Friday, December 19, 2014

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More homeowners improving instead of moving

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TWC News: More homeowners improving instead of moving
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In Downtown Austin Sunday, Central Texas homeowners interested in remodeling had the chance to check out the latest products and technique to make their dream home.

The Austin Fall Home and Garden show, held in the Austin Convention Center, played host to more than 200 home improvement vendors and speakers from across the area.

Improvement has become an increasingly popular option for homeowners who want something nicer, but want to wait to buy their new home.

"They've figured that they've got to be there for the next four or five years until the economy picks back up," Chris Whited with ASAP Construction said. "So they obviously can't leave their siding rotting more and more, and perhaps causing damage to the framing."

With two young boys at home, moving is a distant thought for the Moore family.

"When I retire I hope, but right now—no," Kelly Moore said.

Whited calls it "improving not moving." Basically, some homeowners are staying put instead of selling and buying in this market.

According to a Texas A&M University report, our area's housing market was at its high in 2006 with more than 30,000 home sales that year.

In 2009, sales dropped to a little more than 20,000 and it's stayed around that number since.

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