As a homeowner, you’re likely diligent about the basics—mowing the lawn, touching up paint, and cleaning regularly. But what about the critical home maintenance tasks you don’t see every day?

Research shows that home maintenance frequently takes a backseat, even with the best intentions. In fact, a recent survey found that 60% of homeowners have postponed necessary maintenance or repairs, while 40% admit to paying for a major home repair that could have been avoided with better upkeep.¹ 

Still, it’s not just about avoiding costly emergencies—it’s also about maximizing the return on your biggest investment. According to research by Thumbtack, homeowners who do put in the extra care are rewarded: Well-maintained homes sell for an average of 10% more.² 

Let’s explore 10 often overlooked home maintenance tasks and how they can save you thousands in long-term costs.

 

1. Gutter Cleaning: Your First Line of Protection

Clogged gutters can cause water to overflow and seep into your home’s foundation, attic, or siding. Left unchecked, this can lead to foundation damage, rot, and even flooding.

The real cost of neglect: While professional gutter cleaning averages $162 nationally (up to $390 for multi-story homes), water damage repair costs can add up—averaging $5,100 for foundation damage and $4,300 for a flooded basement.^3,4,5

Your action plan:

• Clean gutters at least twice annually—in spring and fall.
• Use a gutter scoop or hose to remove debris.
• Consider investing in gutter guards to reduce future clogs.

This small task prevents major structural damage and prolongs the life of your home’s exterior.

 

2. HVAC Filter Replacement: Small Task, Major Impact

A dirty HVAC filter reduces airflow, causes your system to work harder, and increases energy use. It can also lead to health concerns from trapped contaminants circulating in your home’s air.⁶

The hidden costs: A neglected filter can lead to clamped-up coils, furnace failures, and sometimes a complete system replacement costing $4,000-$12,000.⁶

Your maintenance routine:

• Replace filters every 1–3 months, depending on filter type, usage, and the number of pets in your home.
• Opt for MERV 8–13 filters for efficiency and air quality balance.⁷
• Schedule full-system annual servicing ($175–$550) to catch hidden issues early.⁸

This simple task saves on energy bills (15-20% according to the Department of Energy) and extends your HVAC system’s lifespan.⁸

 

3. Water Heater Flushing: Preventing Sediment Buildup

Over time, sediment accumulates in your water heater tank, reducing efficiency and shortening the unit’s lifespan. Left unchecked, this buildup can cause leaks or complete tank failure.

The financial reality: Regular flushing prevents early replacement and may be required to maintain your water heater’s warranty.⁹  You can do it yourself or hire a professional for around $160.¹⁰

Your annual process:

• Turn off power and water supply to the unit
• Attach a hose to the drain valve and empty the tank completely
• Check your anode rod; it may need to be replaced every 3–5 years.

This simple routine extends your water heater’s life and preserves energy efficiency.

 

4. Dryer Vent Cleaning: A Critical Safety Task

Lint buildup in dryer vents doesn’t just reduce drying efficiency—it’s one of the leading causes of house fires in the U.S.¹¹ They also force your dryer to work harder and longer for each load.

The cost factor: Professional dryer vent cleaning costs about $144 nationwide, while fire-related damage can run into the tens of thousands.¹²

Your safety protocol:

• Clean dryer vents every six months using a brush kit, or call in a professional.
• Replace plastic ducts with rigid metal ones, which resist lint clogs.
• Monitor drying times—longer than usual may signal a blockage.

This potentially life-saving task improves both safety and appliance efficiency.

 

5. Refrigerator Coil Cleaning: The 35% Energy Drain

Your refrigerator’s coils help expel heat. When coated in dust, they force the compressor to work harder, increasing energy bills and shortening appliance lifespan.

The efficiency impact: Dirty coils can increase energy use by up to 35% and, over time, can lead to costly repairs or replacement.¹³

Your simple solution:

• Check your manufacturer’s guidelines; many recommend cleaning every six months.
• Locate coils behind or at the bottom of the unit and use a vacuum or coil brush to remove dust and debris.
• Keep condenser fan areas unobstructed.

This $0 DIY task can trim your electricity bill—and prevent early breakdown.

 

6. Garage Door Lubrication: Prevents Costly Repairs

A squeaky garage door means friction—and friction leads to wear on moving parts, costly spring damage, and failed openers.

The mechanical reality: A new garage door opener can cost between $350-$1000 installed, but a can of lubricant only costs about $10.¹⁴

Your annual routine:

• Check the manufacturer’s guidelines to choose the right lubricant for your garage door.
• Prioritize safety: Ensure the door is fully closed and cut the electricity.
• Check for any signs of damage before proceeding, and call in a pro if needed.¹⁵

This simple task eliminates squeaks and avoids expensive mechanical repairs.

 

7. Sump Pump Testing: Your Basement’s Guardian

Your sump pump quietly protects your basement from water damage—but it needs testing to ensure it works when you need it most.

The flood prevention factor: Sump pump failure during a storm can result in thousands of dollars in cleanup costs.⁵

Your quarterly test:

• Pour water into the pit to ensure the float triggers the pump.
• Confirm pump and drainage are working correctly.
• Clean the inlet screen once per year to avoid clogs.

This 10-minute check gives peace of mind and avoids major flood damage.

 

8. Chimney Cleaning: Preventing House Fires

According to the National Fire Protection Association, the leading cause of home heating fires (30%) is a dirty chimney.¹⁶

The fire prevention imperative: Professional cleaning costs between $100-$350 and is crucial for anyone burning wood.¹⁷ The cost of ignoring this task includes chimney repairs and fire damage that can devastate homes.

Your annual safety check:

• Hire a certified chimney sweep for inspection and cleaning, if needed.
• Use only seasoned wood to reduce creosote buildup.
• Install a chimney cap to block debris and critters.

Professional chimney maintenance is a non-negotiable safety investment.

 

9. Roof Inspection: Protecting Your Shelter

Your roof endures a lot—storms, sun, pests—and while damage may start small, it can become unbelievably costly if ignored.

The structural stakes: A professional inspection averages $239, but some roofers will offer one for free.¹⁸ Roof repair costs have surged 28.47% year-over-year.¹⁹ A new roof now costs $9,500 on average.²⁰

Your inspection process:

• Twice per year, perform a DIY inspection for missing shingles, cracked flashing, and sagging areas.
• Check your attic for stains or leaks after rainfall.
• Consider a professional inspection every 1-2 years, depending on your risk factors.¹⁸

Early intervention prevents thousands in repairs and helps retain resale value.

 

10. Water Pressure Monitoring: Protecting Your Plumbing

Many homeowners never check their home’s water pressure, but levels above 80 psi can damage pipes, appliances, and fixtures throughout your home, leading to premature failures and leaks.

The pressure problem: Water pressure that’s too high can damage your pipes and lead to expensive repairs or flooding. Pressure that’s too low can impact the performance of your faucets and appliances.²¹

Your annual check:

• Use a water pressure gauge connected to an outdoor faucet.
• Ideal pressure: 40-60 psi. Install a regulator if it runs high.
• Monitor for sudden changes that could signal a plumbing issue.²¹

This small check helps you avoid hidden damage to your entire plumbing system.

 

Creating Your Home Maintenance Schedule

Rather than reacting to emergencies, create a proactive plan. Here’s a maintenance chart that puts it all in one place:

 

Task	Frequency	Key Tools/Materials	Professional Cost
Gutter cleaning	Every 6 months	Gutter scoop, hose	$162 ($390 for 2 story)
HVAC filter change	1–3 months	MERV 8–13 filters	$175–$550 for full service
Water heater flush	Annual	Hose, wrench	$160
Dryer vent cleaning	Every 6 months	Brush kit	$144
Refrigerator coil clean	Every 6 months	Vacuum, coil brush	DIY
Garage door lubrication	Annual	Lubricant	DIY
Sump pump testing	Quarterly	Bucket of water	DIY
Chimney cleaning	Annual	Professional tools	$100-$350
Roof inspection	Every 6 months (DIY); 1-2 years (professional)	Binoculars, ladder	DIY / $239
Water pressure test	Annual	Water pressure gauge	DIY

The Maintenance Investment Reality

Homes with consistent maintenance routines sell for around 10% more than average.² More importantly, budgeting 1–4% of your home’s purchase price annually helps prevent sudden, catastrophic expenses.²²

As Lucas Puente, Economist at Thumbtack, notes: “Across the U.S., buyers should be prepared to spend at least a few thousand a year in home maintenance costs.”²³

 

Bottom Line

Proactive home maintenance isn’t optional—it’s essential. The ten hidden tasks above are often overlooked, but they’re critical to preserving your home’s safety, energy efficiency, and resale value.

Ultimately, your home is an investment. Consistent upkeep helps you avoid emergencies, save on utilities, and protect your equity for the long term.

Ready to create a tailored maintenance plan for your home? I can connect you with trusted local service pros and show you how proactive upkeep contributes to your home’s market value. Let’s talk about keeping your home in peak condition—and protecting one of your most valuable investments.

 

Sources

1. Finance Buzz –
   https://financebuzz.com/homeowner-maintenance-repairs-survey
2. Thumbtack –
   https://blog.thumbtack.com/investing-in-home-maintenance-pays-off-yet-the-majority-of-homeowners-are-under-budgeting-84426995b6c5
3. This Old House –
   https://www.thisoldhouse.com/gutters/gutter-cleaning-cost
4. This Old House –
   https://www.thisoldhouse.com/foundations/foundation-repair-cost
5. Forbes –
   https://www.forbes.com/home-improvement/plumbing/basement-flooding-repair-cost/
6. HVAC.com –
   https://www.hvac.com/expert-advice/consequences-not-changing-your-air-filter/
7. New York Times –
   https://www.nytimes.com/wirecutter/reviews/furnace-and-air-conditioner-filters-we-would-buy/#how-to-choose-a-filter-by-its-merv-rating
8. Today’s Homeowner –
   https://todayshomeowner.com/hvac/cost/ac-tune-up-cost/
9. Home Depot –
   https://www.homedepot.com/c/ah/how-to-flush-a-water-heater/9ba683603be9fa5395fab901d7efffcd
10. Angi –
    https://www.angi.com/articles/water-heater-flush-cost.htm
11. National Fire Protection Association –
    https://www.nfpa.org/education-and-research/research/nfpa-research/fire-statistical-reports/home-fires-involving-clothes-dryers-and-washing-machines
12. Home Advisor –
    https://www.homeadvisor.com/cost/cleaning-services/clean-dryer-vents/
13. U.S. Department of Energy –
    https://www.energy.gov/energysaver/purchasing-and-maintaining-refrigerators-and-freezers
14. Angi –
    https://www.angi.com/articles/how-much-does-garage-door-opener-cost.htm
15. Lowes –
    https://www.lowes.com/n/how-to/how-to-lubricate-garage-door
16. U.S. Environmental Protection Agency –
    https://www.epa.gov/sites/default/files/2016-11/documents/kit_2_fast_facts.pdf
17. Today –
    https://www.today.com/series/how-often-should-you/chimney-cleaning-how-often-get-sweep-inspection-t104648
18. Angi –
    https://www.angi.com/articles/how-much-does-roof-inspection-cost.htm
19. Bankrate –
    https://www.bankrate.com/home-equity/most-expensive-home-maintenance-costs/#home-maintenance
20. Nerdwallet –
    https://www.nerdwallet.com/article/mortgages/roof-replacement-cost
21. The Spruce –
    https://www.thespruce.com/testing-water-pressure-in-your-home-2718692
22. Home Guide –
    https://homeguide.com/costs/average-home-maintenance-costs
23. Zillow –
    https://zillow.mediaroom.com/2017-07-31-Homeowners-Can-Spend-More-Than-9-000-a-Year-on-Hidden-Homeownership-and-Maintenance-Costs?mobile=No

As we reach the midpoint of 2025, the U.S. housing market stands at a critical juncture. The frenzy of the pandemic-era real estate boom has long since cooled, but in its place we’re seeing a market searching for balance. Higher mortgage rates, cautious buyers, and rising home inventory are combining to reshape what it means to buy or sell a home in today’s climate.

