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Fixer-upper homes tend to be less expensive than top-to-bottom remodels, but the markdown may not equal the cost of a basic renovation, according to a recently released report by Zillow Digs®. The report's findings show median fixer-uppers list for 8 percent less than market value, which allows for a reno budget of just $11,000.
"Fixer-uppers can be a great deal, and they allow buyers to incorporate their personal style into a home while renovating, but it's still a good idea to do the math before making the leap," explains Svenja Gudell, Zillow's chief economist. "While an 8-percent discount or $11,000 in upfront savings on a fixer-upper is certainly a good chunk of change, it likely won't be enough to cover a kitchen remodel, let alone structural updates like a new roof or plumbing, which many of these properties require."
Th...
The American Dream of Homeownership. For most, it may be the single largest purchase they will make in their lifetimes, offering the dual promises of security and stability and a valuable investment to pass on to their children and future generations.
The process and experience of home buying can be daunting, so consistency of service and investing in a trusted real estate company are key starting points for consumers in the market to buy or sell a home. Today, no other brand is consistently receiving third-party validation for its consistency of service and is valued more by home buying and selling consumers than Century 21 Real Estate LLC. In 2016, for example, the iconic C21® brand was recognized by two prestigious organizations w...
(BPT)—Buying a new home is exciting, but the experience is not without challenges. Finding your dream home requires an eye for detail, expert guidance, and, above all, patience.
Buying a newly built home, specifically, comes with a set of considerations, such as amenities, location and security. Three of the most important are:
The Home Inspection
Never disregard the importance of an impartial home inspection. An inspection can not only help you uncover structural issues within a home, but also help you determine if its electrical, HVAC and plumbing systems are functional and up to code. Be present during the inspection. Discuss your options with your REALTOR®, if negotiations are necessary.
Value-Add Features
Value-add features are another important consideration to make when searching for a newly built home. Make note of these features as you view homes. Ask yourself: What existing fea...
(BPT) - Purchasing a new home is an exciting and sometimes stressful experience. Whether you're moving to a new town or looking to upgrade from your current space, finding a new home requires patience, expert guidance and a keen eye for detail.
As a home seeker, the first thing you'll evaluate is location, space and amenities such as fireplaces, granite countertops, a finished basement, deck or a swimming pool. The next thing to consider is cost, shopping for the right mortgage, making your down payment and negotiating other fees. Finally, you look at the various features inside and outside the home that make it safe, convenient and energy-efficient for you and your family.
To ease some of the stress of house hunting, here are a few top considerations to keep in mind throughout the process:
Always start with a...
(BPT) - Call this the age of personalization. You can customize practically anything these days, from the kind of information you get on your favorite news feed and the offers you receive from your bank to the icons, background and sounds on your smartphone. Personalizing something really makes it feel more 'yours,' so of course you want to be able to do that to your first home.
If you're shopping for your first home, you may already know what you want to do to personalize it. However, you may not be aware that certain features can make a home easier and more affordable to customize after you've moved in. For example, if you think you'll need room to expand for a growing family down the road, it will be cheaper in the long run to buy a home with an attic or basement that you can finish into living space than to try and build...
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