{"id":2233,"date":"2019-04-23T05:00:16","date_gmt":"2019-04-23T10:00:16","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/with-inventory-low-will-your-dream-home-need-some-tlc\/"},"modified":"2019-04-23T05:00:16","modified_gmt":"2019-04-23T10:00:16","slug":"with-inventory-low-will-your-dream-home-need-some-tlc","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/with-inventory-low-will-your-dream-home-need-some-tlc\/","title":{"rendered":"With Inventory Low: Will Your Dream Home Need Some TLC?"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2019\/04\/22104950\/20190423-Share-KCM-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"With Inventory Low: Will Your Dream Home Need Some TLC? | Simplifying The Market\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>According to a <a href=\"https:\/\/www.prnewswire.com\/news-releases\/spring-home-buyers-eye-homes-in-need-of-renovation-300831676.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">new survey<\/a> from <em>Move.com, <\/em>the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home\u2019s value!<span id=\"more-39557\"><\/span><\/p>\n<p><em>Realtor.com\u2019s Chief Economist<\/em>, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.<\/p>\n<blockquote>\n<p><em>&#8220;The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating. <\/em><\/p>\n<p><em>Replete with inspiration at their fingertips &#8211; like <\/em><a href=\"http:\/\/www.pinterest.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><em>Pinterest<\/em><\/a><em>, Instagram, and various home renovation TV shows &#8211; some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget.&#8221;<\/em><\/p>\n<\/blockquote>\n<p>Just over half of all respondents who said they would be willing to buy a home in need of some TLC, would also spend more $20,000 to make the home fit their needs.<\/p>\n<p>The most common <em>\u2018expected\u2019<\/em> renovation is a kitchen remodel which can run anywhere from $22,000 for a minor remodel to $66,000 for a major remodel.<\/p>\n<p>This isn\u2019t a new trend by any means. According to the <em>Joint Center for Housing Studies <\/em>at<em> Harvard University,<\/em> home improvement project spending reached a <a href=\"https:\/\/www.housingwire.com\/articles\/48792-the-hgtv-effect-60-of-home-shoppers-are-willing-to-renovate\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">new high<\/a> in 2018.<\/p>\n<blockquote>\n<p><em>\u201cAmericans spent $336.9 billion on remodeling projects, up 7.4% from the $313.6 billion a year earlier.\u201d<\/em><\/p>\n<\/blockquote>\n<p>Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!<\/p>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>If you are one of the many Americans considering buying a home this spring, let\u2019s get together to help you find a house with the potential to be your dream home!<\/p>\n<p>&nbsp;<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home\u2019s value! Realtor.com\u2019s Chief [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2234,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-2233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>With Inventory Low: Will Your Dream Home Need Some TLC?&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/with-inventory-low-will-your-dream-home-need-some-tlc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With Inventory Low: Will Your Dream Home Need Some TLC?&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home\u2019s value! Realtor.com\u2019s Chief [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nwiloanguy.com\/blog\/with-inventory-low-will-your-dream-home-need-some-tlc\/\" \/>\n<meta property=\"og:site_name\" content=\"NWI Loan Guy Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/NWIHomeLoans\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-23T10:00:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/nwiloanguy.com\/blog\/wp-content\/uploads\/2019\/04\/20190423-Share-KCM-549x300.jpg?fit=549%2C300&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"549\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" 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