Harvard Joint Center for Housing Studies’ Post

Should You Remodel Your House or Sell it? Take a look at this article by Paul Sian, which explores the considerations homeowners should weigh when deciding whether to remodel their current home or move to a new one. It discusses factors such as the cost of remodeling, the current housing market, and the homeowner's long-term needs and preferences. The goal is to help homeowners make informed decisions that align with their financial situation and lifestyle goals. Additional resources via Bill Gassett, Realtor, and Kevin Vitali Check it out at https://lnkd.in/gzxf_x4Q #RealEstate #MortgageUpdated

Should You Remodel Your House or Sell it? Take a look at this article by Paul Sian, which explores the considerations homeowners should weigh when deciding whether to remodel their current home or move to a new one. It discusses factors such as the cost of remodeling, the current housing market, and the homeowner's long-term needs and preferences. The goal is to help homeowners make informed decisions that align with their financial situation and lifestyle goals. Additional resources via Bill Gassett, Realtor, and Kevin Vitali Check it out at https://lnkd.in/gUDshA6a #RealEstate #MortgageUpdated

What’s the return on your home improvement dollars? Before selling your home, it’s hard to know what improvements to make now that will add value to it – without spending a fortune. To help, each year Remodeling magazine releases their Cost vs. Value Report, which estimates the average cost of a project and the percentage of the investment that will be recouped if the home is sold within a year. Based on the 2024 report, watch this short video for the top five home improvement projects with the highest return at resale. #HomeImprovement #HomeImprovementROI #FairfaxRealtor

Do your clients ask for advice about home updates? Mine do! The annual Cost vs Value report highlights nationwide remodeling trends, and helps my clients know how to get the biggest bang for their buck! I highly recommend this site for anyone wondering where to begin with home updates!

🏠🔨 Exploring the $30 Billion Opportunity in Home Remodeling: Insights on Home Equity Trends and Consumer Behavior Post-Pandemic This excerpt highlights the shift in home remodeling trends post-pandemic. Initially driven by low borrowing costs and stay-at-home mandates, many homeowners accelerated their renovation projects. However, rising financing costs in the last two years have led many to postpone these plans, despite a significant increase in home equity—now averaging around $400,000 per homeowner. The analysis by Matt Saunders, CFA, CBE suggests there’s substantial pent-up demand for remodeling, estimated at $30 billion waiting to be spent.

I'm excited to share my latest article: "How to Determine Your Home's Market Value: A Step-by-Step Guide." In this comprehensive piece, I break down the complex home valuation process into actionable steps tailored specifically for the dynamic Houston market. Key topics include: • Analyzing comparable sales in your neighborhood • Understanding local market conditions • Evaluating property-specific features • The impact of location on value • Professional valuation methods Whether you're a homeowner looking to understand your investment or a fellow real estate professional seeking to enhance your market knowledge, this guide offers valuable insights. Let's continue to elevate our industry standards and empower our clients with accurate, up-to-date information. I invite you to read the full article and share your thoughts. How do you approach home valuation in your area? https://lnkd.in/g5Yn2_CU Jose Lopez | Houston Realtor® 📲 936-766-8847 📧 jose@joselopezrealty.com 💻 joselopezrealty.com

https://buff.ly/3KtdjFI Should you or should you not make home improvements before selling your current home? Ris Media has itemized the pros and cons. #residentialrealestate

**Market Monday: Insights on House Flipping Trends** As the housing market continues to evolve, one trend that stands out is the increasing demand for eco-friendly and energy-efficient homes. This is more than just a passing trend; buyers are increasingly prioritizing sustainability, which can significantly enhance the value of your flips. Investing in energy-efficient upgrades can yield higher returns and differentiate your property in a competitive market. Last year, I flipped a historic home that needed extensive renovations. By incorporating energy-efficient windows and HVAC systems, we not only improved the home’s aesthetic appeal but also attracted buyers willing to pay a premium. The result? A quick sale above asking price, proving that sustainability pays off! According to recent industry reports, homes featuring eco-friendly upgrades sell 10-15% faster and at a higher price point than those that don’t. This is a clear indication that the market is shifting. What strategies are you implementing to align with this trend? Let’s share insights on how we can all adapt to the changing preferences of homebuyers! #MarketMonday #houseflipping #realestateinvesting #sustainability #homeimprovement

Canadian Home Builders' Association National have released their 9th annual Home Buyer Preference Survey. It's Canada's largest study on new-home buyer preferences. The survey shows where buyers prefer to spend their money. Even in tough economic times, homebuyers are still prioritizing interior finishes. With an extra $10K to invest, their preference is to personalize the design of their home. At My Design Studio, we guide homebuyers to make smart investments. We listen carefully to understand their priorities. This helps us create a list of options that match their needs and wants. https://lnkd.in/dgTqaYj4

There is just one week until our FREE 2-part Home Seminar in partnership with Brothers Remodeling! Join us Tuesday, April 16th, to learn the steps involved in the home renovation and buying processes, and have all your questions answered by industry experts. Join us for part 1, part 2, or both! Let us simplify the journey to updating or owning your new home! To learn more or to register, visit bit.ly/GFA_HBSeminar #homeseminar #bettercommunitybanking