[New post] 2022 Remodeling Impact Report – NAR Research
The Belt Team posted: " Are you thinking about renovating or remodeling? Before you do, you might what to check this out! Earlier this year, NAR Research released the 2022 Remodeling Impact Report. This report goes in depth into topics like... Why homeowners tak" Northern Virginia Real Estate Blog
Are you thinking about renovating or remodeling? Before you do, you might what to check this out!
Earlier this year, NAR Research released the 2022 Remodeling Impact Report. This report goes in depth into topics like...
Why homeowners take on remodeling projects
The outcome of these projects
Increased happiness once these projects are finished
Typical costs of 19 remodeling/replacement projects (estimated by NARI members)
How much positive effect they have on potential buyers (according to Realtors®)
Estimated cost recovery if you sell your home (estimated by Realtors®)
Do you know what interior home projects give you the biggest bang for the buck (cost recovery)?? Here are the top 3...
Hardwood Flooring Refinish
New Wood Flooring
Insulation Upgrade
Do those surprise you? If you are wondering where your next planned project ranks, Click Here to see full report.
NAR also recently spoke with Dr. Jessica Lautz, Vice President of Demographics and Behavioral Insights for NAR Research and got her perspective of the results. Read the full interview here.
If you are thinking about doing some renovations to get your home ready to sell but still not sure which ones make the most sense, reach out to Terry Belt to get his expert advise given your home, your market and the current market conditions. He has 30+ years of experience with homeowners in the NOVA area and would be happy to help!
703-242-3975 | Info@thebeltteam
Source: 2022 Remodeling Impact Report - National Association of REALTORS® Research Group
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