looking online to try and find properties for sale and discover their vibe. Around 15% spent even more time online than that, learning the ins and outs of the home buying process before even starting to look at properties. Beyond online sources, Millennials trusted real estate agents the most for information about homes for sale. The entire process took about 10 weeks on average before finding the home they wanted to buy, though a real estate agent was involved for the last seven or so weeks of the search. 

Jenn and Lauren of the LKW Home Team are here to walk you through the home buying process. We handle the hard questions, negotiate on your behalf, advise you on your purchase, offer complimentary home buyers consultations, and aim to ensure a safe and successful transaction. Did you know as a purchaser, real estate agents are completely FREE to you? That’s right! So, the moment you are thinking of starting that Google search, reach out to us instead. In the extremely competitive Columbus market, we will get you home results the second they hit the market, and meet you there asap! 

Thinking of Real Estate Investing or even becoming a Real Estate Agent?The LKW Home Team would be ecstatic to get your Real Estate profile started or expanded, and help you get your Real Estate Career into gear, so reach out to Jenn Kessel-White and Lauren Lucas at [email protected] or text /call (614) 321-9262

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Arts & Culture

Gallery Space: Danielle Deley

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In the ‘60s, the clash of mass culture and fine art exploded. Led by New York-based artist Andy Warhol, whose silkscreen paintings of Campbell’s Soup Cans and Marilyn Monroe were instantly iconicized, the vibrant basis of his works became known as pop art. While Warhol was one of the founding pop art leaders, the lesser-recognized Roy Lichtenstein was a Fine Arts graduate from The Ohio State University in 1949 and was notable for his comic-like expressionism.

Subtly following Lichtenstein’s influential trajectory is visual artist Danielle Deley, who’s currently prepping for her Skylab show Jubilee. Her use of color is rich in tone, and her subjects are easily recognizable, with cultural nods to Frank Ocean, Barbara Streisand and the late David Bowie as Ziggy Stardust.

Photos: Brian Kaiser

“I want Jubilee to feel like you’re walking back into the height of the pop art era. I might have a more muted color palette than Lichtenstein, but I want it to make a comment about traditional fine art,” Deley said. “Each of the 2D pieces are based off of very popular sculptures in Greek and Renaissance art. Each 3D piece is taken from paintings from that same time period.”

Originally from Youngstown, Deley graduated from CCAD in 2011 with a BFA in graphic design and advertising. Spending a semester in England while she attended CCAD, Deley regularly kept in contact with her grade school art teachers, who provided encouragement and foundational skills. Their guidance led her into becoming co-president of the Columbus Society of Communicating Arts, and even illustrating Chicago Mayor Lori Lightfoot on a cover of Chicago Reader in April. Through Deley’s intricate, pastel design, Lightfoot is recreated into a queen of spades form.

“Sue Kwong, the creative lead for the Chicago Reader, reached out, had this awesome cover idea and wanted me to bring her vision to life,” Deley said about the collaboration. “She found me on this forum called Women Who Draw, something I submitted to six years ago. They make a space for female artists and illustrators to find other female artists and illustrators. [Illustrating the cover] probably took eight hours. It was my first cover illustration for a big publication so I wanted to get it right.”

Often visiting Gateway Film Center to see how films are composed, Deley actively studies the meticulous craft of cinematography, along with going to intimate gallery spaces to align with the art community. After graduating from CCAD, Deley would only create on her computer, but decided to transition her work into watercoloring. “[Watercoloring] then moved into gouache, wood carving, and finally painting with acrylics. My style started to take shape just from doing these small projects that popped into my head,” she said. “My first one was The Young and the Restless illustration that I have on my website and I just couldn’t stop. The style stayed the same but I would push myself with composition, size, and color.”

Currently contracting as a designer at independent digital design Studio Freight, Deley also co-created the “mind reading” board game Medium, which Two Dollar Radio attendees had the chance to celebrate and play after its release. In August, Delay also illustrated children’s (and dog lovers) book Good Night, Buckeye with author Dan Wurth, with all proceeds from the book benefitting Canine Companions for Independence. With Deley’s hectic creative schedule, Jubilee could have become an afterthought, but she assures (614) that the show’s creation was intentional, with retrospective, familial ties.

“I came up [with] the name [of Jubilee] for two reasons. One, Jubilee came from the idea of celebrating. I thought it was time to celebrate this style I’ve been creating,” she said. “And two, it’s an homage to my grandparents. My Baba would always make this rich and delicious cookies called ‘jubilees’. They were always doing a craft with me or when I would come visit they were creating something.”

With appreciation for local art venues such as 934 Gallery, No Place Gallery and Roy G Biv, Deley avidly wanted for Jubilee to be placed in Skylab, ready to share her “post-pop art” genre with Columbus. “Skylab was the perfect space to propose this show. Its view of art has always been contemporary and experimental, and that’s how I view everything I make,” she said. “Contemporary art for me is about making things weird and beautiful at the same time and that’s how I hope people perceive Jubilee.

