Skip to content
The Nexus
BUSINESSJul 21 · 19:01 UTCWBTV CHARLOTTERachel DePompa

Homeowners are fixing up instead of moving out, report finds

Over 25% of homeowners are using funds intended for new homes to renovate their current properties due to affordability challenges, high interest rates, and community attachment. Experts recommend prioritizing functional upgrades like kitchens and bathrooms to enhance resale value, while cautioning against costly, niche features like home theaters.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned
Bank of AmericaorganizationMatt Vernonpersonhome renovationstopicmortgage ratestopicHome Equity Line of Credittopicfunctional spacestopic
Spot something wrong with this article?Report a problem →
Forward this
Related Signal

Adjacent reporting

Homeowners are fixing up instead of moving out, report finds · The Nexus