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Renovation projects remain popular, but homeowners often need help paying for them

Housing Wire

In response, some consumers have turned to renovation projects to meet their needs. The market for renovation projects is a lucrative one for homebuilders and contractors. The Clever survey found that 85% of respondents spent at least $10,000 on renovations in 2023, including 48% who spent at least $50,000.

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Homebuyers say they are willing to accept longer mortgage terms

Housing Wire

But despite this trend, some buyers are willing to adjust their loan term expectations to achieve homeownership, according to a recent report by real estate technology company REsimpli. Consumers also said they were willing to tackle renovation costs if it meant achieving homeownership, according to the survey.

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Why real estate professionals must return to old-school thinking in 2025

Housing Wire

Beyond that, technology continues to evolve, yet those solutions do little to streamline processes and deliver actual returns. Professionals should also leverage technology to give clients the best experience for the biggest decision of their lives. But to execute at scale will require support from cutting-edge technology applications.

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HouseAmp, Renovation Sells seek to streamline the presale process

Housing Wire

What do you get when you combine home renovation specialists with a lender that can provide funds in short order? The new partnership between HouseAmp and Renovation Sells. The technology companies will tether their respective services with the goal of streamlining the process of getting a home ready for sale.

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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. We’re excited about combining the two companies local property management operations and robust technology products. Evernest and Poplar have each achieved national recognition on the Inc. 5000 list in the past.

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Baby boomers’ renovation needs are expected to accelerate: Property Brothers

Housing Wire

To better accommodate their needs as they age, baby boomer homeowners will likely need to renovate their homes to more easily accomplish goals related to aging in place and living in a safer, more comfortable dwelling. But for those opting to age in place, the renovations will be needed for safety and comfort in older age, he added.

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Home Depot Foundation invests $10M to assist veterans with aging in place

Housing Wire

Making small accessibility improvements or renovations in the home can sometimes be the difference between remaining housed or becoming displaced, according to Erin Izen, executive director of the Home Depot Foundation. Smart-home technology is becoming an increasingly important component of aging in place.