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Dog-Gone It: How Pups Are Moving Millennials Into the Housing Market

Are dogs close to the hearts of their owners? Yes, if a recent study is any indication. In a Harris Poll released in July, 33 percent of millennial homeowners surveyed said additional yard space for their dogs was a part of the decision to purchase a home. The poll, conducted on behalf of SunTrust Mortgage, showed pets as a reason to purchase a home easily outpaced birth of a first child, which was the reason for only 19 percent of respondents.

Only buying a house for more space and to build up equity beat buying a home to accommodate a dog, according to the poll results.

Not only did homebuying millennials put pups high up the list as a reason to purchase, so did those of their 18- to 35-year-old age group who haven’t yet bought. Forty-two percent of those who plan to buy in the future will do so because of a dog.

[Read: 8 Things You Can Learn From a First-Time Homebuyer Bootcamp.]

Where Millennials Purchase Is Likely Influenced by Pets

The survey was big news, but not totally surprising, given the increased popularity of pets with the millennial generation.

It’s important to note, though, that this revelation is important to folks interested in real estate. Why? Because pets as a major factor in purchasing decisions are very likely to influence where millennials purchase a home.

Pets need space. Dogs, especially, need yards or at least nearby parks. That means urban cores and neighborhoods near them are not likely to get the nod from dog-conscious millennials.

Suburban areas where people can purchase a larger number of square feet for the price are more likely to be popular with the pet-friendly crowd. Rural areas might be popular with those who don’t mind a long commute to work or have the option of working remotely.

Home Building Needs to Keep Pets in Mind

Location isn’t the only priority when you’re buying with Fido or Whiskers in mind. Consider the elements of a property’s architecture and construction for an ideal living space for your pet:

Windows. Windows are likely to be a must for millennials with dogs or cats. Both types of pet like windows so much that owners dub them “dog TV” or “cat TV,” and they can, of course, be both if buyers have multiple pets.

Large windows, with either pet-friendly ledges wide enough for an animal to stretch out or ample room to set up a cat tree, are likely to be especially popular with homebuyers who have pets in tow.

Windows should either have screens or be able to accommodate them. Screens are important for the safety of dogs and cats. Cats, in particular, frequently jump from windows if they can. Window guards don’t really work with felines because, as owners know, they are very limber and can fit up, around and through almost any barrier with any space at all. Screens give full protection from dropping several stories in pursuit of a squirrel who had it coming.

[Read: What Best Places to Live Are Ideal for First-Time Homebuyers?]

Stairs and space. As far as pet preferences go, stairs may decline in popularity. Stairs, especially steep ones, can be a safety issue for very young puppies or kittens. They need safety gates just like human babies do. As pets age, they might find transporting themselves up and down multiple levels increasingly difficult, just as older people do. As a result, single-level homes may rise in popularity so pets of all ages can get to every room.

Homes need to be spacious, as well. Pets bring a need for at least some space — and sometimes a lot of space, depending on the breed and type of pet. Homebuyers to whom pets are important are going to be looking for sleeping space, “TV” space, litter box space, yard space and more.

Décor and design. Finally, décor that is usually the province of builders needs to be pet-friendly.

Some homes, for example, come with wall-to-wall carpet, which is not ideal if pets have any accidents, which can lead to time-consuming cleanup and spot treatment. Odors may remain even after carpets have been cleaned. Hard floors such as wood and tile are universally better for pet owners than carpet.

Cabinets and shelves can be issues as well. Some stored food, like chocolate in a pantry, can be poisonous to both cats and dogs. Outdoor chemicals often stored in the garage including antifreeze, insecticides and herbicides are also poisonous. As a result, cabinets, shelves and other storage areas will need to be able to be locked or otherwise secured to ensure pets can go rooting around.

Builders and designers also need to give some thought to pet-friendly design of electrical cords and window treatments. Pets can strangle or catch paws in electrical cords, window cords and certain types of curtains. Builders who give thought to maximizing safety for pets are likely to meet the buying needs of millennials.

[See: 8 Potential Headaches to Be Aware of Before Becoming a Homeowner.]

Millennials Are Taking Fido Home

The word is out: Millennials often buy homes, or plan to buy homes, to give a pet more space. This trend is likely to affect where millennials buy. They will need yard space and relatively spacious homes. They will also need pet-friendly building plans, with attention to large windows, hardwood floors and safety features. Builders who meet these needs are likely to find 18- to 35-year-old buyers with pets very happy with their homes.

More from U.S. News

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5 Reasons to Start House Hunting in Late Summer

Dog-Gone It: How Pups Are Moving Millennials Into the Housing Market originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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