In process of selling now and did see some truth in the article. House is historic, 2020 sq ft, built in the mid to late 1800’s in the country. I love history and antiques. But.... younger people aren’t into that.
Older homes do not have expansive bedrooms and bathrooms which is what the millennial buyers want. When they look at the house they talk about knocking down walls.... lots of them. :-o
The market has definitely changed.
This millennial is very much into that! I own a few historic houses, mostly bought for sentiment. Sometimes the architecture is irresistible. True the bathrooms are always too small, and often built as add-ons where a porch originally was. Usually on the cold side of the house too. :(
Last year I bought a rundown 6BR house, 4000sf, for $10k. FSBO, owner out of state just wanted it off his hands. It's only had 3 owners in 100 years. After I've tarted it up a little more, I might just move in. Never lived in a small place or a post-1920s place, and can't imagine ever doing so.