What Buyers Want

U.S. Real Estate News Recap: August 2020

+ Think it’s cheaper in the ‘burbs? New interest from city dwellers is raising home prices in rural areas.

+ Looking for additional income or a place for family to stay long-term? COVID sparks renewed interest in ADUs.

+ Real estate markets defy the norms as homes are selling unseasonably fast.

+ Airbnb CEO Brian Chesky thinks international travel will never be the same. How have domestic vacation rentals fared?

+ Covid is reshaping what buyers prioritize in their home search. Here are 6 things buyers are now looking for in their next place.

 

Trying to sell a home in Denver? Ditch the carpet, shag or otherwise.

Source: Aldo Svaldi of the Denver Post

Ditch the Carpet

Companies that buy homes directly from sellers in enormous quantities have surged in popularity by simplifying the process for the seller. One of the most prominent companies with this model is Opendoor, who collects data on what home buyers are looking for — and what they’re not. Carpeted floors are at the top of Opendoor’s “not” list. Read the full article to see how much money carpet could knock off your sale price and what else Opendoor recommends avoiding.

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Here’s How Much More Homes with a Garage Sell for in Denver

Source: Carley Milligan and the Denver Business Journal Staff

It probably comes as no surprise that homes in Denver with a garage are selling at a higher rate than those without; but just how much higher? A whopping ten percent! For an average home in Denver, that’s roughly $35K extra for a roof over your car. For cities like Chicago, it’s an even more sought after commodity, where the snow fall (and lack of sunshine to melt it away) makes it less inviting to be outside and a real challenge to scrape off your car.

Check out the full article below for more information on where in the U.S. a garage will get you the most return!

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