With homeowners spending more time at home than ever before because of the coronavirus pandemic, it’s no surprise that people are focusing their time and effort on home improvement projects. In fact, according to a study from Porch.com, 76% of homeowners in the U.S. have carried out at least one home project since the start of the pandemic. And even more (78%) plan to undertake at least one home improvement project in the next 12 months.
So what are people focused on upgrading in their homes? According to the stats, homeowners are spending their time and money on their outdoor spaces, repainting interiors, and updating technology. All smart home improvements if you’re looking to add value before selling your home.
Adapting to Life’s Changes
It’s no secret that COVID has changed our lifestyles and the physical needs of our home. That’s why almost a third (31%) of respondents in the study noted they were forced to make changes due to their new normal. That included allowing working from home (11%) and making changes to accommodate homeschooling (7%).
But what if you don’t have the budget or ability to add your own home office, gym, or virtual learning space? If your life calls for a new home to fit your new needs, then it’s time to listen! With ultra-low mortgage rates, now’s the perfect time to secure something that fits your new lifestyle for less.
And what if you’re like 21% of homeowners who are looking to add value, this could be the perfect time to do so since we’re experiencing a hot seller’s market. Thanks to limited inventory and tons of active buyers motivated by historically low rates, home prices are continuing to rise across Southern California. So if you want to sell for top dollar now’s the time to do it. And if your home needs some updates and improvements before going on the market, you can utilize our First Impressions Concierge so you don’t have to DIY anything.
Let our First Impressions Concierge Pay for Your Improvements
American homeowners spent a median amount of $17,140 on improving their homes since the pandemic began, with an average of five improvement projects per household. That’s a lot to take on during an economic downturn! So if you want to add value to your home before putting it on the market so you can trade up to something bigger and better for you and your family, let our First Impressions Concierge foot the bill.
Here’s how it works: Connect with a First Team agent to sell your home, review what’s needed to help your home sell for top dollar, we pay for the transformation, you settle the payments after closing. If you’re interested in taking advantage of our First Impressions Concierge, click here to read all about it and reach out for more information. Our experts will help you determine exactly which home improvement trends are worth following to ensure your home flies off the market as soon as you list!