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Stuck on designing that one room in your home? Start by choosing your preferred color and then base the space around that style. Certain color choices evoke different moods, which you can find showcased below.
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More home buyers are beginning to desire urban-style amenities as urban housing in metropolitan areas grows in popularity. These potential buyers state walkability as the most important characteristic of a new home while proximity to work comes in as the second most essential.
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When it comes to feeling a sense of community, those who earn more money are more likely to report that there is a feeling of community where they live and work. The following graph breaks down the percentages between money made and those who hold this opinion.
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The United States is at a critical point for putting in place affordable housing options, accessibility features, and in-home care services that will be needed as the older population surges over the next two decades. Those aged 65 and older are expected to rise from 48 million to 79 million over the next 20 years, and increasing a home’s accessibility features could help provide those with disabilities more independence and allow them to stay in their homes longer. Several aspects of these housing designs are pictured in the following graph.
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Buying a residence is one of the largest life decisions a person can make. For those who bought homes in 2016, 35% of purchasers were first time buyers. Forty four year olds were the most common age of buyers while two thirds were married couples. Further stats can be seen below.
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Compared to 2015, 2% more of California households could afford to purchase a median-priced single-family home in 2016. With the average price for this type of property coming to $515,940, check out the most and least affordable counties in the Golden State below.
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Making up 9% of the population, the Matures, those 70s and beyond, have made up their minds on where they want to live in their later years. 90% of this generation would like to stay in their current homes for as long as possible and not be relocated to a nursing home.
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Easy access to public transportation is becoming progressively more important to American home buyers. Potential buyers would pay to live near better transit options with the younger the generation the more it is willing to pay for location.
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School districts and proximity to quality ranking education significantly shape many buyers’ search for the perfect home. Three fourths of parents affirm the priority of high quality schools when it comes to picking a home while over half of them would choose a specific neighborhood if it meant better academic options.
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As social norms are changing with the Millennial generation, many young people are delaying marriage longer while only a fifth of them own a home. It is crucial to adapt to the needs of the largest growing demographic in today's market and adjust to world's shifting social and economic changes.
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With over $750 Million in real estate sales, The Aaronson Group offers an unparalleled level of service to our highly respected clients. Whether you are looking to buy or sell your home, we guarantee that our expertise, professionalism & dedication will navigate you towards meeting your unique real estate needs.
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