A recent spike in softwood lumber prices is contributing to the increased average price of a new single-family home, the National Association of Home Builders reports.
The NAHB estimates that items in a home that require lumber, and what are used throughout the construction process, could mean buyers see prices increase an extra 19.2%.
The median new-home price in June rose 5.6% to $329,000 compared to a year ago.
"With Reifax, you can create complete property comparison reports in specific areas, to give you a valuable tool when making or negotiating an offer.
#ReifaxDoesItForYou"
"Tips for Increasing Your Home's Value
Home Improvements: $100- $200
Tip 1: Plant a Tree
Tip 2: Low-Maintenance Landscaping
Tip 3: A water filtration system
Tip 4: Improve the Air Quality Inside Your Home
Tip 5:Dedicate to ditching the dated look."
The #realestate market in the city of #Miami is one of the most attractive for investors, as indicated by a study conducted by Colliers International in 2019.
#REITips: If you expect to obtain a new property in 2020, always keep the following points in mind.
• Review your income and expenses.
• Eliminate that down payment.
• Refine your credit score.
• Gather your paperwork.
• Choose a broker.
How Agents Arrive at an Estimate of Value?
When agents begin to assess a property, the first thing they typically do is study the home from an overhead, satellite view on Google.
With Reifax, you can create complete property comparison reports in specific areas, to give you a valuable tool when making or negotiating an offer.
#ReifaxDoesItForYou