ONLINE BANKING
Access ID:
Pay Online Button
Apply Now Button

NAHB: Single-family home trends vary across country

Posted on Wednesday, October 15, 2014 at 9:02:50 AM

Shopping for a single-family home in New England will net you wildly different results than buying a house on the West Coast. According to a recent National Association of Home Builders survey, the size, price, design - and what buyers expect to find - differ greatly depending on location.

"This recent analysis really illustrates the many different types of homes built throughout the country," said NAHB chairman Kevin Kelly. "It is fascinating to see how newly built homes can vary significantly not only in design features and building materials, but also in terms of lot size, home prices and financing methods used, simply based on where a home is built."

For example, NAHB found that the priciest homes are in New England, with a median sales price of $400,000. They are also some of the smallest, however. Popular home design features in this region include decks, with 63 percent of all new homes in New England built with one.

Should you be upgrading your home to sell, consider home improvement financing to get the job done. Also pay attention to the features that sell, which include landscaping, updated entryways, nicer plumbing fixtures and partial renovations, according to U.S. News and World Report.