With Inventory Low: Will Your Dream Home Need Some TLC?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!
Realtor.com’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.
“The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating.
Replete with inspiration at their fingertips – like Pinterest, Instagram, and various home renovation TV shows – some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget.”
Just over half of all respondents who said they would be willing to buy a home in need of some TLC, would also spend more $20,000 to make the home fit their needs.
The most common ‘expected’ renovation is a kitchen remodel which can run anywhere from $22,000 for a minor remodel to $66,000 for a major remodel.
This isn’t a new trend by any means. According to the Joint Center for Housing Studies at Harvard University, home improvement project spending reached a new high in 2018.
“Americans spent $336.9 billion on remodeling projects, up 7.4% from the $313.6 billion a year earlier.”
Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!
Bottom Line
If you are one of the many Americans considering buying a home this spring, let’s get together to help you find a house with the potential to be your dream home!
Should you have your home pre-appraised before placing it on the Market?
In the complex and often unpredictable journey of selling a home, understanding the value of your property through a pre-listing appraisal emerges as a critical step that can significantly impact the outcome of your sale. This introduction to pre-listing appraisals...
State of Utah Market Update – Residential Homes
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING...
Ritalin bez receptu: Kde a jak ho legálně zakoupit online v České republice?
Ritalin na prodej online bez receptu v České republice V posledních letech se v České republice stále více diskutuje o léku Ritalin, který je často používán k léčbě poruchy pozornosti s...
6 Must-Haves for a 2025 Home Sale
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING SPECIALIST (CLHM) PSA (Pricing Strategy Advisor) General Contractor 2000 (in-active) e-pro (advanced digital marketing)...
Koupit Adderall online bez lékařského předpisu – snadno a rychle
Koupit Adderall bez lékařského předpisu jednoduše online V dnešní době je stále více lidí, kteří hledají efektivní způsoby, jak získat léky bez nutnosti navštívit...
Koupě Ritalinu online: Jak na to v České republice
Koupit Ritalin na internetu v České republice Ritalin, známý také jako methylfenidát, je lék často předepisovaný k léčbě ADHD (porucha pozornosti s hyperaktivitou). V posledních letech se stále...
Jak legálně získat Ritalin v České republice bez lékařského předpisu
Jak získat Ritalin bez receptu v České republice Ritalin, známý také jako methylfenidát, je lék často předepisovaný na léčbu poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Vzhledem k jeho...
Dostupnost Adderallu v České republice: Co potřebujete vědět
Adderall a jeho dostupnost v České republice Adderall je lék, který se často používá k léčbě poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Tento lék kombinuje amfetaminové soli, které...
Adderall: Cena a dostupnost v českých lékárnách
Adderall a jeho cena v lékárně Adderall je lék, který se často používá k léčbě poruchy pozornosti s hyperaktivitou (ADHD) a narkolepsie. Obsahuje kombinaci amfetaminu a dextroamfetaminu, které...
Top 8 most asked questions from Home Buyers and Sellers.
Top 8 most asked questions Home Buyers and Sellers ask From Home Buyers 1. **What is the current market condition?** Buyers want to know whether it’s a buyer’s or seller’s market to gauge competition and pricing. 2. **What are the property taxes and homeowners...