Jubilee opens Jan. 1, 2020 at Skylab Gallery, located at 57 E Gay St., 5th floor.
Visit danielledeley.com or @danielle_deley on Instagram for more information.

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Arts & Culture

Thinking Big: The Amazing Giants bring circus arts to events across town

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If you have been to a local festival, parade, or corporate event where you’ve seen stilt walkers, fire-eaters, hula-hoopers or lyra artists, there’s a good chance you’ve been in the presence of an Amazing Giant. Founded in 2011 by Jessica Minshall, The Amazing Giants was born out of one woman’s love of stilt walking and her friends’ desire to learn the skill. Now a new challenge is looming for the group—a business expansion to Hawaii.

Working in the service industry, Minshall saw a need in Columbus for a different type of entertainment. She taught herself how to walk on stilts for a festival gig out of state. This new hobby intrigued a group of her friends, and they decided to learn, too. From there, The Amazing Giants were born. “My partner and I bought a lot of stilts and just taught people how to do it,” she said. “We all found each other.”

What began as a few friends learning a new skill and having fun together practicing it evolved into a booming business with 40 employees and contract workers, including magicians, face painters and more. They are hired for events to do everything from wearing full bodysuits covered in tiny mirrors and dancing to wearing and serving champagne from large metal skirts to dazzle a crowd.

“We have evolved with different equipment, too,” Minshall said. The Amazing Giants owns the only sway pole in the Midwest. It allows performers to create a large- scale spectacle with an extreme cirque-style pole acrobatic act without the need for a permanent installation. With hundreds of costumes, 20 pairs of stilts, and entertainment offerings of just about every circus art imaginable, The Amazing Giants truly seek to astound.

Having had great success in the Columbus market, Minshall decided to grow her business, and recently brought The Amazing Giants to Honolulu. “I had family out here that I would visit and realized they don’t have anyone doing what we do. There’s not really a group or team of stilt walkers working together,” she said. So Minshall bought six pairs of stilts, and hosts open gyms where interested performers can show off their skills and possibly train on stilts. “They don’t need to send me a resume, necessarily,” she said. “It’s about personality and talent.”

Importantly, Amazing Giants must have an abundance of confidence without an overabundance of ego. “I tell people we have to get comfortable being uncomfortable. As an entertainer you have to get over your shyness and put yourself out there.” The ability to work as a collaborative team player is also key, she said. “Our team often works in tight quarters, and whether or not it is well-received, you have to put on the show as best you can.”

Although Minshall is keeping the headquarters in Columbus, now headed by Chief of Operations Olivia Ranier, she says she is excited about the expansion and her recent move to Honolulu. “It reminds me a lot of Columbus because it has that small-town, big-city feel with a similar {\(metropolitan area) population of around one million people,” Minshall said. And the environment is ripe for her type of business. “In Honolulu, we have events year-round; in Columbus our business slows down after New Year’s Eve,” she said. “There is also a lot more tourism and a convention center that brings in a ton of people.”

Although her business has expanded, don’t for a second go thinking that Minshall is going to forget where she comes from. “A lot of times people ask me where I am from and they say, ‘Wow, I’ve been hearing a lot about Ohio lately.’ I have nothing but good things to say about Columbus and what kind of platform it’s given me. It’s a massive city with a thriving arts and entertainment culture—and it’s extremely underrated. I will be Columbus-promoting forever.”

For more information visit theamazinggiants.com.

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Sports

Big Macs and Bowl Games: Enter McDonalds sweepstakes for college football getaway

614now Staff

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Now that Ohio State has secured its bid to play in the 2019 College Football Playoffs, every fan across Columbus is vying for tickets to the Bowl Game. Lucky for you, McDonald’s has the answer.

Today, McDonald’s launches their Buckeye Bowl Game Sweepstakes in partnership with Ohio State Athletics, where one lucky winner will win a trip for two to the 2019 Fiesta Bowl Game on Saturday, Dec. 28, including prime tickets to the game, transportation to and from, plus hotel and travel accommodations.

Fans can enter the Buckeye Bowl Game Sweepstakes by purchasing a Quarter Pounder or Quarter Pounder with cheese from any McDonald’s in the greater Columbus area, either in restaurants or through their favorite delivery service. With each order, customers will receive a golden ticket with entry details, leading them to the sweepstakes website.

And the best part is for every submission placed, McDonald’s Owner/Operators of Columbus will donate $1 to Ronald McDonald House Charities of Central Ohio, helping them meet their annual fundraising goal.

“For McDonald’s, and for those of us as local business owners, it’s about more than selling burgers. It’s about creating a lasting impact in our community,” said Mike Telich, Columbus McDonald’s Owner/Operator in a statement. “Supporting RMHC is more than just a donation, its ensuring families with ill or injured children get the emotional and physical support they need, as well an alternative to the financial burden of staying at a hotel and going out for meals."

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