What to Know Before Buying a Home

Before hitting the streets to look for a home, check out these helpful facts and figures from the experts at Sleep On It.

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

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

  • The average U.S. 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.


  • A typical midrange kitchen remodel costs nearly $44,000 and can bring a return of about 90 percent.

  • Ask about lead paint or asbestos in older homes.

  • Tree roots can crack a driveway.

  • Homes in premium condition sell for more, even in a buyer's market.

  • Talk to homeowners in the neighborhood you're interested in for more information about the area.

  • Most agents suggest that the No. 1 reason houses don't sell is price.

  • In the western U.S., a basement remodel may return 108 percent on resale.

  • Studies of magnetic field exposure from power lines show little evidence of an association to increased health risks.

  • Forty-three percent of homebuyers rank proximity to a school as an important factor.

  • Thirty-six percent of buyers prefer a separate shower in the master bath.

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