“The housing market is at a turning point,” says Nadia Evangelou, senior economist and director of real estate research at the National Association of Realtors.¹ This turning point brings both challenges and opportunities. Whether you’re buying, selling, or just keeping a close eye on the market, understanding these evolving trends is essential.

In this comprehensive market update, we examine four key factors influencing today’s housing market and provide actionable strategies for navigating these evolving conditions.

 

FEWER HOME SALES, BUT MOMENTUM IS GROWING

While existing home sales have seen a modest uptick compared to last year, overall activity remains well below pre-pandemic norms.^2,3 Many potential buyers are still on the sidelines, held back by ongoing economic uncertainty and affordability challenges driven by elevated mortgage rates and home prices.⁴

As Lawrence Yun, Chief Economist for the National Association of Realtors, explains, “Home sales have been at 75% of normal or pre-pandemic activity for the past three years, even with seven million jobs added to the economy. Pent-up housing demand continues to grow, though not realized. Any meaningful decline in mortgage rates will help release this demand.”³

Yet, change is in the air. An increase in inventory, coupled with selective price reductions, is creating renewed interest among buyers. Hannah Jones, senior economic analyst at Realtor.com, told Newsweek in May, “This summer’s housing market is expected to display familiar seasonal patterns, such as increased home sales and rising prices, but overall activity may remain subdued as buyers contend with elevated housing costs.”⁵

 

What it means for you:  A slower pace of sales offers opportunities for buyers. With less competition and more room to negotiate, now could be a smart time to reenter the market. 

For sellers, success lies in understanding today’s buyer mindset and pricing your home to reflect current market dynamics. We’re here to help you analyze local trends and craft a strategy that gets results.

 

MORTGAGE RATES REMAIN ELEVATED BUT STABLE

Currently, 30-year fixed mortgage rates are hovering below 7%, and Yun expects them to average 6.4% in the second half of the year.⁶ While this is a far cry from the sub-3% rates of the pandemic era, it’s becoming the new normal. “Persistently high mortgage rates mean affordability remains top of mind,” explains Jones.⁵

For many would-be buyers, affordability challenges are now central. Monthly housing payments have more than doubled since the pandemic, not only due to higher home prices but also because mortgage rates are amplifying the cost of borrowing.⁷ In response, builders and sellers alike are offering concessions—from interest rate buydowns to closing cost assistance.⁸

 

What it means for you:  Mortgage rates aren’t likely to drop significantly anytime soon, so waiting for a better rate might not be the most effective strategy. Instead, buyers should focus on ways to reduce costs upfront or refinance later if rates eventually fall. 

Sellers take note: Offering mortgage rate incentives or closing cost support can set your listing apart and expand your pool of qualified purchasers. We can help you evaluate your options and market these perks to today’s cost-conscious buyers.

 

AN UPTICK IN INVENTORY OFFERS OPPORTUNITY FOR BUYERS

One of the most significant shifts in 2025 is the dramatic change in housing supply. For the first time in recent history, there are far more active sellers than buyers—an estimated 33.7% more. 

This reversal stems from a combination of factors: the return-to-office trend has cooled demand in previously hot markets, while affordability issues continue to keep many potential buyers on the sidelines. At the same time, a growing number of homeowners—tired of waiting out market uncertainty—are choosing to list their properties, further swelling the supply.⁹

 

Many major metros are now considered buyer’s markets, especially in the South and on the West Coast. Homes are sitting on the market longer, and stale inventory is piling up. “The balance of power in the U.S. housing market has shifted toward buyers,” says Redfin senior economist Asad Khan.⁹

What it means for you:  Buyers in many markets now have more choice and leverage than they’ve had in years. Sellers must adapt quickly—pricing aggressively, staging well, and being open to negotiation. 

A skilled agent is an invaluable ally in this climate: For buyers, we can help identify hidden gems and guide strong offers. For sellers, we can develop marketing strategies to move your home efficiently, even in a competitive landscape.

 

HOME PRICES REMAIN HIGH BUT SHOW SIGNS OF SOFTENING

After years of rapid price growth, the market is seeing a gentle descent back to earth. While some pockets of the Northeast and Midwest are still experiencing price increases, values are flattening or falling in many parts of the country. Newsweek reports that home values declined in over half the U.S. states during the first half of 2025, especially in the Sun Belt region.⁵

Economists forecast that the median U.S. home price will remain flat in the third quarter and dip about 1% year-over-year by the end of 2025.⁸ Sellers are beginning to accept that sky-high comps from 2021 and 2022 are no longer relevant–-largely due to persistent affordability challenges.

Households earning $75,000 a year can now afford just 20% of homes on the market—down sharply from nearly 50% before the pandemic.¹ This shift is driven in part by a chronic shortage of housing supply, which continues to keep prices out of reach for many would-be buyers despite recent softening.¹⁰

This ongoing supply shortage is expected to prevent a significant drop in home values. As finance expert Michael Ryan tells Newsweek in May, “The housing market isn’t crashing dramatically, more like it’s finally coming back down to earth from a sugar high.”⁵

What it means for you:  For buyers, softening prices can lead to better opportunities—especially in market segments where listings are lingering. 

For sellers, the key is realism. “Gone are the days when you could slap any old price on your house and expect a bidding war,” says Ryan. Strategic pricing from the start is crucial. We can help determine what your home is truly worth in today’s market.⁵

 

LET’S MAKE YOUR NEXT MOVE A SMART ONE

While national housing reports can give you a “big picture” outlook, much of real estate is local. And as local market experts, we know what’s likely to impact sales and drive home values in your particular neighborhood. 

If you’re planning to buy a home in 2025, you have more options and room to negotiate—but must remain vigilant about financing and affordability. If you’re a seller, your strategy should reflect today’s conditions, not yesterday’s highs. And if you’re a homeowner, now is a good time to evaluate whether it makes sense to stay put, refinance, or take advantage of current equity to make a move.

The best decision is an informed one, and that’s where a trusted real estate professional comes in. We have the local insight, negotiation skills, and market knowledge to help you succeed—whether you’re buying your first home, selling your third, or simply weighing your next move. Reach out today to start a conversation about your goals and how the current market can work for you.

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

1. National Association of Realtors –
   https://www.nar.realtor/newsroom/americas-housing-affordability-gap-persists-households-earning-75000-annually-can-afford-less-than-a-quarter-of-for-sale-home-listings
2. Zillow –
   https://www.zillow.com/research/home-value-sales-forecast-33822/
3. National Association of Realtors –
   https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales
4. MarketWatch –
   https://www.marketwatch.com/story/home-buyers-are-finding-the-silver-lining-in-a-stalled-housing-market-especially-if-theyre-in-this-group-1bd9eaff
5. Newsweek –
   https://www.newsweek.com/map-shows-home-values-dropping-half-country-housing-market-shifts-2074904
6. National Association of REALTORS® Residential Economic Issues & Trends Forum –
   https://www.nar.realtor/newsroom/nar-chief-economist-lawrence-yun-says-mortgage-rates-fast-rise-hurt-housing-market-during-realtors-legislative-meetings
7. National Association of REALTORS® Legislative Meetings 2025
   https://cms.nar.realtor/sites/default/files/2025-06/2025-realtors-legislative-meetings-residential-economic-issues-and-trends-forum-lawrence-yun-presentation-slides-06-03-2025.pdf?_gl=1*166ceye*_gcl_au*MTUxMjAyMjU3Ny4xNzQ2ODI4MDcz
8. Redfin –
   https://www.redfin.com/news/home-price-forecast-decline-2025/
9. ResiClub –
   https://www.resiclubanalytics.com/p/housing-market-now-has-500000-more-home-sellers-than-homebuyers-redfin
10. Realtor.com –
    https://cms.nar.realtor/sites/default/files/2025-06/2025-realtors-legislative-meetings-residential-economic-issues-and-trends-forum-danielle-hale-presentation-slides-6-3-2025.pdf?_gl=1*166ceye*_gcl_au*MTUxMjAyMjU3Ny4xNzQ2ODI4MDcz

Navigating the real estate market without guidance is like starting an expedition without a map. Whether you’re selling your cherished family home or searching for your dream property, having the right real estate agent by your side can make all the difference.

According to a 2024 report from the National Association of Realtors, agent-represented homes sold for a median price of $435,000, compared to just $380,000 for those sold by owners alone.¹ 

But home sellers aren’t the only ones who can benefit. A study by the Consumer Federation of America found that homebuyers can save significantly by working with an agent dedicated to their interests.²

While it’s easy to see the advantages of working with a real estate professional, it can be challenging to find the right representative whose expertise, service, and terms align with your specific needs. This comprehensive guide presents five factors to consider when choosing a real estate agent who can deliver results while streamlining the process.

 

Buyer’s Agent vs. Listing Agent: What’s the Difference? A buyer’s agent represents the interests of the homebuyer. Their role includes helping you find properties that meet your criteria, coordinating viewings, negotiating offers, and guiding you through inspections and closing. They are your advocate throughout the purchasing process. A listing agent, on the other hand, represents the seller. They are responsible for pricing the home competitively, marketing the property, managing showings, and negotiating with buyers on your behalf. Their job is to sell your home with the best possible terms. In most cases, homeowners who are selling their current property and buying a new one can work with the same agent for both transactions. This offers convenience and consistency, as your agent will have a full understanding of your timeline, financial goals, and property preferences. However, if you’re relocating to a different city or state, you may need to work with two separate agents—one to list and sell your current home and another with local expertise in your new area to assist with your purchase.

 

1. Credentials & Reputation

A well-qualified agent brings more than just enthusiasm; they bring training, experience, and a proven track record.

First, check that the agent holds a valid license through your state’s real estate commission. Licensed real estate agents must complete state-approved education courses, pass a licensing exam, and stay current with the latest laws and market practices. They are also bound by state regulations and ethical codes, particularly if they are members of the National Association of Realtors.³

Next, inquire about the agent’s continuing education. Real estate designations and certifications indicate additional training and a commitment to excellence in specific areas of real estate.

When it comes to reputation, don’t hesitate to ask for references and check online reviews. Past clients can provide insight into the agent’s communication style, negotiation skills, and ability to manage complex transactions. Prioritize any feedback you receive from trusted family and friends.

Additionally, take time to visit the agent’s website and social media channels to see if they regularly share useful and relevant real estate information, such as market updates, home buying and selling tips, or neighborhood insights. A well-maintained online presence not only reflects their commitment to staying engaged in the industry but also shows they are a resource for their clients before, during, and after a transaction.

 

2. Local Market Knowledge

One of the most valuable assets a real estate agent can offer is in-depth knowledge of the local market. Whether you’re buying or selling, working with someone who understands the neighborhoods, pricing trends, school districts, amenities, and zoning regulations in your target area can give you a significant edge.

A local market expert can help sellers price their home competitively, attract the right buyers, and highlight community features that add value. For buyers, a locally knowledgeable agent can identify hidden gems, alert you to upcoming developments that may impact property values, and advise on which areas offer the best long-term investment potential.

They also tend to have established relationships with local lenders, inspectors, contractors, and other professionals, which can make the entire process smoother and more efficient. When choosing your agent, ask how long they’ve worked in the area and what insights they can offer about your specific neighborhood or region.

