June is National Homeownership Month, which makes it the perfect time to spruce up your Riverside home. Do you remember the day you purchased your home? Was is recently, or years ago? Either way, we’re sure it was a memorable experience (whether it is a good memory or not, depends a lot on the people you worked with.) What advice would you share with young buyers hoping to purchase a Riverside home? What do you wish you had known when you purchased your home?
According to the National Association of Home Builders (NAHB), builders have begun recognizing the need to design and construct homes around younger buyers these days. “As the economy recovers and young people who had to live at home with their parents move forward with their lives and achieve their dreams of homeownership,” reports NAHB Chairman Rick Judson, “home builders are delivering homes that cater to the floor plans, features and affordability that this generation desires.”
That means that energy efficient homes, tankless water heaters and ENERGY STAR-rated appliances top the list and that doors, windows and insulation are a focus, as well. In large part these options are requested due to the longer term annual savings over the life of the home. A recent NAHB study found that older homes (constructed prior to 1960) can expect maintenance costs of $564 a year, while homes constructed after 2008 averaged only $241 annually.
With that in mind Judson stresses that now is the time for young professionals to buy homes. “There are outstanding opportunities in the current market,” Judson explained. “With near record low interest rates, competitive prices and new homes being built that include open layouts, energy efficient components and other features that cater to young buyers.”
For more information on Riverside real estate, the housing market, and homes for sale- contact Graham and The Home Team at (951)534-9296, or email us.