The National Association of Realtors recently published the 2015 Remodeling Impact Report its definitely worth looking at. The report ranks projects likely to increase value.
The report goes into a lot of detail including estimated costs and how much the value is increased. If you are thinking of renovating your current home or purchasing a home and renovating it this report is a must see! I’m a big do it yourself and have personally renovated quite a few homes; whether you are a DYI or hiring a contractor this is simply some great information to have on hand. Thinking you would like to hire a pro but wondering how the heck you are going to pay for it? You aren’t alone. Here at Amerifirst Home Mortgage we have a whole array of renovation loan programs that can help you find a way to fund your home renovation. Give me a call to discuss your options or check out some more information here.
The real estate market has seen dramatic shifts in recent years, transitioning from a seller’s market during the pandemic to a more balanced landscape. As we move forward, understanding these changes is crucial for both buyers and sellers.
The Pandemic Boom:
During the pandemic, the real estate market experienced unprecedented demand. Low-interest rates and remote work trends fueled a surge in home buying, creating a highly competitive seller’s market. Home prices soared, and bidding wars became commonplace.