If you’re looking at homes for sale, you may be searching online. Recent figures show that 44% of prospective home buyers begin their journey toward home ownership by conducting Internet searches. It’s been found that 99% of home buyers within the Millennial age group begin by searching for condos or houses for sale online. This is considerably more than their older counterparts.
Were you aware that it is nearly 38% less expensive to purchase, rather than rent, a home within certain areas? Recent data from 2016 shows that this is true in the top 100 United States cities. There are, of course, many factors that can affect a home’s value and selling price. When a home is located in a quality school district, for example, the value can be impacted by up to 20%.
Are you in the process of renovating or remodeling your existing home for sale? If so, you may be interested in knowing a few tips to increase its value and your investment return. It’s interesting to note, however, that HGTV.com recommends home sellers should take 15% to 20% off their home’s total worth to encourage sales.
Your potential return on investment may be substantial when you make the following home improvements:
- Bathroom additions: 86.4% on average
- Curb appeal: 100%
- Minor kitchen remodel: 82.7% on average
Since 52% of home buyers indicated that it was difficult for them to find just the right property, it’s possible that they embarked upon this process without the guidance of a real estate agent. If you’re facing challenges locating desirable homes for sale, you may want to consider working closely with a real estate agent. When you have a young family, for instance, you want to be sure your new home is close to the best schools.
In addition to providing you with up-to-date listings that meet your specifications, your realtor will be able to guide you through the entire process. Furthermore, if you are relocating from another area, your realtor will be able to provide you with a wealth of information about your new community.