Wednesday, March 30, 2016

Current Housing Trends for 2016

If you are looking at homes for sale in Kansas City, then you know a lot of thought goes into finding the perfect one. Regardless if you are looking to buy simply for investing, knowing the current trends in housing always helps put you at an advantage. Here is a look at some of the current housing trends for 2016 you need to be aware of.

New Homes are Preferable
While new home construction was the hardest hit when the housing bubble burst, it has slowly but surely started making a comeback. New home sales have increased around 15 percent over the last year and is predicted to rise even more (up to 26 percent) in 2016.

Suburbs are Back
As millennials start families and the cost of living in downtown areas increases, the suburbs are quickly becoming a hot destination for those seeking to buy a house. However, there are still certain logistical requirements they prefer to have access to, such as being close to the city, transportation and job opportunities. It also must have walkable main streets.

Videos are In/Photos are Out
Investors might want to take note that while high quality, professional photos are one of the best methods to show a house, using videos is actually also on the rise. That is because videos can help make connections to potential buyers that photos cannot. They also make it appear as if the viewer is playing a game while taking a 3-D tour of the property.

Cheaper to Buy
While rent continues to rise, people are starting to realize that buying is the way to go. Even in some of the top areas, it is still cheaper to buy a house than it is to rent.

So if you are looking to buy or invest in a home, make sure you stay on top of trends like these to get the most for your money.

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