 

3. Service & Value Proposition

Not all real estate agents offer the same level of service, so it’s important to understand what sets one apart from another. Take time to evaluate an agent’s unique value proposition—what they promise to deliver that others may not. This can help you choose someone whose approach and strengths align with your specific needs.

If you’re selling a home, ask for a written copy of their marketing plan. What steps will they take to reach qualified buyers? Find out how they determine pricing and how actively they will communicate with you throughout the transaction.

For buyers, consider how the agent searches for properties, how quickly they can schedule showings, and whether they can help you compete in a competitive market. Do they offer guidance on financing, local insight on neighborhoods, or access to off-market listings?

An effective agent should be able to clearly articulate the value they bring, backed by experience, data, and a commitment to personalized service. Ask for a breakdown of their services upfront to ensure you understand what to expect from the partnership.

 

4. Terms of Representation

Before committing to an agent, it’s essential to understand the terms of your working relationship. Clarify who will be your primary contact and how and when they will communicate with you throughout the process. The best real estate agents establish clear communication protocols and consistently meet or exceed expectations throughout the relationship.

Most agents will ask you to sign a contract that outlines their duties, your obligations, and the scope of services provided. Take time to review the terms carefully and ask questions.

For sellers, the agreement may include the listing price, compensation terms, and the duration of the contract.⁴ Buyers typically sign a representation agreement, which confirms the agent is working in their best interest during the home search and purchase process.⁵

Always thoroughly review any buyer or seller agency agreement for termination clauses and commission obligations before signing. Trustworthy agents are transparent about their compensation structure and willing to explain how it aligns with your goals.

 

5. Ongoing Support

Exceptional agents continue to provide support long after closing. A top-tier real estate professional offers ongoing support, ensuring you have a trusted resource long after the transaction is complete.

Some agents are willing to provide post-purchase assistance, such as recommending reliable contractors, helping you understand your property tax assessments, or offering periodic home value analyses. For sellers, they may provide advice on reinvestment options or an agent referral if you’re planning to move to a new area.

This continued relationship can be especially valuable if you’re new to the area or plan to buy or sell again in the future. Ask potential agents how they stay in touch with past clients and whether they offer any resources or services to support you after closing. An agent who sees the relationship as long-term is one who genuinely values your trust and satisfaction.

 

READY TO MAKE YOUR MOVE? LET’S TALK.

Choosing a real estate agent is one of the most important decisions you’ll make when buying or selling a home. The right partner can make the process easier to navigate and more rewarding, both financially and emotionally.

If you’re looking for an experienced, locally knowledgeable agent who prioritizes clear communication, personalized service, and proven results, we’d love the opportunity to earn your trust.

Schedule a free, no-obligation consultation today to discuss your goals, ask questions, and find out how we can help you navigate your next move with confidence. Let’s turn your real estate goals into a successful reality—together.

 

The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

1. National Association of Realtors –
   https://www.nar.realtor/magazine/real-estate-news/fsbos-reach-all-time-low-more-sellers-rely-on-agents
2. Forbes –
   https://www.forbes.com/sites/tedknutson/2019/01/14/home-buyer-could-lose-big-by-not-working-with-agent-serving-them-solely-warns-consumer-federation/
3. Investopedia –
   https://www.investopedia.com/investing/steps-becoming-real-estate-agent/
4. National Association of Realtors –
   https://www.nar.realtor/the-facts/consumer-guide-listing-agreements
5. National Association of Realtors –
   https://www.nar.realtor/sites/default/files/2024-08/consumer-guide-written-buyer-agreements-2024-08-24.pdf

Thinking about listing your home in 2025? If so, you’re smart to start planning ahead. With housing inventory rising in many market segments, today’s sellers need more than just a “for sale” sign to stand out.¹

The good news? You can still make a strong impression and command top dollar—if you know what today’s buyers are really looking for.

We’ve outlined six of the top homebuyer priorities in 2025, along with a clear action plan to help you position your property for success. Whether you’re weeks or months away from listing, these insights will help you attract serious offers and maximize your return.

 

BUYER PRIORITY #1: Move-In-Ready Condition

Buyers want homes that are ready to enjoy from day one. In fact, a recent survey found that 94% of buyers said it was either “very important” or “somewhat important” to buy a home that’s move-in ready.² Properties that feel fresh and well-maintained are far more likely to attract competitive offers.

Seller Action Plan:

• Refresh your interior.
  This might include painting rooms in neutral, contemporary colors and swapping outdated fixtures for more modern alternatives. We may also recommend that you take down heavy drapery or dated blinds to brighten your space and clean or replace flooring to create a clean and cohesive look.
  

• Fix anything that’s broken.
  If something isn’t working quite right, repair it now. Provide maintenance records, if you have them, and consider a pre-listing inspection to identify potential issues early—helping avoid delays or negotiations later. We can advise you on the best course of action given your circumstances and your home’s condition.
  

• Strategically enhance kitchens and bathrooms.
  Modern kitchens and bathrooms are a major selling point for many buyers.³ While you don’t necessarily need a full remodel, smaller updates—like replacing kitchen appliances or retiling a bathroom shower—can make a big difference. At a minimum, ensure all surfaces–-including cabinets, countertops, and floors—are clean and in good condition, and address any grout issues or needed repairs.

Our team can help you identify and prioritize strategic improvements that will maximize your home’s appeal and market value. Contact us for a free evaluation!

 

BUYER PRIORITY #2: Flexible Closing Timelines

Many of today’s buyers are juggling complicated schedules and circumstances, especially if they need to time the sale of their current home with the purchase of their new one. If you are able to offer a flexible closing timeline, it can deliver an advantage.

Seller Action Plan:

• Define your ideal timeline and explore your level of flexibility.
  We can discuss your goals and expectations for a closing timeline and consider how much flexibility you might be able to offer buyers. This will depend on your specific circumstances, but additional leeway can be helpful.
   
• Make a plan to get out of your home quickly if needed.
  Some buyers need to move out of their current home quickly or relocate by a certain date to start school or a new job. Therefore, they may require an accelerated closing timeline. These buyers will be particularly interested in finding sellers who are willing and able to accommodate a fast closing. Worried about finding a new home if yours sells quickly? We can help you assess your options.⁴
• Leverage your real estate agent’s negotiation expertise.
  Closing dates can be tricky to navigate. As experienced professionals, we can help you work through the details to arrive at a mutually beneficial arrangement for you and the buyer. 

Trying to figure out a plan for your move? Schedule a free consultation to discuss your specific selling timeline and explore flexible closing options.

 

BUYER PRIORITY #3: Assistance & Incentives 

The high cost of purchasing a home leaves many homebuyers financially tapped out. Offering strategic assistance and incentives can make your property stand out and attract a larger pool of potential purchasers. That’s why, in a recent survey of real estate agents, the majority recommended offering some type of homebuyer incentive.⁵

Seller Action Plan:

• Consider closing cost assistance.
  Closing costs remain a significant barrier for many homebuyers, especially first-timers or those with limited savings. You might cover some of these expenses—such as mortgage fees or the buyer’s agent commission—using proceeds from the sale⁶. This type of assistance can make a big difference in helping buyers afford your home.
• Evaluate the value of a mortgage rate buydown.
  Another option popular with buyers is a temporary or permanent mortgage rate buydown.⁷ This means that you pay a lump sum upfront to reduce their mortgage rate (and their monthly payments), making a home purchase significantly more affordable for buyers.
• Offer an improvement allowance or home warranty.
  For homebuyers who are already stretched financially, the cost of home improvements and repairs can be a big concern. One way to alleviate those concerns is to offer a home improvement allowance. For example, you could offer to pay a set amount toward new kitchen appliances or to replace worn carpeting. Another solution is to offer buyers a one-year home warranty from a reputable provider. 

The most effective incentive strategies will depend on your specific property and its target buyers. Our team can help you identify creative and impactful options tailored to your home. 

 

BUYER PRIORITY #4: Curb Appeal 

A well-maintained and visually appealing exterior, often referred to as “curb appeal,” is essential for generating interest and bringing buyers in the door. In fact, 97% of Realtors say that curb appeal is important to buyers, and research indicates that properties with strong curb appeal tend to sell faster and for higher prices.⁸

Seller Action Plan:

• Maintain an immaculate exterior.
  Ensure your landscaping is well-maintained while it’s on the market, with your lawn mowed, hedges trimmed, and flower beds weed-free. If this isn’t your strong suit, invest in a professional service. When it comes to your home itself, a welcoming entrance with a clean, freshly painted front door and updated hardware can make a big difference.
• Address visible exterior elements.
  Inspect and touch up any peeling or faded paint on the siding or trim, and repair or replace any damaged siding or roofing. Check that your walkways and driveway are in good condition and that your outdoor lighting is sufficient and in working order.
• Keep things clean.
  Thoroughly power wash the siding, walkways, driveway, and any other exterior surfaces to remove dirt, grime, and mildew. Clean all windows and screens, both inside and out, to maximize natural light and improve the overall appearance of your home. 

We’re happy to offer specific recommendations to enhance your property’s curb appeal and to refer you to landscapers, painters, and other professionals for help. 

 

BUYER PRIORITY #5: Functional Spaces

Today’s buyers often prioritize properties that offer flexible and functional living spaces capable of adapting to their evolving needs, ranging from entertaining to remote work.⁹ This includes the increasing importance of reliable, high-speed internet connectivity, which has become essential for work and school, smart home technology, and overall modern living.

Seller Action Plan:

• Showcase versatile spaces to highlight their adaptability.
  Stage rooms to demonstrate their potential for various uses, such as a dedicated home office, a guest room that can also serve as a workout space, or a flexible living area that can accommodate a reading nook.
• Highlight storage and organization solutions.
  Functional living isn’t just about primary spaces—it’s also about smart storage. Showcase built-in shelving, closet systems, and other storage solutions that help keep the home organized and clutter-free. This gives buyers a sense of ease and livability.
  

• Keep connectivity in mind.
  Today’s buyers want high-tech capabilities without sacrificing style.¹⁰ High-speed internet access has become increasingly important, and technology features—like home automation systems and built-in charging stations—offer seamless integration while preserving a clean, modern aesthetic. If your home features any coveted technology features, be sure to highlight them.

Our team can help you stage your home to attract more potential buyers. Reach out for our recommendations!

 

BUYER PRIORITY #6: Energy Efficiency & Sustainability 

With rising utility costs and a focus on environmental responsibility and clean living, buyers are looking for homes with eco-friendly features.¹¹ A few small changes can help you make the most of that desire and draw in conscious buyers. 

Seller Action Plan:

• Incorporate and highlight sustainable materials.
  Buyers are increasingly drawn to homes that feature eco-conscious design choices. If you’ve used sustainable materials—like bamboo flooring, recycled glass countertops, low-VOC paints, or reclaimed wood accents—make sure to highlight these details. They not only enhance your home’s aesthetic but also signal a thoughtful, environmentally responsible approach to design.
• Install energy-efficient features.
  While it isn’t always cost-effective to add these features solely to sell your home, if you plan on making any upgrades to windows, systems, or appliances, keep energy efficiency in mind. You may also want to consider upgrades like a smart thermostat that can both help cut utility bills and show potential buyers that your home is loaded with the latest technology.
• Take steps to reduce energy loss throughout the home.
  Simple upgrades like sealing gaps around doors and windows, adding weather stripping, or insulating the attic can significantly improve a home’s energy efficiency.¹² These improvements may seem small, but they can lower utility bills and demonstrate to buyers that the home has been well maintained with long-term savings in mind.

