Okay, actually these are random facts for ALL of the United States, but there are a lot of similarities between both national and Colorado Springs home buyers . These are all statistics from the National Association of Realtors® studies and research…

• Nearly one-quarter of first-time buyers are single females who purchased their first home on a median income of $47,400.
  Are YOU a first time home buyer in Colorado Springs? Check out: Use Your $8000 Tax Credit as a Down Payment on Your Colorado Springs Home Purchase!
  
  
• The typical buyer spent $4,350 on home improvement projects within the first three months of their home purchase.
  A lot of home buyers see “potential” in a home and spend money to “make it their OWN” as soon as they close.

• Repeat buyers typically spend more than first-time home buyers ($5,330 compared to $3,070).
  Many first time home buyers have used up all their “disposable” income just to BUY the home and have little left for “improvements”  whereas more repeat home buyers can use some of the equity they had in their previous home to fix up their new home.

• Twenty-eight percent (28%) of first-time buyers spent less than $1,000 on home improvement projects.

• Buyers who purchased new homes typically spend slightly more than those who purchased previously owned homes.
  Some costs associated with a new home purchase include: landscaping, fencing, window coverings and repainting stark white walls with something more …. warm.

[The last 4 statistics were taken from the article: Did You Know: Cost of Home Improvement by NAR (There is a cool chart in this article, too.)]

Thanks for reading our Colorado Springs Real Estate Blog!
Posted By: Mariana Wagner - Colorado Springs Real Estate Agent - Wagner iTeam
The Wagner iTeam is a power team of Keller Williams Realty,
specializing in Colorado Springs Real Estate and Monument Real Estate
Pictures of Colorado Springs
(719) 434-7525