October 2023 ยป thefivestar.com
1
October 2023
J O U R N A L
ADDING
VALUE THROUGH
RENOVATIONS
Increasing home values
for owner-occupants
88% of Auction.com buyers spend at least $10,000 on
renovations, with nearly half spending between $20,000
and $50,000. A goal is to make homes affordable,
especially in low-income neighborhoods.
Good news: Renovated properties sell at relatively
affordable prices.
Source: 2023 Auction.com Buyer Insights Report
L e t ' s E x pa n d
H o m e o w n e r s h i p
T o g e t h e r
ADDING
VALUE THROUGH
RENOVATIONS
Increasing home values
for owner-occupants
88% of Auction.com buyers spend at least $10,000 on
renovations, with nearly half spending between $20,000
and $50,000. A goal is to make homes affordable,
especially in low-income neighborhoods.
Good news: Renovated properties sell at relatively
affordable prices.
Source: 2023 Auction.com Buyer Insights Report
L e t ' s E x pa n d
H o m e o w n e r s h i p
T o g e t h e r
ADDING
VALUE THROUGH
RENOVATIONS
Increasing home values
for owner-occupants
88% of Auction.com buyers spend at least $10,000 on
renovations, with nearly half spending between $20,000
and $50,000. A goal is to make homes affordable,
especially in low-income neighborhoods.
Good news: Renovated properties sell at relatively
affordable prices.
Source: 2023 Auction.com Buyer Insights Report
L e t ' s E x pa n d
H o m e o w n e r s h i p
T o g e t h e r
