Showing posts with label home renovations to improve design not home value. Show all posts
Showing posts with label home renovations to improve design not home value. Show all posts

Thursday, June 21, 2012

Home Renovations Are Meant for Style Not for Home Values


Surprise, surprise! You would think that in these times of slow inventory turnover and low mortgage rates homeowners would readily favor spending on home improvement to burnish home value rather than to buff form and boost function. Contrary to intuition, according to a new survey, homeowners would rather pump up style rather than equity.

It’s not quite the signal that professional real estate agents with, say, a South Carolina Realtor CE, would want to hear from a reawakening real estate market, but it certainly does say that confidence is coming back to the homeowners and that they might be priming to sell in the near future.