[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f29i7xw603cike":3,"$f2emv3tus0uf1":39,"$fbwk2pqjjqsc7":43},{"item":4,"previous":27,"next":33},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":26},1215,"are-homeowners-renovating-to-sell-or-to-stay","Are Homeowners Renovating to Sell or to Stay?","Over the past few years, two trends have emerged in the housing market:\r\n\u003Col>\r\n \t\u003Cli>Home renovations have shot up\u003C\u002Fli>\r\n \t\u003Cli>Inventory of homes available for sale on the market has dropped\u003C\u002Fli>\r\n\u003C\u002Fol>\r\n","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F06142507\u002F20181113-Share-STM.jpg","Over the past few years, two trends have emerged in the housing market:\r\n\u003Col>\r\n \t\u003Cli>Home renovations have shot up\u003C\u002Fli>\r\n \t\u003Cli>Inventory of homes available for sale on the market has dropped\u003C\u002Fli>\r\n\u003C\u002Fol>\r\n\u003C!--more-->\r\n\r\nA ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest \u003Cem>\u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fresearch-and-statistics\u002Fhousing-statistics\u002Fexisting-home-sales\">Existing Home Sales Report\u003C\u002Fa>\u003C\u002Fem> from the \u003Cem>National Association of Realtors\u003C\u002Fem>, we are currently at a 4.4-month supply.\r\n\r\nThis low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.\r\n\r\nAccording to \u003Cem>Home Advisor\u003C\u002Fem>, \u003Ca href=\"https:\u002F\u002Fwww.homeadvisor.com\u002Fr\u002Ftrue-cost-report\u002F\">homeowners spent\u003C\u002Fa> an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers.\r\n\r\nA new \u003Ca href=\"https:\u002F\u002Fwww.zillow.com\u002Fresearch\u002Famericans-prefer-renovations-21576\u002F\">study\u003C\u002Fa> from \u003Cem>Zillow\u003C\u002Fem> asked the question,\r\n\u003Cblockquote>\u003Cem>“Given a choice between spending a fixed amount of money on a down payment for a new home or fixing up their current home, what would you do?”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nSeventy-six percent of those surveyed said that they would rather renovate their current homes than move. The results are broken down by generation below.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F20181113-STM-ENG.jpeg\">\u003Cimg class=\"alignnone wp-image-38396\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F20181113-STM-ENG.jpeg\" alt=\"Are Homeowners Renovating to Sell or to Stay? | Simplifying The Market\" width=\"650\" height=\"292\" \u002F>\u003C\u002Fa>\r\n\r\nMore and more studies are coming out about the intention that many Americans have to \u003Cem>‘age in place’\u003C\u002Fem> (or retire in the area in which they live). Among retirees, 91% would prefer to renovate than spend their available funds on a down payment on a new home.\r\n\r\nIf their current house fits their needs as far as space and accessibility are concerned, then a renovation could make sense. But if renovations will end up \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2018\u002F03\u002F21\u002Fis-a-major-home-renovation-worth-it-in-the-long-run\u002F\">changing the identity of the home\u003C\u002Fa> and impacting resale value, then the renovations may end up costing them more in the long run.\r\n\r\nWith home prices increasing steadily for the last 6.5 years, homeowners have naturally gained equity that they may not even be aware of. Listing your house for sale in this low-competition environment could net you more money than your renovations otherwise would.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are one of the many homeowners who is thinking about remodeling instead of selling, let’s get together to help you make the right decision for you based on the demand for your house in today’s market.","\r\nIf you are one of the many homeowners who is thinking about remodeling instead of selling, let’s get together to help you make the right decision for you based on the demand for your house in today’s market.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F20181113-STM-ENG.jpeg",false,[17,21],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers",{"id":22,"name":23,"slug":24},38,"Move-Up","move-up","2018-11-13T10:00:49Z","2018-11-06T15:31:58Z",{"id":28,"slug":29,"title":30,"featuredImage":31,"publishedAt":32,"contentType":10,"isVideo":15},1214,"how-to-honor-a-veteran-today-and-everyday","How to Honor a Veteran Today and Everyday","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F08164458\u002F20181112-Share-STM.jpg","2018-11-12T10:00:20Z",{"id":34,"slug":35,"title":36,"featuredImage":37,"publishedAt":38,"contentType":10,"isVideo":15},1216,"home-sellers-in-q3-netted-61k-at-resale","Home Sellers in Q3 Netted $61K at Resale","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2018\u002F11\u002F08142257\u002F20181114-Share-STM.jpg","2018-11-14T10:00:35Z",{"cover":40,"open":41,"shareSpread":42},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[44,48,52,53,57,61,65,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":45,"name":46,"slug":47},1,"Uncategorized","uncategorized",{"id":49,"name":50,"slug":51},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":22,"name":23,"slug":24},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]