Monthly Archives: July 2014

2/3 of Homeowners Plan Renovations Within 6 Months: Survey

According to the latest Realtor.com survey, 67% of homeowners
nationally plan home renovations in the next six months.

The survey comprised over 1,500 respondents, and indicated that 2/3
of the responding homeowners plan to renovate a part of their home
immediately, and 20% plan to list their homes for sale before the
end of this year.

The survey indicated that the most common budget range for planned
improvements is between $2000-$5000. The most commmon type of renovations
are kitchens, bathrooms, or backyard/patios.

Considering the surge in home prices over the past few years, buyers should
give strong thought to the idea of purchasing a home that needs
some renovations and doing the work themselves to ultimately get more for their money