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| First-Time Homebuyers Shell Out More for Upgrades |
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While first-time homebuyers are facing certain challenges entering the housing market, that doesn't mean they aren't spending on upgrades to the homes they end up owning. According to a recent report by Houzz, first-time homebuyers in 2016 dropped more than ever on renovations, spending an average $33,800. Homeowners overall spent an average $60,400. First-time homebuyers aren't starting with small changes, either—in fact, many have taken on remodeling four rooms at once, including more involved projects like bathrooms and the kitchen. Most, as well, are focused on outfitting their new homes with smart home technology. ...
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Remember backyards? Those things we've been ignoring for the past four months? They're back!
