A recent poll indicates millennials may be highly motivated by their furry friends to take the home-buying plunge. Small or non-existent yards for dogs, pricey pet rent fees and breed restrictions can all be major factors in the decision of many millennials to explore home-ownership. Homes that offer deluxe amenities for dogs can be major pluses for millennials who may be choosing to postpone or forego having children, opting for a pet instead.
Nicole Spector | NBC News
Millennials are now leading the pack of home buyers, and what’s one incentive driving them to take the mortgage plunge? Their dogs.
A recent survey conducted by Harris Poll on behalf of SunTrust Mortgage found that 33 percent of millennial home buyers’ decision to buy a home was driven chiefly by their dog. Furry friends outranked wedding bells (25 percent cited marriage as their top motivator for buying a home) and kids, too (only 19 percent said birth of a child was their prime incentive).
Read the rest of the article here: One Big Reason Millennials Are Buying Homes? For Their Dogs