March 3, 2025

Recent Home Buyers and Seller Report

Home improve­ment projects play a cru­cial role in both prepar­ing a home for sale and cus­tomiz­ing a new­ly pur­chased prop­er­ty. Sell­ers often invest in upgrades to boost their home’s mar­ket appeal, focus­ing on ren­o­va­tions that max­i­mize val­ue and attract buy­ers. From cos­met­ic enhance­ments like fresh paint and land­scap­ing to larg­er updates such as kitchen and bath­room remod­els, these projects can sig­nif­i­cant­ly impact a home’s sell­ing price and time on the market.

On the buyer’s side, home improve­ments are often nec­es­sary to align a new prop­er­ty with their needs and pref­er­ences. Some buy­ers plan ren­o­va­tions before mov­ing in, while oth­ers tack­le projects over time, address­ing func­tion­al upgrades, aes­thet­ic changes, or unex­pect­ed repairs.

This study exam­ines the types of improve­ments home­own­ers make before sell­ing and after buy­ing, explor­ing spend­ing trends, project pri­or­i­ties, and the role of con­trac­tors in the process.

Objectives

Data File(s)