How Gen Zs and Millennials Make Use Technology to Find Their Dream Home

In a digitally saturated world, being tech-savvy becomes a life skill that both the young and older generations must learn and master to keep up with a swiftly advancing digital society. It's no surprise that Gen Zs and millennials are effortlessly acing this skill, and this tech-savviness can be utilized for a plethora of things not limited to online entertainment and leisure, but also with financial literacy and the prospect of homeownership.

The millennial age group (also called Generation Y, ages 26 to 41 this 2022) is the Philippines' top consumer of real estate according to official reports, beating baby boomers and other older age groups in homeownership. In the US setting, a 2016 report from a US-based real estate company showed 82 percent of Gen Z respondents (ages 10 to 25 years old this 2022) who said that homeownership is what fulfills the proverbial American Dream.

In this article, we seek to be of help to Generation Z and millennial buyers to find their dream house by maximizing their technology skills in their virtual home hunting.

It's possible to purchase your dream home at a young age

An exemplary testament of millennials taking responsibility is Mharvic Micco Bartolome, who graduated with a business administration degree while working as a sales assistant. He finished his studies with girlfriend Vivian Diego, who graduated with a hospitality management degree while also working as a supervisor in a famous fast-food chain.

They purchased their dream house at Lumina Pililla as a graduation gift for each other, and it's all thanks to their hard work, dedication, and knowing to separate their wants and needs to manage paying for their home and taking residence within the community that they immediately thought was bursting with a relaxing atmosphere. Mharvic and Vivian are living examples of responsible adults who spend their money wisely through investments.

Read their full story here: This Working Student Couple Proves That You Are Never Too Young to Get Your Dream House

Using technology to buy a dream house for Zoomers: Here's how

The story of Mharvic and Vivian is just one of the many success stories featuring young adults who were able to unlock their dream homes despite the challenges and doubts that come with being "too young." But they are testaments that these challenges can be overcome, and that dreams can be turned into a sweet reality if one gives his best efforts to accomplish them.

Below, we tackle more about conveniently using technology among digital natives and home buyers in their online shopping and property information gathering.

Search for properties online through trusted sites.

Owing to millennials' and Gen Z's tech skills, they could distinguish legitimate sites from suspicious ones, as well as accredited sellers from bogus retailers. And this could be tremendously relied upon when browsing for properties online to make sure everything is taken great care of without fear of being scammed.

If you browse through the Lumina Homes website, you will be routed directly to its Home page, where you will be met with a variety of options available to make your home-buying process smooth-sailing and hassle-free. There is also a handy loan calculator at the bottom left of the screen that you could use to do some basic math about your financing options.

1. Property Finder

In this section, browsers are given a set of options to choose to narrow down their property preferences, from location, property type, price range, and whether you are calculating based on your income or the property price itself.

2. E-Services

Lumina Homes Online is catered to all potential buyers and existing Lumina homeowners to make reservations, online payments, appointments, as well as enrolling in our free online courses through Lumina Homes University and signing up for an online portal among Lumina homeowners.

3. Available Properties

You would not want to land on a website where properties have no indication of whether they are still available or already sold out. In this part of the website, Lumina Homes shows available properties that you could check and inspect for features and amenities.

4. Project Progress

A company's success indicator is seen through expansions and developments. Here, Lumina Homes highlights community locations and the percentage in which they are completed.

5. Guides and FAQs

The company recognizes how investing in real estate could be initially daunting. Just from learning industry terminologies, it could feel overwhelming. In this section, we made sure that some of the most frequently asked questions (FAQs) are addressed with easy-to-understand explanations. Once you clicked on the FAQs tab, you will be taken to a Search page where you could input keywords related to your homeownership queries.

6. Virtual Tours

This segment of the website is one of the most crucial parts of catering to potential homebuyers. Virtual tours of properties are an excellent alternative to going onsite to physically inspect properties. This digital tour will give you previews of housing models that may be of interest to you.

7. Awards and Recognitions

Lumina Homes established its trustworthiness as a real estate brand with its awards and recognitions as indicated in the latter portion of the home page. It has been awarded by Pag-IBIG Fund as a premier housing developer in the country that offers quality yet affordable house and lot for Filipino families and young professionals.

8. News and Blogs

Lumina Homes also helps in disseminating useful information, guides, the latest trends, and a lot more with different subject matters, ranging mostly from real estate, finance, investments, culture, and other relevant news happening on the Philippine soil.

9. Contact Us

Finally, the page where you could contact somebody from our team to cater to all your inquiries and investment prospects for a quality house and lot in the Philippines.

All these sections under the Home tab are discussed chronologically from top to bottom as you browse down below. To make the website even more user-friendly, categories are also shown in the upper-middle portion of the screen for easier navigation and transaction for both buying and the selling process.

Be financially literate by watching tips from industry experts.

There are several industry experts in the real estate market who offer free real estate advice through their chosen social media channels. Get ideas and useful advice from their expertise and learn them better by watching, especially if you're not fond of reading long pieces of text.

At Lumina Homes, we have hundreds of archived and preserved video logs (Vlogs) that home-hunters can learn from through verified Lumina Homes sales agents. Our latest video entry tackles various ways how to shorten a home buyer's housing loan term in bank financing. What is more, we also cover topics such as the pros and cons of pre-sellings, real estate investment for beginners, must-know real estate terminologies, and many more.

Connect with a real estate agent online for inquiries.

Claim that you're going to have your own home soon, and a professional real estate agent is your partner in making this dream a reality. That is to say, an agent can accommodate you with your basic to the most crucial information about real estate investing and homeownership.

While published information on our website helps a lot, admittedly not everything is complete with answers. Besides, you sure do have other inquiries that need direct answers from a professional. Also, if you would need clarification about something, a real estate agent could accommodate you to clear out any confusion.

However, it's also crucial to take note that not all questions can be answered by real estate agents. If questions regarding legal matters and procedures come in, your agent may have to refer you to a colleague in the legal profession.

If you visit and send a message through the Lumina Homes website, you will be connected to an available agent to respond to your immediate concerns. Alternatively, you can send a direct message about an affordable house and lot for sale through any of our social media channels like Facebook, Twitter, Instagram, or you can send a text message to (0917) 629 6523 or (0999) 229 2558.

'A keystone of wealth'

According to personal finance expert Suze Orman, homeownership is a keystone of wealth that provides "financial affluence and emotional security.” This is a mantra that will surely resonate with the young generation, where there is comfort in investments not only financially but also in one's emotional well-being.

Technology has advanced so much that arguably every transaction is doable online if all companies and businesses would keep up with the urgent need for the digitization of services for convenience in the post-pandemic era. This way, they are catering to millennials and GenZs, who are frontrunners in digital consumption and the future's foremost investors.

Aside from being top consumers of online entertainment content, these digital natives are also growing up to be responsible, financially literate adults who take homeownership very seriously. It is only right to make use of their natural skills in technology not only with online entertainment content but also with other important things, such as educating one's self with finances, investments, and finding their dream home.