Take a Look at Your Home – It’s National Homeownership Month

your home and young buyersJune is National Homeownership Month, giving you an excuse to fall in love with your home all over again or find ways to revive it! What advice would you share with young buyers on purchasing a home? What do you wish you had known when you purchased your home?

According to the National Association of Home Builders (NAHB), builders have begun recognizing the need to design and construct homes around younger buyers these days. “As the economy recovers and young people who had to live at home with their parents move forward with their lives and achieve their dreams of homeownership,” reports NAHB Chairman Rick Judson, “home builders are delivering homes that cater to the floor plans, features and affordability that this generation desires.”

That means that energy efficient homes, tankless water heaters and ENERGY STAR-rated appliances top the list and that doors, windows and insulation are a focus, as well. In large part these options are requested due to the longer term annual savings over the life of the home. A recent NAHB study found that older homes (constructed prior to 1960) can expect maintenance costs of $564 a year, while homes constructed after 2008 averaged only $241 annually.

With that in mind Judson stresses that now is the time for young professionals to buy homes. “There are outstanding opportunities in the current market,” Judson explained.your home and young buyers “With near record low interest rates, competitive prices and new homes being built that include open layouts, energy efficient components and other features that cater to young buyers.”

To learn more about current building trends, check the NAHB website or visit NAHB on Pinterest to get project ideas for updating your home.


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About the Author

Take a Look at Your Home – It’s National Homeownership Month

Jerry and Rachel Hsieh

In the past 13 years in real estate and at the age of 38, Jerry has had the good fortune of experiencing all of this at some point and has established himself as one of the premiere AWARD WINNING Realtors in the industry. Jerry began his career at Coldwell Banker with incredible heat: He was named the top “rookie” agent his inaugural year with over $4.5 million dollars listed and/or sold (Most 1st year agents don’t complete any transactions). Since then, his real estate career has been non-stop and he has quickly become the realtor that other young realtors talks about. In 2010, in a down market, Jerry and Rachel sold 24 homes within a 1 mile radius of the Pico/Fairfax area. They have sold over 50 homes in the Picfair Area in the past 4 years, more than any other realtor. From 2011 until now, Jerry and Rachel’s Team has grown, as has Jerry’s experience and expertise.