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What to Know Before Buying a Home

The experts at the new show Sleep On It have compiled a list of helpful facts and figures that potential buyers should know before they hit the streets to look for a home.

Sleep On It : Episode HSLEP-201B -- More Projects » (Continued from Page 1)

  • Of major appliances, gas ranges last longest (15 years).

  • In the western US, window replacements get 103 percent of cost recouped on sale.

  • The average US home appreciates 5 to 6 percent per year.

  • Most homeowners move every seven to 10 years.

  • The average bathroom remodel costs $10,500. They also have the highest return on investment — about 102.percent.

  • Outdoor living is key for today's buyer.

  • The median price of an existing house has gone up 5.5 percent since 1989.

  • Thirteen percent of previously owned homes are for sale by owner.

  • New homes can cost about 20 percent more than existing homes.

  • Three considerations when choosing a home are price, location and condition.
Also in this Episode
Sleep On It : Episode HSLEP-201B
•What to Know Before Buying a Home
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