23
Apr 19

With Inventory Low: Will Your Dream Home Need Some TLC?

With Inventory Low: Will Your Dream Home Need Some TLC? | Simplifying The Market

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!

 

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23
Apr 19

A Professional Organizer Makes a Plain Rental Peaceful and Pretty


One of the ways Anna Eskridge made peace in this home? Donating the TV.
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23
Apr 19

This Condo Embodies the Minimal Maximalism Trend


This Austin home is a stylish example of one of the more interesting trends in interiors: Minimal Maximalism.
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23
Apr 19

Look Inside: A Mid-Century Modern Escape in New Mexico for $787,500


This stylish mid-century modern house is located in the hills overlooking Santa Fe.
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23
Apr 19

Today’s Amazon Deals Will Help You Have A Cleaner, Healthier Home This Spring


Save big on vacuums, water filters, and pressure washers today.
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23
Apr 19

This Floating Neighborhood in Amsterdam Offers a Sustainable Solution for Crowded Cities


It addresses the issue of rising water levels faced by many communities.
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22
Apr 19

Selling Your House: Here’s Why You Need A Pro In Your Corner!

Selling Your House: Here’s Why You Need A Pro In Your Corner! | Simplifying The Market

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.

Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate with if they decide to For Sale by Owner (FSBO):

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company, if there are challenges
  • The buyer’s lender, if the structure of the mortgage requires the sellers’ participation
  • The appraiser, if there is a question of value
  • The title company, if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality, if you need to get the CO permits mentioned above
  • The buyer’s buyer, in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you.

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22
Apr 19

Why I Absolutely Love That My Fiancé Celebrates a Different Easter Than I Do


Double the Easter, double the fun.
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22
Apr 19

Carpenters Say You’re Not Paying Enough Attention to These 4 Things in Your Home


Carpentry is at the heart of the entire structure of your home, yet chances are, you don’t know much about it.
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22
Apr 19

Villa Villekulla from ‘The New Adventures of Pippi Longstocking’ Is On Sale for $750K


The 131-year-old Captain’s House is in the Old Town section of Fernandina Beach.
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