Scottsdale Home Improvements

With more and more houses getting older and older, how could this aging trend affect Scottsdale home buyers in the future? The Department of Housing and Urban Development's American Housing Survey (AHS) shows that the median age of homes in the United States is now around 35 to 40 years old.

The National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case Scottsdale home buyers will be responsible to update their new residence. Even homeowners who aren't selling will need to consider remodeling for structural and aesthetic reasons.

Scottsdale Home Buyers Face Higher Prices

Many Scottsdale home buyers are opting for do-it-yourself renovations

Newer homes cost more than they used to. The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn't meet the demand of Scottsdale home buyers.

In December 2014, the average cost of a new home was $298,100 while the cost of an existing home was $209,500. Saving that kind of money on a home purchase allows a Scottsdale home buyer to budget for a remodeling project.

Many Scottsdale home buyers opt to save on remodeling costs by doing things themselves. According to a 2013 American Housing Survey, a homeowner can save more than half the cost of a project by doing it themselves. A professional bathroom remodel runs $8,221 versus a do-it-yourself job at around $3,000. The kitchen, one of the most costly remodeling projects to do, comes in at around $15,000 for the do-it-yourselfer and around $35,821 for a professional to do it for you.

Buying an existing home can put first-time Scottsdale home buyers in a better financial position. Instead of renting until they save up money for that brand new home, they can begin gaining equity in their house and enjoy the benefits of having their own place.

Get more tips and articles designed to help Scottsdale home buyers save money on remodeling jobs in the Scottsdale Home Improvements section below our Scottsdale Real Estate Categories in the column to your right.

Remember, we post tips for Scottsdale home buyers daily on Twitter, and also over at our Facebook Page. We'd love you to check us out there too.

With May upon us already, here's a reminder that May is Home Improvement Month. Getting those Scottsdale home improvements done and saving some serious cash at the same time is on everyone's wish list. Follow these tips for hammering out a better deal on your Scottsdale home improvements…

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We have more tips for Scottsdale home improvements in our Scottsdale Home Improvements section of articles under Scottsdale Real Estate Categories to your right.
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And don't forget, we also post tips daily on Twitter and Facebook, sometimes pertaining directly to Scottsdale home improvements. Find us there as well.
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Scottsdale homeowners, or at least half of them, plan to do some sort of renovations this year. This is according to an annual survey by LightStream, which also determined this year's most popular renovation projects. (LightStream is an online lending division of SunTrust Banks Inc.)

Renovation Projects Scottsdale Homeowners Plan to Do

Many Scottsdale homeowners plan to do renovations to their home this year

Landscaping, deck/patio or other outside renovations — 43 percent.
New roof, windows, HVAC, solar or other home repair — 33 percent.
Bathroom remodel — 29 percent.
Kitchen remodel — 26 percent.

LightStream reports the home improvement industry continues to regain strength as 57 percent of Scottsdale homeowners are looking to complete home remodeling or maintenance projects this year, according to a survey conducted online by Harris Poll.

The LightStream survey found that more than a third of Scottsdale homeowners planning to renovate expect to spend $5,000 or more this year, with 18 percent investing more than $10,000.

Most — 59 percent — plan to use their savings. Another 30 percent plan to charge the renovations, while 9 percent expect to use a home equity line of credit, 7 percent will seek loans, 4 percent will pay via investments and 21 percent are unsure or plan to pay using alternate means.

"Whether to improve indoor and outdoor space for a better family life or to perform routine maintenance, renovations provide a myriad of benefits," said Todd Nelson, business development officer at LightStream. "Consumers are increasingly putting money back into their homes. This is good for the economy and the home improvement industry overall."

Get more information about tips for home improvements in our section on Scottsdale Home Improvements to your right under Scottsdale Real Estate Categories.

Remember, we post tips daily on our Facebook Page as well as Twitter. We'd love you to check us out there too.

When thinking about Scottsdale home renovations to take on before listing your home for sale, you may think investing in a new kitchen or bath will help ramp up your sale price. But getting back a 100 percent of your investment in the first year after doing the renovations is not guaranteed. You must choose wisely when it comes to Scottsdale home renovations before putting your house on the market.

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We have more tips and articles on Scottsdale home renovations and things you may want to consider in the section of Scottsdale Home Improvements under Scottsdale Real Estate Categories to your right.
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And don't forget, we also post tips daily on Twitter and Facebook, sometimes pertaining to Scottsdale home renovations, or home improvements in general. Find us there as well.
 
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When it comes to buying a Scottsdale home, there are things buyers need to be aware of. But if you're on the selling end, there are some Scottsdale home improvements you need to think about as well.

A new Consumer Reports survey details many of the do's and don'ts for those buying a Scottsdale home, as well as those selling a Scottsdale home.

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We have more tips on buying a Scottsdale home, as well as tips on selling a Scottsdale home, in the two sections of Scottsdale Home Buying Tips and Scottsdale Home Selling Tips under the Scottsdale Real Estate Categories to your right.
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And don't forget, we also post tips on selling and buying a Scottsdale home daily on Twitter and Facebook. Find us there as well.
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