Homeowners in San Jose and San Francisco spent more on remodeling projects in 2017 than anywhere else in the country -- indoor shark tanks not included. Also: Pending home sales rise in the West and drop in the South.
Tag Archive: remodeling
While most American homeowners and prospective buyers probably do not ponder the construction sector on a regular basis, current trends in that industry could affect their wallets in the coming months.
About six in 10 U.S. homeowners are planning to spend money improving their properties this year, and an even larger amount will do at least some of the work themselves.
Good news for Bay Area homeowners whose list of 2018 new year's resolutions includes a renovation project: Most improvements are expected to turn a profit at the time of sale.
A prominent economist does not foresee a Bay Area housing market crash, while researchers have developed an earthquake-resistant building material that could help protect homes in California. Check out these and other notable headlines in Pacific Union's weekly Real Estate Roundup.
Homeowners in the San Francisco metro area who are planning to renovate their master bathroom should be prepared for a hefty bill, as that project costs more here than it does anywhere else in the country.
Completely overhauling or upgrading a kitchen are the interior home-improvement projects that offer the biggest returns on investment at the time of sale, with Bay Area sellers recouping more than the national average.
Expensive prices and hefty remodeling costs once again place the Bay Area's three largest cities among the toughest real estate markets in the U.S. for flipping homes.
More news that coincides with National Home Improvement Month: First-time buyers pumped quite a bit more money into renovations in 2016 than they did the previous year, and they're especially keen on installing smart technologies.
Happy National Home Improvement Month: Increasing home equity and confidence in the U.S. housing market helped lift remodeling spend significantly over the past year, with another boost expected in the coming year.
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