We can help you identify the most impactful energy-efficient upgrades and highlight your home’s sustainable features to attract today’s eco-conscious buyers.

 

Partnering for Success: Your Strategic Advantage in Today’s Market

Successfully selling your home in today’s competitive and ever-evolving market requires more than luck—it demands insight, preparation, and expert strategy. By aligning your listing with the priorities of today’s buyers, you’ll position your property to stand out and sell faster for top dollar.

Our team is here to guide you every step of the way. From personalized recommendations and trusted vendor referrals to strategic pricing and marketing, we’re committed to helping you achieve a smooth and profitable sale.

Ready to take the next step? Contact us today for a complimentary home value assessment and customized sales plan designed to make your property shine. Let’s work together to turn your real estate goals into reality!

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

1. The Mortgage Report –
   https://themortgagereports.com/111334/monthly-for-sale-home-listings 
2. Bright MLS –
   https://brightmls.com/article/what-will-homebuyers-want-in-2025 
3. Homelight –
   https://www.homelight.com/blog/which-renovations-increase-home-value/ 
4. Homelight –
   https://www.homelight.com/blog/buyer-how-to-buy-a-house-while-selling-your-own/ 
5. Homelight –
   https://www.homelight.com/blog/real-estate-top-agent-insights-for-end-of-year-2024/ 
6. Federal Housing Finance Authority –
   https://www.fhfa.gov/blog/insights/opening-new-doors-overcoming-obstacles-to-attain-affordable-homeownership 
7. LendingTree –
   https://www.lendingtree.com/home/mortgage/buydown/ 
8. National Association of Realtors –
   https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact-report-outdoor-features# 
9. Yahoo –
   https://www.yahoo.com/lifestyle/home-trends-buyers-looking-2025-151535883.html 
10. Apartment Therapy –
    https://www.apartmenttherapy.com/2025-house-style-trend-prediction-real-estate-37448456 
11. National Association of Realtors –
    https://www.nar.realtor/magazine/real-estate-news/sales-marketing/13-features-new-home-buyers-say-are-essential-desirable
12. EnergyStar –
    https://www.energystar.gov/saveathome/seal_insulate/why-seal-and-insulate

Dreaming of a new home but feeling priced out? You’re not alone! According to a recent survey by Bankrate, 78% of aspiring homebuyers cite affordability issues as their primary deterrent.¹ 

According to data from the U.S. Census Bureau, home prices have risen around 32% since the pandemic, and elevated mortgage rates have caused monthly payments to balloon.²

 

Despite the challenges, homeownership remains a top goal for many Americans. Fortunately, there are ways to turn your dreams of homeownership into reality! In this guide, we’ll explore five common roadblocks to affordable homeownership and actionable solutions to help you overcome them. Let’s break down those barriers so you can finally get the home of your dreams!

 

ROADBLOCK #1: I Don’t Have Enough Saved For A Down Payment

Many prospective buyers believe they need a 20% down payment to buy a home. But in reality, most conventional loans require just 3-5%. And, for buyers who qualify, there are a number of programs and mortgage options that can make a home purchase more accessible.

Down Payment Assistance Programs (DPAs)
DPAs offer grants, loans, and other financial assistance to help with your down payment and closing costs. Many programs are specifically designed for first-time buyers, but there are also options for repeat homebuyers.^3,4 These programs can significantly reduce the upfront costs of buying a home. We can help you find down payment assistance programs. Contact us to find out if you may qualify!

0% Down Government-Backed Mortgages
If you qualify for certain government-backed mortgages, you may not need to come up with a down payment at all.⁵ While these loans, offered by the Department of Veterans Affairs (VA) and the United States Department of Agriculture (USDA), are not available to all buyers, they offer numerous benefits, including competitive rates and no down payment requirement. 

• VA loans are available to U.S. military members, including veterans and surviving spouses.⁶ They do not require a down payment, though the buyer must pay a fee at closing. 
• USDA loans are available to moderate to low-income buyers in certain rural areas.⁷ They do not require a down payment. 

Family Gifts
Did you know that 25% of first-time buyers in 2024 reported receiving down payment gifts or loans from family members or friends?⁸ In fact, a growing number of Baby Boomers are choosing to gift all or a portion of their heirs’ inheritance before they pass away.⁹ Some financial advisors even recommend this as part of their client’s estate plan. Just be sure to follow the proper procedures to document these types of gifts, if you’re fortunate enough to receive them.¹⁰ 

Existing Home Equity
Due to record-high real estate gains over the past few years, if you already own a home, you may have more equity than you realize.¹¹ This equity (or difference between your home’s current value and what you owe on your mortgage) could go toward a down payment on a new property. Wondering how much equity you have in your current home? Reach out for a free home value assessment.

 

ROADBLOCK #2: I Can’t Afford the Monthly Payment

Worried about those monthly mortgage payments? High interest rates and rising costs can make mortgage payments feel daunting. But there are strategies to reduce your monthly burden.

Explore Alternative Mortgage Terms
The traditional 30-year fixed-rate mortgage isn’t the only kind of loan out there. Options like adjustable-rate mortgages (ARMs) or hybrid mortgages can offer lower initial rates.^{12, 13} Some buyers opt for these if they plan to sell the home before the initial rate term ends or refinance down the road. A lower mortgage rate can significantly lower your monthly payment. However, it’s important to understand the risks involved so you can weigh the pros and cons before deciding.

Consider Discount Points
Buying discount points—a process also known as a permanent rate buy-down—is another great way to limit your monthly costs.¹⁴ Essentially, this strategy involves prepaying a fee to lower your interest rate across the life of your loan. If a seller is especially motivated, they may be willing to pay for discount points for the buyer to close the deal on a home. In some cases, we can help you negotiate these types of seller concessions.

Ask About Seller Financing or an Assumable Mortgage
Here are two less common options you might not have considered:¹⁵

• Seller Financing – The seller acts as the bank, offering you potentially better terms than a traditional mortgage.
• Assumable Mortgage – You take over the seller’s existing mortgage with a lower interest rate than what’s currently offered by lenders.

Note that these options may or may not be possible for you depending on the seller, the home, and the type of mortgage, but they are worth exploring—and we can help.

Co-Buy with Family or Friends
A growing number of homebuyers are returning to multigenerational living or are even buying a home with friends.¹⁶ This arrangement enables you to cut costs significantly while sharing both the time and financial responsibilities of homeownership. We can help you search for homes that are well suited for your group.

Purchase a Home with Income Potential
You can generate extra income to offset your mortgage payments by purchasing a duplex, renting out a room or an accessory dwelling unit (like a garage apartment), or even listing your property on Airbnb. We work with investors and can help you find a property to meet your goals.

 

ROADBLOCK #3: I Can’t Qualify for a Mortgage

Qualifying for a mortgage can be a stressful process, especially if you have previously faced financial challenges. But you might be pleasantly surprised—there’s a lot you can do to improve your chances of success. 

Boost Your Credit Score
Your credit score is foundational when it comes to getting a mortgage.¹⁷ A higher score typically means a lower interest rate and more options. Take steps to improve your credit by paying bills on time, reducing debt, and checking your credit report for errors. Even a small improvement in your score can make a big difference. Pro tip: Avoid opening or closing credit cards or taking out other loans (like car or personal loans) if you plan to start home shopping in the near future. 

Lower Your Debt-to-Income Ratio
Lenders want to see that you can comfortably handle your debts. They assess this by calculating your debt-to-income ratio: your total monthly loan payments (including mortgage, car loans, student loans, and credit cards) divided by your gross monthly salary.¹⁸ Paying down other types of debt, like your car loan, will leave more space in your budget for a monthly mortgage payment. 

Apply for an FHA Loan
FHA loans are designed for buyers with less access to savings, as well as those with lower credit scores.¹⁹ Down payments on FHA mortgages can be as low as 3.5% with a credit score of 580 or above, or 10% with a credit score of 500 or above. Generally, the buyer’s debt-to-income ratio must be below 43%, with no more than 31% of income going to mortgage payments. These loans do come with some additional requirements, such as mortgage insurance (including an upfront premium of 1.75% at closing), a pre-purchase inspection, and borrowing limits that vary based on geographic area. 

Consider Getting a Co-Signer
Having a co-signer with a stronger credit history or more income can strengthen your application, but make sure you (and they) understand the risks and responsibilities involved.

 

ROADBLOCK #4: I Can’t Find a Home in My Price Range

Feeling frustrated by the lack of affordable homes on the market? Unfortunately, this is a common problem.²⁰ But with a little flexibility and guidance, it’s possible to find a great property to fit most budgets.

Expand Your Home Search
You may need to search outside your target area. In many markets, home prices vary drastically within the span of miles.²¹ Being open to exploring alternative neighborhoods or those farther from town can open up surprising possibilities. As local market experts, we can help you discover hidden gems and up-and-coming neighborhoods. Reach out for a complimentary consultation.

Revisit Your Must-Haves
Take a close look at your “must-have” list. Are there any features you can compromise on to expand your options and find a more affordable property? For example, do you really need two bathrooms, or could you settle for a single bathroom with space to add a second one in the future? These types of compromises can sometimes shave tens of thousands off your purchase price. We’re happy to offer our thoughts on the features that you’re likely to find within your budget.

Consider Fixer-Uppers
Looking to cut purchase costs? Don’t shy away from homes that need a little TLC.²² Fixer-uppers usually come with a lower price tag, and you can personalize the renovations to your taste. Just be sure to factor in the cost of repairs and renovations when determining your budget—and to be realistic about your own home repair skills! If you’re interested in exploring fixer-upper opportunities, we can help you identify properties with potential and connect you with reliable contractors.

 

ROADBLOCK #5: I’m Overwhelmed by the Process

Buying a home can feel like navigating a maze. Between searching for properties, securing financing, negotiating contracts, and handling paperwork, the process can quickly become overwhelming. But you don’t have to do it alone! We can simplify every step, helping you stay organized, informed, and confident in your decisions.

Find the Right Home Faster
The sheer number of listings on the market can be daunting, and homes that meet your criteria may not always be easy to find. Our team can:

• Save you time by narrowing down homes that fit your budget, needs, and lifestyle.
• Get you access to off-market and pre-listing properties that aren’t widely advertised.
• Provide insights on local market trends to help you make a competitive offer.

Navigate Financing & Paperwork With Ease
Real estate transactions involve complex contracts, legal documents, and lender requirements. One misstep could delay your purchase—or even cost you your dream home. We will:

• Help you find down payment assistance or grants that you may not be aware of.
• Explain mortgage options and connect you with reputable lenders.
• Ensure all purchase documents are accurate and deadlines are met.

Score the Best Deal
Many buyers worry about overpaying for a home or getting stuck with costly repairs, but we know how to:

• Use expert negotiation tactics to secure the best possible price.
• Identify hidden costs so you aren’t caught off guard at closing.
• Negotiate repairs or seller concessions to save you money.

Streamline Inspections & Closing
The home inspection and closing process can bring last-minute surprises. We avoid these by:

• Helping you interpret inspection reports and advising on necessary repairs.
• Coordinating with lenders, appraisers, and title companies to keep everything on track.
• Preparing you for closing day so you know exactly what to expect.

Benefit From Ongoing Support
Our relationship doesn’t end once you get the keys. We always go the extra mile to:

• Recommend trusted contractors for renovations and repairs.
• Help you make strategic upgrades through complimentary real estate consultations.
• Provide market updates in case you want to refinance or sell later.

The bottom line? You don’t have to navigate this process alone. When you work with us, you’ll have a trusted partner to handle the complexities, answer your questions, and ensure everything goes smoothly from start to finish.

