A new survey finds that, for 37% of homeowners, improving their house will be a top priority in 2010.
It’s nearly time to put the dreary economy of 2009 behind us and embark on a new year, one that I’m sure we all wish will be full of hope and success.
So why not dream big? You wouldn’t be alone, according to a survey by Move.com, which found that real estate is among some of the top New Year’s resolutions. For those who already are homeowners, 37% plan to start a home-improvement project, while 17.7% who aren’t yet homeowners hope to take the plunge.
And what better time, with the newly extended $8,000 first-time homebuyer tax credit granting them a few extra dollars, not to mention that homes are at more affordable prices than they’ve been at for years.
Cheap home prices also are encouraging more people to consider buying property as an investment, with the survey showing that it’s a top priority for 15.7% of all those who plan to purchase a home next year. The post also includes an interesting breakdown that 18.9% of men plan to buy an investment property, compared with 12.6% for women.
Bravo to them. Even if the inventory of homes is no longer flooding the market, we’ll need all the investors we can get if too many of our nation’s delinquent homeowners end up losing their homes to foreclosure.
As evidence that we just might be learning from our mistakes, 15.4% of the survey’s respondents said saving money to buy a home is their top priority. That’s certainly a promising start to a 2010 full of hope and success. With the days when you could buy a home with no money down lost but not forgotten, saving is no longer just an option for people who want to buy a home.
Better yet, it’s not just saving that we can applaud, but also the number of people who are hoping to get a little education about the homebuying process, according to the survey. Before even shopping around, 3.2% plan to talk to a lender about what they can afford, while 5.5% want to learn more about the real-estate market in their community.
Written by: Mai Ling at MSN Real Estate