Which house is more profitable to buy in the USA: requiring repair or ready to move in - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
Переклад цього матеріалу українською мовою з російської було автоматично здійснено сервісом Google Translate, без подальшого редагування тексту.
Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Which house is more profitable to buy in the USA: requiring repair or ready to move in

If you think buying a cheaper "fixer-up" home will help you save money, think again.

Фото: Depositphotos

Recently a project Porch.com published a user survey on how much people spend on buying and furnishing homes that require renovation and are ready to move into. It turns out that even though homeowners who appear to be staying within their budget, they end up spending as much or more than homeowners who purchase a move-in ready home, he writes. Fox News.

On average, people who bought a house ready to move in spent about 250 496 dollars, while buyers of a house that needed improvements spent on average about 246 891 dollars.

Based on all expenses including home improvements, home buyers spent $25 more than those who purchased a completed home. The total cost for those who purchased a home requiring repairs was $000.

On the subject: Pros and cons of owning a home in America

The average purchase price for a "renovation" home was $199, and the cost of those renovations was $819 for those who stayed within budget and $47 for those who went over budget.

Despite the fact that buyers of “renovation” homes do not stop spending money at the time of purchasing a home, they cite savings as the main reason for purchasing such a home. This answer was given by 63% of millennials, 61% of Generation X, and 59% of baby boomers.

For respondents who bought a house ready to move in, the main reason was that they liked this house. 43% said that repairs and improvements were inconvenient for them, 35% said that they did not have time for this, and 28% said that there was no money for repairs.

On the subject: 20 best US cities where you can buy a home for less than $ 100 thousand

The report, which surveyed 1069 US homeowners, also found that only 5% of home buyers spent less than their budget. 52% came within budget, and 44% exceeded it (while spending 38% more than planned).

Most of all, people who installed new heating, ventilation and air conditioning systems, as well as spent on updating the water supply, new bathrooms and household appliances, were the ones who got the most out of the budget.

Read also on ForumDaily:

Plyushkina syndrome: what drives Americans to senseless accumulation

Expert Forecasts: What to Expect from the Upcoming US Recession

The best places to live on a salary of $ 50 000 per year

12 states where you are 'rich' earning less than $ 100

Pros and cons of owning a home in America

Miscellanea In the U.S. US housing buying a home in the US
Subscribe to ForumDaily on Google News

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis. 



 
1081 requests in 1,188 seconds.