 

LET’S TURN ROADBLOCKS INTO STEPPING STONES TOWARD YOUR DREAM HOME

Buying a home may come with challenges, but none of them are impossible to overcome. With the right strategies, resources, and expert guidance, you can navigate these obstacles with ease.

Whether you’re worried about saving for a down payment, qualifying for a mortgage, or finding the right home in your price range, there are solutions available to help you move forward. The key is to stay informed, explore all your options, and work with professionals who can guide you every step of the way.

Our team is here to help you find the right home, secure the best financing, and negotiate the best deal—without the stress and uncertainty of doing it all yourself. Let’s turn your homeownership dreams into reality. Contact us today to get started!

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

SOURCES: 

1. Bankrate –
   https://www.bankrate.com/mortgages/home-affordability-report/#unaffordability 
2. Nerdwallet –
   https://www.nerdwallet.com/article/mortgages/2025-home-buyer-report 
3. Bankrate –
   https://www.bankrate.com/mortgages/first-time-homebuyer-grants/#types
4. Down Payment Resource –
   https://downpaymentresource.com/ 
5. Bankrate –
   https://www.bankrate.com/mortgages/types-of-mortgages/#government-backed 
6. Bankrate –
   https://www.bankrate.com/mortgages/understanding-va-loans/ 
7. Bankrate –
   https://www.bankrate.com/mortgages/what-is-a-usda-loan/ 
8. National Association of Realtors –
   https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers 
9. Business Insider –
   https://www.businessinsider.com/boomers-not-waiting-pass-inheritance-wealth-transfer-millennials-need-it-2024-7
10. Experian –
    https://www.experian.com/blogs/ask-experian/down-payment-gift-rules/
11. Bankrate –
    https://www.bankrate.com/home-equity/homeowner-equity-data-and-statistics/ 
12. Nerdwallet –
    https://www.nerdwallet.com/article/mortgages/adjustable-rate-mortgage-arm 
13. Lending Tree –
    https://www.lendingtree.com/home/mortgage/what-is-a-hybrid-mortgage/ 
14. Investopedia –
    https://www.investopedia.com/terms/d/discountpoints.asp 
15. Lending Tree –
    https://www.lendingtree.com/home/mortgage/what-to-know-about-owner-financing/
16. National Association of Realtors –
    https://www.nar.realtor/blogs/economists-outlook/home-for-the-holidays-the-rise-of-multi-generational-home-buying 
17. Consumer Financial Protection Bureau –
    https://www.consumerfinance.gov/consumer-tools/credit-reports-and-scores/ 
18. Nerdwallet –
    https://www.nerdwallet.com/article/mortgages/debt-income-ratio-mortgage 
19. Bankrate –
    https://www.bankrate.com/mortgages/what-is-an-fha-loan/#requirements 
20. Bankrate –
    https://www.bankrate.com/real-estate/low-inventory-housing-shortage/
21. Realtor –
    https://www.realtor.com/advice/buy/priced-out-of-dream-neighborhood-cheaper-alternative/  
22. This Old House –
    https://www.thisoldhouse.com/buying/21017198/buying-a-fixer-upper-house

Tax season. Just the words can send shivers down your spine. But if you’re a homeowner, there’s a silver lining: potential savings! 

You’ve probably heard that you can deduct the interest you pay on your mortgage — but did you know there are many other ways homeowners can reduce their tax burden?

Before you start your return, read this post for common home-related tax deductions, eligibility requirements, and tips on how to maximize your savings.

Home-Related Tax Savings: The Basics

Before we get into the details, it’s important to define some important terms to set the stage. 

Tax Deductions vs. Tax Credits

Most tax savings opportunities for homeowners come in the form of tax deductions. Deductions work by reducing your taxable income — essentially, the government allows you to subtract certain expenses from your total income before calculating how much you owe in taxes. This means a lower taxable income and, ultimately, a lower tax bill. For example, if you earn $50,000 and claim tax deductions worth $5,000, you will only pay taxes on $45,000. 

Tax credits, on the other hand, directly reduce your tax bill, rather than your taxable income. That means that if you owe $10,000 in taxes and claim a tax credit worth $2,000, your tax bill will be reduced to $8,000. 

Pro Tip: Meticulous record-keeping is crucial. Keep detailed records of all potentially eligible expenses. This will make tax time much smoother and ensure you don’t miss out on any deductions. 

Itemized Deductions vs. Standard Deduction

To understand what deductions apply to your situation, it’s important to know the difference between itemized deductions and the standard deduction. The standard deduction is a fixed dollar amount that you can subtract from your adjusted gross income (AGI) regardless of your actual expenses. Itemized deductions, on the other hand, are specific expenses that you can deduct, such as mortgage interest, property taxes, and charitable contributions.

You’ll need to choose whether to itemize or take the standard deduction. Generally, you should itemize if your total itemized deductions exceed the standard deduction. Most home-related deductions are only applicable if you choose to itemize.

2025 Standard Deduction Amounts

• Single and Married Filing Separately: $15,000
• Head of Household: $22,500
• Married Filing Jointly: $30,000¹

Source: IRS

Key Home-Related Tax Deductions and Credits

If you do choose to itemize your taxes, common tax deductions and credits available to homeowners include: 

Mortgage Interest Deduction

No one likes to pay mortgage interest, but the good news is that you can deduct interest used to buy or build your primary residence or a second home. However, there are certain limitations that you need to be aware of.²

Mortgage size: If you file your taxes single or married filing jointly, you can deduct interest paid on the first $750,000 of mortgage debt³ for your primary residence or second home. If you are married but choose to file separately, that limit drops to the first $375,000 (for each partner). 

Requirements: 

• The mortgage interest deduction only applies if your home is collateral for the loan (which is standard).
• To qualify as a primary home, your property must have sleeping, cooking, and toilet facilities.
• If you are deducting mortgage interest on a second home, you don’t need to use the home during the year; however, if you rent it out, you must spend at least 14 days or more than 10% of the days you rented it out (whichever is longer). 

So, how do you calculate how much mortgage interest you’ve paid?

The amount of interest you pay each year will vary, even if your interest rate is fixed — that’s because mortgage amortization³ means that you pay more interest earlier in the mortgage’s term, and more principal closer to the end. Each year, your lender will send you (and the IRS) a copy of Form 1098, which shows how much you paid in interest.⁴ 

For example, let’s say you are a married homeowner filing jointly with a mortgage for $400,000. If your Form 1098 shows that you paid $25,000 in mortgage interest in 2025, you could deduct the full $25,000 from your 2025 household income.

Real Estate Taxes (Property Taxes)

You can deduct state and local real estate taxes (property taxes) you pay on your primary residence or second home. However, it’s crucial to understand what qualifies. Only property taxes imposed for “general public welfare” are deductible⁵—if your town imposes a special assessment for a project that directly improves your property value, like a sewer line, that is not deductible. Furthermore, fees for local services, such as trash collection or sewer maintenance, are not deductible, even though your town may list them on the same bill as your property taxes.

There’s also a limit: the 2017 Tax Cuts and Jobs Act imposed a $10,000 cap on the total amount of state and local taxes (SALT)⁶ you can deduct. This includes state and local income tax (or sales tax) as well as property taxes. 

Finally, be aware that the amount you deduct must match the amount actually paid to the tax authority.⁷ This might differ from what you put into escrow if you pay property taxes through your mortgage lender. Typically, the amount your lender paid to your tax authority is listed on Form 1098.

Home Equity Loan Interest

You can deduct the interest paid on home equity loans or home equity lines of credit, but with a significant caveat. Since 2017, that interest is only deductible if the loan proceeds are used to buy, build, or substantially improve³ your primary residence or second home, and the loan is secured by the home.

If you use the home equity loan for other purposes, such as a vacation, debt consolidation, or purchasing a car, the interest is generally not deductible.  If you use part of the loan or line of credit for eligible purchases, and part for non-eligible purchases, only interest incurred on the portion used for eligible spending is deductible.

Loan interest is also not deductible if the funds are used for home improvement projects or repairs that do not “substantially improve” your home. Smaller projects, like repainting or new cabinets, likely do not qualify. However, projects like building an addition, a full kitchen remodel, or installing a new roof should qualify as substantial improvements.⁸ 

It’s also important to note that home equity loan and HELOC interest rate deductions are subject to the same upper limits³ as mortgages (and are added together with your mortgage for calculation purposes). For example, if you have a $500,000 mortgage and a $300,000 home equity line of credit—which together exceed the $750,000 limit for a married couple—you would only be able to deduct interest paid on the first $750,000 of those combined loans. 

Home Improvement Expenses

You can’t usually deduct home improvement expenses directly.⁹ However, the money you spend on capital improvements (improvements that increase your home’s value) can help reduce your tax bill later. These expenses are added to your home’s “cost basis,”¹⁰ which reduces your capital gains tax when you eventually sell the house. Think of it this way: by keeping records of your home improvements, you’re essentially increasing the “price” you’re considered to have paid for your home, thus lowering your profit when you sell. 

It’s important to note that not all projects qualify as capital improvement. Basic repairs and updates likely won’t qualify, while major additions and landscaping likely will (the considerations are the same as those used to determine whether home equity loan interest is deductible).

Beyond capital improvement, there are a few specific categories of home improvement that are deductible, including work on home offices (which is subject to specific limitations) and certain modifications for medical/accessibility reasons.¹¹ 

Energy-Efficient and Clean Energy Tax Credits

Certain energy-efficient home improvements can qualify you for valuable tax credits. Unlike deductions, which reduce your taxable income, tax credits directly reduce your tax bill, making them even more beneficial. 

For qualifying energy efficiency expenses in the 2024 tax year¹², homeowners can claim up to 30% of qualified expenses on their federal tax return, with a maximum credit of $3,200.¹³ However, some qualifying expenses, like new exterior doors and windows, come with their own maximum credit limits, so it’s essential to check the specific rules. 

Another option is the Residential Clean Energy Tax Credit, which offers a 30% credit for the cost of installing renewable energy systems, such as solar panels, on your primary residence or a second home that you use part-time and don’t rent out.¹³ Many states also offer their own tax deductions, rebates, or credits related to energy efficiency and clean energy, so be sure to investigate what’s available in your state.

Selling Your Home and Taxes

When you sell your home, the difference between the selling price and what you originally paid for it (plus any major improvements) is called your capital gain.  Think of it as your profit from the sale.  Let’s walk through a simple example:

Imagine you bought your home for $200,000. Over the years, you invested in some significant upgrades, like a kitchen remodel ($30,000), a new roof ($15,000), and landscaping ($5,000). These are called “capital improvements,” and they increase your home’s “cost basis”—essentially, what the IRS considers you to have invested in the property. In this case, your adjusted cost basis would be $250,000 ($200,000 original price + $50,000 improvements).

Now, let’s say you sell your home for $350,000. Your capital gain would be $100,000 ($350,000 selling price – $250,000 adjusted cost basis).

Capital Gains Exclusion

The good news is that the IRS allows you to exclude a significant portion of your capital gain from taxation!¹⁴  If you’re single, you can exclude up to $250,000, and if you’re married filing jointly, you can exclude up to $500,000.  To qualify for this exclusion, you need to have owned and used the home as your primary residence for at least two out of the five years before the sale.  This is a key factor to consider when deciding how long you plan to live in a home.

Essentially, this exclusion means that, in many cases, homeowners won’t owe any capital gains tax when they sell their primary residence.  It’s a valuable tax benefit that can significantly impact your finances.  Keep good records of your purchase price and any capital improvements you make to ensure you can accurately calculate your capital gain and take full advantage of the exclusion when you sell.

