REGISTER TO PLAY HERE

How Can Homeowners Incorporate the “New Normal” of Home Renovations?

  • by User Not Found
  • May 17, 2021, 10:18 AM

COVID-19 continues to reshape our lives, changing our daily routines and mandating precautionary measures which involve staying in our homes as often as we can. With people spending more time at home than ever before, home improvement projects are increasingly becoming top of mind for homeowners.

“Remodeling home projects take time and patience, and REALTORS® and homeowners alike recognize the feelings of accomplishment, satisfaction and potentially higher home values which come with it. During this pandemic, homeownership is invaluable, and we know your home means everything to you – from protection, to safety, to comfort – so we’re seeing people across our region dedicating themselves to improving their homes,” said Jennifer Pederson, President of the Snohomish County-Camano Association of REALTORS®.

Below are some facts about home renovations during the pandemic, according to a survey by the National Association of REALTORS® (NAR):

  • Despite the financial difficulties brought on by the pandemic, 77% of homeowners say their home renovation budget for 2020 is the same or greater than last year.
  • The top three home renovations homeowners hope to complete within their budgets in 2020 are:
  1. A new bathroom (28%),
  2. A new kitchen (23%), and
  3. Fencing in their yards (21%).
  • Homeowners are attuned to how the pandemic may influence prospective buyers’ preferences. A fenced-in yard, for example, the third most popular project for 2020, didn’t even make the top 10 REALTOR®-recommended projects in NAR’s 2019 Remodeling Impact Report, which examined a variety of remodeling projects and their appeal, value and potential return on investment.
  • An additional 21% of homeowners expect new investments such as a home office, gym or other space will offer the greatest return — other projects REALTORS® would not have recommended as a top priority based on 2019 data.
  • Some renovation priorities remain unchanged: Kitchen and bathroom upgrades and remodels were highly recommended by REALTORS® in 2019, and continue to top most homeowners’ current lists.

REALTORS® can help homeowners understand their local real estate markets while identifying which home renovations improve quality of life and provide a greater return on investment during this 'new normal’ of homeownership.

For more information about buying or selling a home, be sure to work with a REALTOR®, a member of the National Association of REALTORS®. Snohomish County-Camano Association of REALTORS® is the voice for real estate in Snohomish County. If you have questions for The Expert about real estate email us at info@sccar.org, or by visiting https://www.sccar.org.

Events

View all Events
  • 06 Jun

    Board of Director's Meeting (In-Person)


    The BoD meeting occurs at 12pm at the SCCAR office every Tuesday of the first full week of a month, unless otherwise noted.

    LEARN MORE
  • 06 Jun

    Communications Committee Meeting (In-Person)


    The Communications Committee meets at 1pm in person at the SCCAR office every Tuesday of the first full week of the month, unless otherwise noted.

    LEARN MORE
  • 06 Jun

    SCCAR Affiliates Meeting (In-person)


    The Affiliates meeting occurs at 2pm the first Tuesday of the first full week of each month. The location alternated between in person at our SCCAR Office and over a Zoom Call. June's meeting is in-person at our office.

    LEARN MORE
  • 08 Jun

    3CE Class: The Super Scary Stuff and How to Handle It -In person


    *Register online through your SCCAR membership portal.* Instructor: Bob Gross Our goal with this class and every one of our classes is to help you sidestep the landmines during the inspection so it goes as smooth as it can. What are the case scenarios you should run in your head when there is an oil tank? Why is Radon a big deal in other states but, not that prevalent locally? How do you handle Mold in an attic? There is a 2800 dollar mold solution and10,000 solution for mold in an attic what is the difference? IsAsbestos really the end of the world? The answer is no but, we need to talk to our clients about it so they don't freak out. Ready to do a Manufactured home? What is the difference between a Mobile, Modular home and a Manufactured home? What are the issues with them almost every single time? They remodeled off the back of the house without permits? What does that mean to my transaction? Is there a way to tell a house is remodeled from the driveway? (sometimes there is) We will teach you how to handle these scenarios and give you some insight into how it all works. Ultimately many of the houses for sale for have major issues that can be solved and we will talk about some solutions.

    LEARN MORE
  • 29 Jun

    3CE Class: CORE Current Issues in WA Real Estate -Zoom class


    *Register online through your SCCAR membership portal.* *ONLINE ZOOM CLASS* Instructor: Mark Kitabayashi The Washington State Real Estate Commission and the Department of Licensing have adopted rules that require the completion of a minimum 3.0 clock hours of prescribed core curriculum. The mandatory clock hours must be included in the 30 hours required for all active licensees. Course Code:C21036932

    LEARN MORE