Nationally, cash buyers made up about 1/3 of all 2021 home sales so far, but that percentage rises to 52.6% in West Palm Beach, the top metro for cash sales in the U.S. The ratio was 52%
Sheltering-in-Place Inspires Homeowners to Take on Remodels ~ Challenges and Types Of Upgrades ☘ Hoey Team ☘ eXp Realty
Dated: May 21 2020
Homeowners are prioritizing remodeling projects centered around home offices and master bedrooms during the pandemic, according to a new survey of 1,000 consumers by Houzz, a home renovation and resource site.
While consumers put off some remodeling projects when the coronavirus outbreak first began in the U.S., they were less likely to put off projects related to those two areas of the home. Also, outdoor remodels and improvements have been prioritized during the pandemic, as have more involved projects such as a kitchen renovation, the survey finds.
Sheltering at home is inspiring future remodeling projects, as well. For example, 79% of homeowners surveyed by Houzz say they’re now considering major home remodeling and design projects after spending more time at their home during the pandemic. They want to make changes to enjoy their home more—projects centered on the outdoors, bathroom, and kitchen are topping their renovating wish lists.
Homeowners say they want to spruce up their homes with new decor, better lighting, and an improved layout, the survey finds.
After sheltering in place, half of homeowners surveyed say they’re facing challenges in their current homes. The number one challenge: a lack of storage, followed by a lack of ample lighting and not having a workout space.
As the COVID-19 pandemic has prompted homeowners to stay at home, homeowners have reported spending more time baking and cooking, which has spurred remodeling dreams centered on the kitchen, the survey finds. Also, homeowners have turned their homes into multi-use spaces for working at home and exercising. Gym equipment sales statistics on Houzz are nearly eight times higher compared to the months prior to the pandemic. Also, home office furniture sales are 1.7 times greater than before the pandemic.
Here in Southwest Florida, we continue to list and sell real estate. At our Team ☘ and Brokerage, we have been succesfully working 100% virtually / remotely for the past number of years as we grew, so we have been used to this new requirement, and we just had our eXp shareholders summit, virtually, using VirBELA, which powers eXp World; our virtual campus.
Article content from our National Association of Realtors (NAR) Magazine Newsletter and from other sources including Hoey Team ☘ eXp Realty and Houzz
On this page we are adding a list of Vendors for COVID-19 related items here in SWFL. Please let us know if there is a Vendor / Store we should add: www.VisitCollier.Com Feel free to share with anyone looking.
NOTE for Buyers and Sellers: On our "VIRUS FREE" Hoey Team ☘ VIRTUAL OPEN HOUSE Page you may WATCH ? Detailed HD 3D Immersive VIDEO ? Walkthrough Tours for all our COMING to MLS & AVAILABLE LISTINGS without any Coronavirus; COVID-19 worries right HERE: ? www.SWFLVRE.com ? ?
For more Real Estate related information as we go throught this COVID-19 experience, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number 1 state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.
P.S. --> If You'd like for me to create a regular Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details. We can visit the property and record you a video, or, if you want, we can do a one on one Facebook Live Showing: https://HoeyTeam.239RealEstateDeals.Com
Hope Everyone Remains Safe; we are all in this together; and we trust that we will get through this Coronavirus COVID-19 pandemic more united, as one, with as little loss as possible.
Please let Kim or Barry know if we can do anything to help anyone in need here in Southwest Florida, weither it is for you or for a loved one, and we are able to help in a responsible social distncing way, we will certainly do what we can to help.
Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website. ☘
We hope that you find the information useful. If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team ☘ brokered by eXp Realty
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