Record-Keeping Tips for Homeowners

Organized records are essential for taking advantage of tax deductions and credits. Keep all relevant documents, such as mortgage statements, property tax bills, and receipts for home improvements, readily accessible.¹⁵ It’s wise to keep both physical and digital copies (scan and save everything!). Store physical copies securely, perhaps in a safe deposit box. Keep all home-related records for as long as you own the home, plus at least three years after you file your tax returns for the year of the sale.

Conclusion

Homeownership offers numerous opportunities to save on taxes. From mortgage interest and property taxes to energy-efficient upgrades and capital gains exclusions, understanding these deductions and credits can significantly reduce your tax burden. Remember, this information is for general guidance only. Consulting with a qualified tax professional is invaluable for personalized advice.

Have questions about real estate or need a referral to a trusted tax advisor? Contact us today!

 

Note: This information is accurate as of February 2025 and is intended for general guidance only. Tax regulations are subject to change.

 

Sources:

1. IRS –
   https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2025
2. Nerdwallet –
   https://www.nerdwallet.com/article/taxes/mortgage-interest-rate-deduction
3. IRS –
   https://www.irs.gov/forms-pubs/about-publication-936
4. IRS –
   https://www.irs.gov/forms-pubs/about-form-1098
5. IRS –
   https://www.irs.gov/faqs/itemized-deductions-standard-deduction/real-estate-taxes-mortgage-interest-points-other-property-expenses/real-estate-taxes-mortgage-interest-points-other-property-expenses-5#:~:text=The%20total%20deduction%20allowed%20for,taxes%20or%20sales%20taxes)%20is
6. IRS –
   https://www.irs.gov/taxtopics/tc503#:~:text=Overall%20limit,your%20other%20itemized%20deductions%20also.
7. TurboTax –
   https://turbotax.intuit.com/tax-tips/home-ownership/claiming-property-taxes-on-your-tax-return/L6cSL1QoB
8. Bankrate –
   https://www.bankrate.com/home-equity/home-equity-loan-tax-changes/#how-to-claim
9. USNews –
   https://realestate.usnews.com/real-estate/articles/are-home-improvements-tax-deductible
10. IRS –
    https://www.irs.gov/publications/p523
11. NOLO –
    https://www.nolo.com/legal-encyclopedia/what-home-improvements-tax-deductible.html
12. USNews –
    https://money.usnews.com/money/personal-finance/articles/how-consumers-can-save-with-the-new-climate-tax-breaks
13. IRS –
    https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit
14. Bankrate –
    https://www.bankrate.com/real-estate/capital-gains-tax-on-real-estate/#avoiding-during-home-sale
15. NOLO –
    https://www.nolo.com/legal-encyclopedia/tax-reasons-keep-good-records-home-improvements.html

Ask any homeowner about what they would like to change about their home, and most will say, “How much time do you have?

Home improvements (cue Tim Allen) or home remodeling projects can stem from a variety of motivations, like preparing your home to put on the market, adding space for a growing family, addressing outdated features or aesthetics, or fixing structural/functional issues with the home. 

However, when it comes to home remodeling projects, too many people assume their project will proportionally increase the value of their home. Few actually consider the complete scope of return on investment (ROI), taking into account not only potential impact on resale value but also the total costs of time, labor, and materials. Some renovations may provide more “quality of life” ROI by improving comfort and aesthetics without significantly impacting resale value, while others can deliver notable financial returns.

Whether you’re looking to upgrade your living space, increase the equity of your home, or trying to make some quick changes to improve your resale price, here are four remodeling projects with the highest ROI and some tips on how to get them done.

Top 4 Home Remodeling Projects with the Highest ROI

Before diving into specific projects, it’s important to understand how the data supporting these ROI estimates was gathered. This article references findings from the 2024 Cost vs. Value Report conducted by Zonda Media, a reputable research firm in the real estate and construction industries. The report’s ROI figures are based on national averages for both the cost of materials and labor, which means that regional differences may lead to variations in actual returns.

1. Garage Door Replacement

• Job Cost: $4,513
• Resale Value: $8,751
• ROI: 193.9%

Replacing an old garage door is one of the simplest ways to dramatically boost your home’s curb appeal—and it happens to deliver the highest ROI of any remodeling project. The impact is largely due to the prominent visual space a garage door occupies on a home’s exterior. A sleek, modern garage door can make your entire facade look fresher and more attractive to buyers.

Garage doors with the highest ROI include insulated steel doors with modern paneling, custom carriage-style doors, and those featuring windows or decorative hardware. These options not only enhance the home’s exterior aesthetics but also improve functionality and energy efficiency.

2. Steel Entry Door Replacement

• Job Cost: $2,355
• Resale Value: $4,430
• ROI: 188.1%

Upgrading to a steel entry door is a simple yet impactful change that can drastically improve both the look and energy efficiency of your home. Steel doors cost less than wood ones, giving you a cost effective way to make a big impact on the curb appeal of a home, without sacrificing performance, life span, or durability.

Why It Works:

• Cost-Effective Curb Appeal: Steel doors are less expensive than wood but provide a similar aesthetic boost. This makes them a budget-friendly way to enhance a home’s exterior.
• Energy Efficiency: Many steel doors come with insulating cores, which can help keep your home comfortable year-round and lower energy bills.
• Increased Security: Steel doors are harder to break into, providing an added layer of safety that appeals to security-conscious buyers.

3. Manufactured Stone Veneer

• Job Cost: $11,287
• Resale Value: $17,291
• ROI: 153.2%

Manufactured stone veneer (MSV) is a high-ROI project because it delivers a striking visual upgrade at a relatively moderate cost. MSV is an artificial cladding material designed to mimic the look of natural stone, making it a cost-effective way to add texture and sophistication to your home’s exterior.

Why It Works:

• Strong Visual Impact: Stone veneers add depth and elegance, creating an upscale appearance that can significantly boost curb appeal.
• Durability and Low Maintenance: Unlike natural stone, MSV is lightweight, easier to install, and resistant to wear and tear.
• Perceived Value: Even though it’s a faux material, MSV adds an air of luxury and craftsmanship that can make your home more appealing to buyers.

Pro Tip: Use manufactured stone veneer to accentuate specific areas, such as around the entryway or along the lower portion of the facade, for maximum visual impact without overspending.

4. Minor Kitchen Remodel (Midrange)

• Job Cost: $27,492
• Resale Value: $26,406
• ROI: 96.1%

According to Homelight’s “Top Agent Insights End of Year 2024 Report”, “88% of agents say that upgraded kitchens and appliances are one of the best selling points for homes”–a significant increase from the previous year. https://homelightblog.wpengine.com/wp-content/uploads/2024/12/homelight-top-agent-insights-end-of-year-2024-report.pdf

The trick to ROI with a kitchen remodel is the budget, and how you decide to balance what to upgrade, the quality of materials, and how much to work within the existing layout. For example, you can make a big impact with less expense if you keep your current cabinet boxes but upgrade the doors and hardware. However, if you strike that balance, you can recoup much of your investment. If you’re looking to sell, an updated kitchen will appeal to buyers, which can also help your home stand out and sell faster. 

Why It Works:

• High Buyer Interest: Kitchens are a focal point for most buyers, so even modest improvements can make a significant impact.
• Affordable Upgrades: By focusing on midrange materials—such as quartz countertops, midrange appliances, and refaced cabinets—you can keep costs manageable while still delivering a fresh look.
• By keeping the existing layout and avoiding costly structural changes, you can modernize your kitchen while keeping costs down.

Key Takeaways for Homeowners

7 out of the 10 best ROI projects all have to do with improvements to the exterior of your home, which makes one thing very clear: Boosting the curb appeal of your home in a cost-effective manner will give you the best ROI if you’re thinking about selling this year. 

If you look at the current housing market, you can start to see why that is. In the post-pandemic frenzy, buyers had to accept whatever they could find. However, housing inventory has increased over the last couple of years, giving buyers more options. Additionally, due to high-interest rates and affordability issues, the current market favors older, move-up home buyers who are sitting on equity, and these buyers can afford to be pickier about the home they buy. 

You can see these trends play out in the “Top Agent Insights End of Year 2024 Report” conducted by HomeLight:

Given these trends, it’s no wonder that the remodeling projects with the best ROI are those that make the home stand out from other homes in the area and leave a strong impression with potential buyers.

Conversely, the projects with the lowest ROI involve major remodels or upscale materials. Anytime you alter the footprint of a home—such as by moving walls or adding square footage—you’ll incur higher costs and lower returns. Unless you’re a general contractor or a skilled DIYer, these high-end renovations typically aren’t worth it from a purely financial perspective. The one caveat is if you’re in a market where high-end appliances and materials are the rule not the exception. 

How to Get Started on a Remodeling Project

Starting a remodeling project can feel overwhelming. Here’s how to set yourself up for success:

1. Outline Your Project Goals: Before you dive into the nitty-gritty of remodeling, take a step back and clarify what you hope to achieve.

Are you remodeling to improve aesthetics? To improve functionality or comfort for your family? To prepare your home for the market or boost your resale value? Is it an essential repair? After you decide on why you’re doing it, you can take a step back and decide what is worth the cost to you.

2. Get inspired: Take time to gather ideas and give shape to your vision. Whether you’re updating a single room or tackling a whole-house remodel, these resources can inspire you:

• Houzz – A go-to platform for home remodeling ideas, complete with photos, product links, and even local contractor recommendations.
• Pinterest – Create mood boards for different rooms by pinning your favorite designs and layouts. You can also add ‘-pinterest’ to Google searches to find more targeted boards and collections of remodeling ideas on Pinterest. 
• This Old House – Packed with articles, videos, and guides on home renovation projects, from DIY fixes to large-scale remodels.
• YouTube Channels: Follow popular home renovation YouTubers who share real-life projects, product reviews, and practical tips.
• Visit Local Showrooms: You can visit the showrooms or warehouses from local manufactures for ideas on fixtures, cabinetry, and counter tops. 
• Open Houses – Stop by open houses in your area to get a feel for what’s popular and what other homeowners have done. 
• Local Remodeling / Contractor Websites: Many will post galleries and before/after images of their renovations, and these galleries can be a goldmine for practical remodeling ideas!

3. Prioritize your wants vs. needs: Once you’ve gathered ideas, it’s time to separate the essentials from the extras.

• Must-Haves: These are the non-negotiable items—structural fixes, code-compliance upgrades, or critical repairs.
• Nice-to-Haves: These are aesthetic choices or features that you’d like to include if your budget allows.A prioritized list will help you make tough decisions if costs start to climb or timelines get tight.

4. Create a scope and timeline: Clearly defining what’s included (and excluded) in your remodel is critical for staying on schedule and within budget.

• What’s Included: Are you only updating finishes and fixtures, or are you changing the layout and moving walls?
• Project Phases: If you’re remodeling multiple areas, consider breaking the project into phases to manage timelines more effectively.
• Expected Timelines: Be realistic about how long the project will take, especially if you’re working around major life events or seasonal weather.

5. Set a realistic budget: Start by researching the typical costs for your specific type of remodeling project in your area. Resources like Remodeling Magazine’s Cost vs. Value Report, HomeAdvisor, and NAHB provide national and regional averages for popular renovations like kitchens, bathrooms, and additions.

6. Include a Contingency Fund: Even with thorough planning, unexpected costs seem to always arise. Many experts recommend setting aside 15% – 30% of your total budget for contingencies.

7. Research contractors & Get Multiple Quotes: If you’re hiring contractors, request at least three detailed quotes to compare prices and scope of work. Make sure to clarify what’s included in each quote to avoid misunderstandings. And use your checklist below for some tips on hiring a contractor! 

