Buying a home takes preparation, patience and perseverance. If you’re looking to buy your first home in the next 5 years or so, you’ll probably need to start now to ensure you’re in the right financial shape to do so. Here’s what you’ll need to get there.
D.R. Horton, the nation’s largest home builder, said active adult buyers looking for their last home have been scooping up the homes that were developed and marketed to first-home buyers.
After seeing that entry-level houses geared toward first-time home buyers have become popular with retirees, D.R. Horton announced Tuesday that it is establishing a new brand for “active adults” who are looking for their last home....
Must all good things come to an end, or will the second half of 2016 mirror the strength of the first half?
We had great expectations for the housing market this year—and so far, 2016 has certainly delivered. Looking back at the first half of the year, it’s nothing but good news:...
Between heating and cooling your home, gassing up your car and watering your lawn, energy costs are one of the most significant expenses that many of us face on a monthly and annual basis.
Thankfully, there are numerous ways to reduce both your carbon footprint and your recurring energy costs. Many of them are simple and common sense techniques that do not require major changes, construction, installation, or upfront expenses. In fact, there are a number of ways to save energy at home and slash your home energy consumption and costs by up to $2,500 a year without much effort. You can even significantly cut the cost of commuting to work without purchasing a new fuel-efficient car....
What building materials are trending in new-home construction? The latest Annual Builder Practices Survey, conducted by Home Innovation, reveals what buyers can expect to see in the new-home market.
1. Garages: The garage door is getting more enhancements, including windows, insulated doors, and doors made of composite or plastic materials. In 2014, 32 percent of all new single-family homes had bays for three or more cars—the most ever recorded in this study's history.
2. Flooring: Carpeting continues to be the most popular flooring option for new construction, with about 83 percent of all new-home bedroom installations having carpeting. However, only about 40 percent of living rooms now have carpet. Hardwood flooring – both solid and engineered types – is the second most popular type of flooring, and is included in 27 percent of all new-home installations. Ceramic tile (which appears in 72 percent of all bathroom floor installation) follows in third place, making up 20 percent of all new-home floor installations, according to the survey.
3. Countertops: For kitchen countertops, granite continues to reign at 64 percent of new-home installations. Quartz/engineered stone is gaining popularity while laminate, solid surfacing, and ceramic tile are losing appeal.
4. Appliances: Cooktops and wall oven combinations are gaining in popularity and make up about 24 percent of the market, compared to freestanding ovens (at 45 percent). Freezer-on-bottom refrigerators are gaining in popularity at 19 percent, while side-by-side has fallen to 28 percent of the share.
5. Kitchen sinks: More buyers are paying attention to their kitchen sink, with the single basin kitchen sink making a comeback, growing from 5 percent to 20 percent of all new single-family homes in the past decade. Also growing in popularity are granite/stone kitchen sinks (at 8 percent). One-piece cultured marble lavatories are continuing to decline in demand, according to the survey.