Okay, here's a serious question. How many times have you been on Route 72 East or Marsha Drive and made that left or right turn instead of heading straight and went right for Morris
What New Home Buyers Spend On Their Homes After Purchasing
Home buyers who purchased new homes were more likely to make big money splurges after moving in.
In a recent release the National Association of Home Buyers found that new home buyers were likely to spend an average of $3,778 on home furnishings. This is 70% more than home buyers that purchased an existing home and over 5 times as much as owners that did not move. Appliances accounted for an average spent by new homeowners of $3,094, as $1,889 was spent by homeowners buying an existing home and homeowners that stayed put spent $1,182.
Homeowners of existing homes spent $4,085 topping the list for completing alterations & repairs followed by new home purchasers spending $3,729 and owner’s that bought existing hoes spent $2,232.
Must buy features were appliances that accounted for two thirds of new home buyers in 2015 in which homes did not come with a washer/dryer and 36% had no refrigerator.
Couches/Sofas were also a costly purchase for new home buyers spending approximately $700 the first year that they lived in their house. This was 60% more than homeowners that bought an existing home.
What are homeowners buying? Dining rooms and kitchen features averaged $687 on the amount spent including living room chairs & tables. Window coverings although expensive was a popular project with new homeowners spending an average of $215, non-movers spent $21 and existing home buyers spending $78.
Existing homebuyers and non-moving home owners spent money updating and doing repairs while new owners spent money on projects such as installing fences, walkways, and driveways.
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