Checklist for Hiring a Contractor

Finding the right contractor is crucial for a successful remodeling project. Here’s a quick checklist to help you hire the right professional:

• Get recommendations from friends, family, neighbors, and your real estate agent.  Word of mouth is one of the most reliable ways to find a trusted contractor. Ask people you trust about their experiences and if they would hire the contractor again. After you have a recommendation, you can also search for reviews online. 
• Check credentials, licensing, and insurance. Verify that the contractor is licensed to work in your state. Most states have an online database for checking contractor licenses. You can also look for contractors certified by reputable organizations, such as the National Association of the Remodeling Industry (NARI). 
• Review past projects and ask for client references. Ask to see a portfolio of previous projects similar to yours. Pay attention to the quality of work and whether their style aligns with your vision.
• Request detailed bids from multiple contractors. Ask for written estimates that break down costs into categories such as labor, materials, permits, and any additional fees. Compare bids carefully to ensure all contractors are quoting on the same scope of work.
• Ensure the contract includes a clear scope of work, timeline, and payment terms.
• Check references – A reputable contractor should have no issue providing references. Contact past clients and ask about their experience.
• Avoid red flags
  • Unusually Low Bids: If a bid is significantly lower than others, it could indicate corner-cutting or hidden costs.
  • Pressure to Pay Upfront: A small deposit is normal, but never pay the full amount before work begins.
  • Lack of Written Contract: Never agree to verbal agreements only.
  • Poor Communication: If a contractor is difficult to reach or dismissive during the bidding process, this may continue during the project.

Conclusion

Whether you’re updating your home to sell or simply want to enjoy a more modern space, focusing on high-ROI projects is a smart strategy. From replacing your garage door to enhancing your home’s exterior with stone veneer, these upgrades can boost both your home’s value and appeal.

Curious about what features are popular in your neighborhood? Thinking of moving and wondering what remodeling projects, if any, you should do before listing? Want recommendations on contractors? I’m happy to help!

Experts Predict Home Values to Increase 1.5% to 3.6% in 2025.

Top housing experts and economists give a glimpse of what mortgage rates, home values and the national real estate market will do in 2025.

Key Takeaways

• Mortgages are forecasted to remain higher for longer; but there are things you can do to lower your rate.
• Home values are predicted to increase incrementally on a national level; and there are projects you can do to increase your home’s value.
• The national market will slightly favor sellers in negotiations; however, real estate is driven by local dynamics and may favor either buyers or sellers.

Note: real estate is a dynamic market and forecasts made in this article will change as the year unfolds.

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Mortgage Rates Will Average 6.4% in 2025

In 2023, the average 30-year mortgage peaked at 7.79% following the pandemic. Rates came down from that peak in 2024. What will mortgage rates do in the next year?

The Federal Reserve is predicted to lower the federal funds rate 6 to 8 times in 2025; but mortgage rates are not set by the Federal Reserve and may not drop significantly (National Association of REALTORS®).

Fannie Mae predicts mortgage rates to average 6.4% in 2025. Mortgage Bankers Association also predicts mortgage rates to average 6.4%, but with slightly higher rates compared to Fannie’s forecast.

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When Will Mortgage Rates Drop Back to 3%?

Historically, rates have never been as low as the pandemic era interest rates. 30-Year mortgage rates averaged between 4% and 6% during & after the housing crisis and Great Recession. A return to a 3% range is very unlikely.

 

Tips to get a better mortgage rate…

While we can’t affect the average 30 year mortgage rate, you can improve your credit and get the best possible rate. Here’s an example of recent mortgage rates by credit score:

 

If you’re thinking of making a move, the earlier you talk to a mortgage finance professional, the more time you have to work on improving your credit to get a better rate.

Need a recommendation to a trusted lender? Send me a message.

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Home Values Will Increase by 1.5% to 3.6%

Since 2020, the average sales price of a home has gone up by $97,000 or 29.7% (Federal Reserve of St. Louis). Which indicates homeownership to be a great investment. But, what will home values do in the next year?

On a national level, home price growth is predicted to slow down from 2024. However, home prices are predicted to increase in 2025. Fannie Mae predicts home prices to increase on average by 3.6%. MBA is predicting an average increase of 1.5%.

 

Home values are influenced by local market dynamics. If you want to understand what home values are forecasted to do locally, consider talking to a real estate professional.

Want to increase your home’s value? Consider these remodeling projects for the highest return on investment.

Will Home Values Crash in 2025?

For home values to drop significantly, a major influx of homes for sale would have to hit the market. Freddie Mac estimates the U.S. housing stock is 3.7 million units below what’s needed to meet demand. It will take time to build up inventory to meet demand. Which is why a major drop in home values and prices is unlikely.

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Will 2025 Be a Home Buyers or Sellers Market?

Who will have the advantage in the 2025 housing market, buyers or sellers? One measure of the market is Months Supply and it shows who has the advantage.

Months Supply is calculated by dividing the total number of homes for sale by the average number of homes sold each month. For example if there are 500 homes for sale in a particular area and an average of 100 homes are selling each month, the Months Supply is 5 months.

Here’s a chart of month’s supply going back to November of 2023:

 

6 Months Supply is considered a balanced market. Over 6 months supply is considered a buyers’ market. Below 6 months supply is a sellers’ market. At 4 months supply on a national level, the market slightly favors sellers.

Inventory is rising nationally, however, which could shift the market to favor buyers in the next year. With that said, all real estate is local and local markets will differ in favoring buyers versus sellers.

If you want to know if your area favors buyers or sellers, send me a message.

What This Means for Homeowners

If you own a home, you will likely see a slight increase in your home’s value. If you want to increase your home’s value and enjoy the upgrades, consider making some home improvements. If you want advice on which features or projects are best suited for increasing your home’s value, consult with a professional.

Tips for Potential Home Buyers

If you’re thinking of purchasing a home, the sooner you start planning the better. Knowing your price range, optimizing your credit, and working towards your downpayment are steps you can take now. Even if you’re in the market to buy in the next 12 to 24 months, talking with a real estate professional early in the process will set you up for success.

Tips for Potential Home Sellers

Sellers need to prioritize their objectives. Is getting top dollar for your home the highest priority, is it moving within a specific timeframe? Do you have to sell a home prior to purchasing your next one? These objectives must be prioritized so that an effective plan and marketing strategy can be put into place. Thinking of making a move? Talk to a real estate professional!

The holidays are a time for joy, family, and celebration, but they also bring added responsibilities. Between decorating, hosting, and just keeping up with your daily routines, your home can quickly start to feel more like a neverending to-do list rather than your haven. 

That’s where smart home technology comes in. It can help you streamline holiday tasks to focus on what matters most—spending time with loved ones and enjoying the season’s magic. 

And there are more upsides to upgrading your home tech: doing so can also enhance the overall value and appeal of your property. Current research indicates that 77% of today’s home buyers are interested in smart homes, which results in an up to 5% increase in a property’s resale value! In general, estimates indicate that sellers who invest in smart home technologies realize a 50% return.¹

So whether you’re thinking about selling in the near future or just want to enjoy your home to the fullest this season, adding smart gadgets is an investment that pays off. Read on for some of the best smart home solutions to simplify your holidays (and just maybe make your home more marketable down the road, too).

 

ENTERTAINING MADE EASY

Spending time with friends and family is the highlight of the holiday season—but entertaining can be a lot of work. These tools can help turn any gathering into a celebration to remember without all of the fuss. 

    1. Make Cooking Easier with Digital Recipe Access

Holiday cooking often means late nights and multiple trips to the store. Instead of juggling old recipe cards, let smart-home displays keep you organized with easy menu planning and grocery lists.

High-end: Google Nest Hub Max
This smart display offers an easy-to-use recipe mode with step-by-step guidance from the Google Assistant. It’s like having a sous chef right on your countertop.

Mid-range: LG – 27″ Smart webOS TV with Countertop Design
This smart TV can be perched on your kitchen counter or mounted on the wall to watch cooking shows, pull up your favorite recipes, or cast content from your mobile device.

Budget pick: Amazon Echo Show 8
With a Food Network integration and recipe assistance, this countertop model offers plenty of features in a less-expensive package.

    2. Set the Mood with Smart Lighting

The right ambiance can elevate any gathering. Control colors, brightness, and temperatures remotely with these smart lighting options.

High-end: Philips Hue Play HDMI Sync Box
Watching a holiday movie? Sync your smart lightbulbs to adapt their colors to what’s on the screen for the ultimate festive movie experience. 

Mid-range: Lutron Caseta Wireless Bridge
Use this small internet-controlled device to set up automations for your smart bulbs, so you can dim all your lights at once with a swipe on your smartphone. 

Budget-friendly: Govee Lightbulbs
Just getting started with smart bulbs? This affordable option allows you to control color and brightness using your Alexa or Google Home device.

    3. Amplify Your Holiday Spirit with Smart Speakers

From carols to party playlists, music sets the tone for the holidays. These smart speakers will get everyone in the mood to sing along.

High-end: Bose Smart Speaker 500
This powerful speaker delivers room-filling sound—and Google Assistant and Alexa are both built-in. 

Mid-range: Amazon Echo Studio
The best device for Amazon loyalists who care about sound, music comes through loud and clear on this speaker. 

Budget-friendly: Google Nest Mini
This diminutive speaker gives you voice-controlled playback at an entry-level price.

 

TRADITIONS WITH A TWIST

Decorating your home and popping on a holiday film gets everyone in the holiday spirit. These tech solutions make things easier and give you more time to enjoy the fun. 

    1. Watch Holiday Favorites in Style

Level up your holiday movie traditions with smart projectors that turn any room in your home—or even your backyard—into a movie theater. 

High-end: Epson Home Cinema LS1100
This 4K projector is a serious investment, but it delivers cinema-quality performance and a laser light source that won’t require replacement bulbs. It’s also easy to set up and adjust. 

Mid-range: Samsung Freestyle 2nd Gen Smart Portable Projector
Use this feature-packed, battery-powered projector nearly anywhere—it’s designed to level and focus your video automatically and to scale to the size of your space. 

Budget-friendly: Vankyo Performance V700W
This 1080p projector offers a bright picture, high-quality audio, and the portability to move it from room to room (plus outside). You can cast from your mobile device or plug in a computer or USB.

    2. Shine Bright with Smart Plugs

Tired of clambering behind furniture to get to a hard-to-reach plug for your decorations? Invest in smart plugs, and you can control all of your electrified holiday decor (plus anything else you might plug in!) easily from your phone. 

High-end: Meross Smart Power Strip
This smart power strip includes four AC outlets plus two USB C and one USB A port. It’s compatible with Apple HomeKit, Amazon Alexa, and Google Home, and each outlet can be operated individually.

Mid-range: Enbrighten Wifi Smart 2-Outlet Plug
This smart plug turns one wall outlet into two smart outlets. Control the plug using an app or with Google or Alexa voice assistants. 

Budget-friendly: Kasa Smart Plug Ultra Mini
These inexpensive plugs are designed to take up minimal wall space yet offer plenty of features. Plus, they’re compatible with Google and Amazon home ecosystems. 

    3. Create a Winter Wonderland with Smart Outdoor Lighting

Whether you want to wow the neighborhood with an eye-catching display or simply add a touch of outdoor holiday charm, setting up lights doesn’t have to be a daunting task. Smart outdoor lighting makes it simple to illuminate your home’s exterior with minimal effort or planning.

High-end: Govee Permanent Outdoor Lights
Install these permanent outdoor lights on your home and celebrate year-round with app-controlled color and effects options for every holiday you can think of. 

Mid-range: Twinkly Icicle Lights
Drape your home in any color you can think of with these easy-to-use, app-controlled icicle-style lights. True to the name, there are plenty of twinkling options to choose from!

