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The continuous housing shortage has also had an impact on this choice, since it has prompted many current homeowners to remain in their homes and take use of their equity. Instead of dealing with the difficulties of purchasing in a competitive market, many homeowners are choosing to invest in their existing homes.
Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which homeimprovements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.
And that can certainly translate into increases in value. I also have some new podcasts in the works for my show at HomeValue Stories. I just aired one on home staging this week. After all, homeimprovements are all about good vibrations. I am working on new posts of my own. So, stayed tuned.
ADUs are growing at a rate of 9% or 100,000 per year, according to a new analysis by Porch.com, a homeimprovement site. In the largest cities, a home with an ADU is priced 35% higher, on average, than a home without one, according to Porch.com. . Properties that have one are sought after.
Knowing how to price your home correctly isn’t rocket science, but it’s still tricky. Property Valuation Your homevalue is the primary determiner of your asking price. Online HomeValue Estimation Informal home appraisal tools can give you ballpark estimates of how much your property is worth.
Renovations, which involve substantial homeimprovements, generally aren’t covered by standard insurance. Take inventory of the tools you already own. See if family, friends, or your local homeimprovement stores would be willing to rent or loan their tools.
Before the crisis, in most towns, inventory for homes in the $300,000 range was low. Make major repairs (many contractors might not be as busy as earlier in the year, so they might be eager to take on some homeimprovement projects such as replacing kitchen cabinets, etc.). Also look at available inventory.
Plan for Additional Expenses: Budget for closing costs, moving expenses and any immediate homeimprovements. How to Prepare Before Selling Your Current Home Do some prep work to ensure you’re ready for a smooth home-selling experience and your home is well-positioned for a successful sale.
Every year loan limits established for mortgage backers like Fannie Mae and Freddie Mac are reviewed and adjusted according to regional homevalues. This month’s headline: Inventory is at drought levels while median prices were little changed month to month. Monthly inventory stands at 0.4 The cupboards are bare.
growth in home prices for 2025, as housing inventories grow, and mortgage rates stay relatively flat. Markets that have seen inventories grow most quickly, including some in Florida and Texas, might be most susceptible to some small declines. Nationally, we are forecasting 1.5% A lot of this comes down to supply and demand.
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