Upgrading your Starter Home
Posted by Larry Tollen on
Upgrading Your Starter Home
First-time home buyers make up 33% of all homebuyers in the US market, according to the National Association of Realtors in their 2019 end of year report. Most homes are previously owned. Overall 13% opt for a new construction. On average first homes were 1,850 square feet, three bedrooms, two bathrooms and were built around 1990. This is what we refer to as a "starter home." Most often it's where new couples or early career professionals who are looking to move out of their rentals for something with more predictability and control, and so that they can begin building equity. The great thing about many of our first-time homebuyers is the energy they put into their first home purchase. With much excitement and hope, our…
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