Renovation projects can be both daunting and expensive for homeowners. To properly pull off an upgrade, one should have an understanding of the scope of the work, have options to afford materials, and have a good understanding of the best types of DIY projects to take on. So, with the help of home renovation experts, get ready to paint and hammer your way through a dream home makeover. Read more HERE.
Young adults are all about making sacrifices and lifestyle trade-offs to get them on the path to homeownership, according to a new survey of 1,000 millennials, ages 22 to 38, by Chase Home Lending. Seventy percent of young adults say they’re willing to cut back on weekend activities, such as shopping, going to the movies, and splurging at the spa, at least once a month if it meant they could purchase a home in the next 12 months, the survey shows. Read more HERE.
A new survey from Porch.com, a home remodeling website, surveyed about 1,000 consumers to find the biggest neighborhood turnoffs. Noise, traffic, and crime were the chief concerns of buyers. Noise topped the list of neighborhood turnoffs, with 41% of respondents citing it as their top gripe, according to the survey. In fact, noise proved to be an even bigger deterrent than a high crime rate.
Home trends come and go, but which are most prime for falling out of favor? Apartment Therapy recently took a look at the unfiltered opinions of some 2,400 posts to a question on Reddit about home trends that people will most likely regret in 20 years. Here are a few of the most popular responses.
Homeowners have been less transient the last few years. In the first quarter of 2019, homeowners who sold their homes had owned them an average of 8.05 years, down slightly from a record high of 8.17 in the fourth quarter of 2018, reports real estate research firm ATTOM Data Solutions. Still, that’s up a 7.75 year average recorded a year ago.
Personal letters have been drawing criticism lately because of the potential for buyers to inadvertently reveal items that could hurt their negotiating position. Virginia real estate pro Daniel Bortz recently shared in a realtor.com® article some of the phrases he suggests buyers never use in an offer letter.
In certain metros, homes that have open houses tend to sell for more money and spend less time on the market, a new study from the real estate brokerage Redfin finds.
Homes with open houses sell, on average, for $9,046 more and spend seven fewer days on the market than homes without open houses, according to Redfin’s analysis, which compared sales-to-list-price ratios and times on the market of homes that had an open house within their first week on the market and homes that never had an open house.
Mark your calendar: Certain times of the year can offer seller premiums of 10 percent or more, and a majority of those days are during summer months.
ATTOM Data Solutions analyzed more than 28 million single-family home and condo sales over the past eight years to find the best time of year to sell. They found that the summer tends to be hot in real estate for more reasons than just the weather.
“The neighbors’ noise and aesthetics are among the top concerns of home buyers,” says Noah Goldberg, a Redfin real estate professional in Northern New Jersey. “If you have a bad neighbor, that’s something you’ll deal with every single day. You might hate that they still have Christmas decorations up in February or that the family upstairs lets their kids run around at night. Many people list their homes not because of a fault of the property but due to the surrounding situation.”
Goldberg shared on Redfin’s blog some of the most common type of neighbor complaints he encounters, whether from single-family or apartment dwellers.
Working with tenants is stressful, landlords agree. Eighty-eight percent of landlords recently surveyed say they have experienced some stress renting out their properties, yet 80 percent say the money from being a landlord is worth the stress, according to a new survey from Porch.com, a home remodeling website.