Show of hands: Who has done some DIY home improvement in the last 6 months?
Statistics show… probably most of you!
To no one’s surprise, a huge amount of Americans have decided to make the most of their unplanned and extended homestay by finally making the updates and improvements they’ve dreamt about for years.
Combined with a bit of elbow grease and a wealth of YouTube how-to videos, this extra time at home has led to all-time-high stock prices for brands like Home Depot and Lowe’s.
A recent survey of 1,000 homeowners and renters reveals some interesting findings:
The most popular DIY projects these days are bathroom repair, interior painting, and bedroom decor.
Among the most successful projects for homeowners and renters alike is installing or enhancing a garden, while the least successful projects involve DIY repairs. (Better call a professional?)
A fresh coat of interior paint is both one of the cheapest and most successful projects undertaken, but exterior painting led to higher costs and lower success rates.
Home improvements are a great way to keep busy (if you’re not already busy enough) and reinvigorate your love for where you live. Of course, DIY only goes so far.
If you’re interested in making bigger changes to your living arrangements, now is a uniquely good time to do so. Today’s home buyers benefit from record-low mortgage rates, and sellers benefit from searing hot demand — and buyer/sellers enjoy the best of both!
As always, if you have questions about the market, or if you or someone you know is thinking of making a change, don’t hesitate to get in touch.
We’re happy to help!
Mark & Pete Caspersen
Real Estate in the News
U.S. New Home Sales Reach 14-Year High in 2020
According to news from the World Property Journal, sales of newly built, single-family homes in August 2020 reached their highest pace since September 2006, raising the August rate 43.2 percent higher than the August 2019 pace.
“”New home sales are now 15 percent higher on a year-to-date basis, with gains in all regions,” said NAHB Chief Economist Robert Dietz. Read more from World Property Journal here.
On The Blog
The Art and Science of a Listing Price
When putting your home on the market there are many moving parts. No factors are arguably as important to selling your home quickly and for top dollar as setting the listing price. Curious how we get to this number and the reasoning behind it?
Hooray for the fall season! Get ready for warm autumn nights, and of course, pumpkin patches! Whether you’re in search of the perfect pumpkin or just looking for a fun family activity this weekend, you can find a full list of the pumpkin patches open in your neighborhood here.
Concerts in Your Car: Del Mar’s First Ever Social Distanced Concerts
Come join the fun for the first-ever Concerts in Your Car live entertainment series in Del Mar, where you can watch top talent perform from the comfort and safety of your own car. This drive-in entertainment experience is surely to be a blast for the whole family! Check out the full October schedule here.
Lifestyle Tips & Tricks
From Sophisticated Marble to Classic Brick, These
70 Striking Fireplace Design Ideas are Sure to Inspire
There’s nothing cozier than curling up with a blanket next to a toasty fire on a crisp evening. Whether it’s in your family room or your outdoor space, a fireplace will bring you extra warmth and comfort.
If you’re aiming to bring a new hearth into your home or simply need inspiration to upgrade your existing fireplace, Elle Decor’s roundup of gorgeous designs is for you.
Meet 9 Rising Stars Taking the Design World by Storm
From coast to coast, Architectural Digest’s next generation of great decorators are writing their own rules and going for bold. Taking clients’ homes and shaking them up, these designers are pushing the boundaries of beauty.
62 Best Fall Crafts to Help You Celebrate the Season, DIY-Style
Autumn is finally here, and that means it’s time for a some easy, earth-toned, comfy-cozy DIYs.
Country Living has gathered together the best crafts to bring in the new season. Each of these easy, family-friendly crafts is super cute and incredibly simple to make.
Compass is a real estate broker licensed by the state of California and abides by equal housing opportunity laws. License number 01527365. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.