Budget-friendly: Brizled Smart Christmas Lights
String up these indoor-outdoor lights wherever you’d like to enjoy customizable colors and effects, or sync the bulbs with music for a truly eye-catching outdoor display. 

 

SIMPLIFIED HOME MANAGEMENT

There’s plenty to manage at the holidays as it is—make things easier for yourself by automating some basic home tasks and functions. Less time spent on tedious chores means more time making memories with your family. 

    1. Keep Your Home Spotless with Robot Vacuums

The holidays can create a lot of mess — stay on top of it with smart vacuums that clean up all of those cookie crumbs and bits of wrapping paper for you. 

High-end: Roomba Combo J9 Plus
Say goodbye to vacuuming and mopping with this high-tech robot, which comes complete with AI obstacle avoidance to keep it from banging into your furniture. 

Mid-range: Roborock Q5 Max+
This powerful robot vacuum is highly customizable—use the app to set up cleaning preferences like a second pass through high-traffic rooms or to block off areas you’d like left alone. Plus, it empties its own bin!

Budget-friendly: Shark Ion
This robot vacuum may not come with all the bells and whistles, but it does a great job keeping dirt and pet hair off the floor. You can control it with Amazon Alexa or the Google Assistant in addition to a dedicated app. 

    2. Manage Deliveries and Greet Guests with Smart Doorbells

The holidays tend to bring a lot more people than usual to your door. Keep track of who’s coming and going, and keep your home safe with smart video doorbells.

High-end: Eufy Dual+ Security Video Doorbell
This large video doorbell offers a much wider field of view than most competitors, plus high resolution and night vision. It’s compatible with both Amazon Alexa and Google Home devices and can be set up wired or wireless. 

Mid-range: Google Nest Doorbell Camera
This sleek doorbell camera is easy to set up and control from a distance and offers fast notifications and the ability to respond by voice or with preset messages. Advanced features include package detection and facial recognition. 

Budget-friendly: Arlo Video Doorbell
This doorbell offers a wide field of view, high-resolution images, and the ability to zoom in, and is compatible with multiple smart-device ecosystems. However, some of its features, like recordings, require a monthly subscription. 

    3. Protect Your Home While You Travel

Unfortunately, the holidays tend to bring higher rates of home break-ins. Whether you’re traveling or staying local, these tech solutions can help keep your home and family safe.

High-end: Ring Alarm Pro
Ring is well-known for video doorbells, but they also offer full home security systems, complete with professional monitoring (for a monthly fee). With high-performing devices and a built-in router to ensure working wifi, this system lets you keep an eye on things no matter where you are. 

Mid-range: Abode Smart Security Kit
This kit is designed to work with all of the major smart home ecosystems, allowing you to connect as many devices as you’d like for a seamless experience. It includes a hub device, a door/window sensor, and a motion sensor, and you can easily add on from there to customize a system to your needs. 

Budget-friendly: August WiFi Smart Lock
Lots of visitors coming and going this holiday season? This smart lock upgrades your existing deadbolt, allowing you to give access to trusted family and friends. Best of all, it attaches to the lock on the inside of your door, so it won’t impact your curb appeal or draw unwanted attention. 

 

ENJOY A BETTER HOLIDAY SEASON WITH SMART HOME TECH

Incorporating smart home technology can help make this holiday season more relaxing—and it can also be a great investment that adds value to your property in the long run. From energy-efficient lighting to reassuring security systems, these gadgets do more than just make life easier; they enhance your home’s appeal to future buyers.

If you’re curious about how upgrading your home’s tech might impact its value, we’d love to help. Reach out for a free consultation to learn more about the latest trends in smart home technology and how it can align with your real estate goals. Whether you’re looking to sell soon or simply upgrade your lifestyle, we’re here to guide you every step of the way.

 

Sources

1. National Association of Realtors –
   https://www.nar.realtor/blogs/emerging-technology/smart-homes-can-help-you-grow-your-business-heres-how

For many homebuyers, multigenerational living used to be considered an option of last resort: it was a route families took only when they needed to ride out a financial storm or care for ailing family members. But that mindset is on the decline: A growing number of families now say that they are embracing multigenerational living and moving in together by choice. 

In fact, research by the National Association of Realtors (NAR) found that the share of multigenerational home buyers rose to 14% in 2022––close to an all-time high.¹ 

Buyers cite a multitude of reasons for choosing a multigenerational home, including saving money on living expenses, pooling resources, taking care of very young or aging relatives, and spending more time with family. “Multi-generational home buying is a way for families to care for one another, support one another, and often buy a home that may have been previously out of reach,” writes Deputy Chief Economist Jessica Lautz in a blog post about the trend.¹

Living with extended family has become especially popular in recent years as younger generations face higher home costs and seniors embrace aging in place. According to Pew Research, the number of Americans living in a home with at least two generations of adults has more than quadrupled since the 1970s.² 

For many families, the benefits are substantial. Research shows that people who live in multigenerational homes are healthier and tend to live longer. They also enjoy more financial security. Plus, research by Pew found that people who live with relatives are more likely than not to say that it has been a positive experience.^2,3 

That’s not to say that multigenerational living is easy: It can also be stressful––especially if you choose a home that isn’t suited for a larger family. The key to making it work is to pick a home that can accommodate young and old alike without requiring you to sacrifice comfort or privacy.^2,4 

Here’s a closer look at multigenerational living, along with tips for finding a home that’s suitable for a diverse group. 

 

WHAT TO CONSIDER BEFORE SHOPPING FOR A MULTIGENERATIONAL HOME

Before starting your house hunt, take the time to discuss your house plans as a family so that you’re all on the same page. Have you hashed out what you’re looking for in a new home? Can you agree on potential compromises? Are there any unaddressed concerns about the move?

You may also find it helpful to articulate your “why” for buying a multigenerational home and how each of you might benefit. For some families, multigenerational living is all about caring for relatives and sharing responsibilities. But for others, the goal is to pool resources so that you can purchase a more desirable property or cut down on expenses, like childcare or senior living. 

For homeowner Jian Huang, she initially bought a multigenerational home to help her aging mother. But she says the purchase also helped her family save a lot of money on expenses––as much as $25,000 to $40,000 a year. “It makes so much sense financially and emotionally that we would not have it any other way,” commented Huang to Apartment Therapy.⁵ 

In addition to talking over your short-term wants and needs, you’ll also want to weigh long-term issues that could crop up in the future, like accessibility or money concerns. For example, if some family members are nearing retirement, accessibility issues (such as extra-steep stairs or a narrow hallway) could become a problem over time. Similarly, a more luxurious home with extra amenities like a pool may appeal to buyers who have gathered a lot of cash upfront, but it may also require a bigger long-term budget for maintenance and supplies.

If you haven’t had these discussions yet, set a date in your calendar so that you can talk it over as a group. We can help by interviewing family members individually and advising you on what you can realistically find in today’s housing market. 

 

WHAT TO LOOK FOR IN A MULTIGENERATIONAL HOME 

Once you’ve settled on what you want and need from a new home, your next step should be to jointly draft a budget so that you’ll know what you can afford. To ensure that no one in your family gets accidentally overextended, think holistically when planning your new housing budget and determine what you would need to buy the home––and maintain it. 

In addition to budget, you’ll also want to consider a home’s size and what kind of layout you might need. In general, homes that offer ample space for solitude and privacy are thought to be more practical for multigenerational living––especially if there will also be young children.⁴ 

However, the ideal layout for your family and the amount of square footage you’ll need to be happy long-term will also depend, in part, on family members’ personalities. Some people don’t mind sharing a bathroom or having bedrooms situated close to one another. But others may find that they need something more separate to relax. Different housing options to consider include: 

• A large home with plenty of rooms and at least one or more ensuite bathrooms. 
• A home with an accessory dwelling unit (ADU), such as a basement apartment. 
• A multifamily unit, such as a duplex.  

For home buyers looking to age in place, a home that offers a separate ground-floor unit, such as a backyard ADU, could be the most comfortable (and the most practical) option, says author Sheri Koones. “It’s a way for many older people to avoid having to go into an expensive assisted living or other facility as they age,” said Koones in an interview with Realtor Magazine.⁶

Another possibility to consider would be a home you could add onto or retrofit into multiple units. However, building a brand-new accessory unit or renovating an existing space can be pricey. When visiting a property, we’ll help you weigh potential costs and estimate whether it’s a good investment. We can also connect you with a trusted contractor who specializes in renovations.

 

HOW TO BUY A MULTIGENERATIONAL HOME

Buying a home with family can be complicated––especially if you plan to jointly apply for a mortgage. However, depending on your financial resources, you may be surprised to find that it’s sometimes easier to qualify for certain mortgages as a group than if you tried to go it alone.⁷ 

Talk it over with a mortgage lender or broker and ask for advice on what’s best for your situation. We’d be happy to connect you with a professional who understands the nuances of co-buying. 

Technically, there’s no limit to the number of co-borrowers you can have, but some lenders may be more lenient with their lending requirements than others. For example, most conventional lenders will only work with a maximum of four borrowers for a single loan. If you want to buy a home with a larger number of co-borrowers, you may have to look to an alternative lender.⁷

Your credit will also be an important factor in determining your mortgage qualifications and what you can buy, so have everyone check it as soon as possible. Pulling your credit reports and scores will not only tell you where you stand. It will also alert you to correctable issues with your credit, such as mistakes on your credit reports or too much debt on your cards.⁸ 

As you discuss your homebuying budget and strategy, jointly consider the following:  

• Who will be on the mortgage? 
• What about the title?
• Would including everyone on the mortgage be beneficial for your mortgage rate?
• For those who don’t qualify for the mortgage or have a lower credit score, can you make other arrangements so that they can still financially contribute?

Next, consider potential tax and estate planning implications of your home purchase and what might happen if some family members later decide to drop out of the arrangement.⁹ 

To ensure you make an informed decision, it’s best to speak with a licensed professional. Ask us for a referral to a legal professional or an accountant who can advise you. 

 

BOTTOM LINE 

Multigenerational home buying has grown more popular for a reason: it’s a great way to combine resources and buy a supportive home for more than just your immediate family. It can also be a smart lifestyle choice, helping reduce loneliness and promote health and well-being.¹⁰ 

If you’re wondering whether multigenerational living is right for you, call us for a consultation. We’d be happy to walk you through potential options and help you envision your own full house. 

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources: 

1. National Association of Realtors –
   https://www.nar.realtor/blogs/economists-outlook/all-in-the-family-multi-generational-home-buying
2. Pew Research Center –
   https://www.pewresearch.org/social-trends/2022/03/24/financial-issues-top-the-list-of-reasons-u-s-adults-live-in-multigenerational-homes/
3. SSM – Population Health –
   https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5769098/ 
4. Better Homes and Gardens –
   https://www.bhg.com/what-to-look-for-in-a-multigenerational-home-8409277
5. Apartment Therapy –
   https://www.apartmenttherapy.com/multigenerational-homes-37412085 
6. Realtor Magazine –
   https://www.nar.realtor/magazine/real-estate-news/home-and-design/all-under-one-roof-trends-in-multigenerational-living 
7. Bankrate –
   https://www.bankrate.com/mortgages/how-many-names-can-be-on-a-mortgage/ 
8. Experian –
   https://www.experian.com/blogs/ask-experian/what-credit-score-do-i-need-to-buy-a-house/ 
9. Kiplinger –
   https://www.kiplinger.com/retirement/estate-planning-for-multigenerational-living-arrangements
10. Institute for Family Studies –
    https://ifstudies.org/blog/multigenerational-living-is-it-a-solution-for-our-aging-population