Home Remodeling Almost As Hot As Home Buying And Selling In Portland

Dated: March 11 2016

Views: 593

Home buying and selling continues to keep the Portland housing market churning.


According to a new analysis from property information company BuildFax, home remodeling is adding fuel to that fire as well.

Home remodeling is on the rise across the country and in Portland, according to property information company BuildFax.

Home remodeling is on the rise across the country and in Portland, according to property…more

ONUR ERSIN



In its analysis, which looked at building permit info to determine which cities had the most residential remodeling activity, BuildFax found that Portland landed at no. 8 on its list of the top cities for remodeling in the country.


The firm found that more than 7 percent of Portland-area homes were remodeled in 2015. In the top city in the country, Colorado Springs, nearly 15 percent of homes were remodeled.


Other top markets just ahead of Portland on the list included Orlando, Denver, Minneapolis, St. Paul, Tampa Bay and Aurora, Colo.


The BuildFax analysis also noted that Portland had an increase in remodeling activity between 2013 and early 2016 of 13 percent.


"We see heavy activity across the board (in Portland), and especially with regard to renovations involving electrical, mechanical and plumbing," the analysis noted.


BuildFax's report comes just as the Home Builders Association of Metropolitan Portland kicks off its annual Tour of Remodeled Homes. Set for this weekend (March 12 and March 13), the tour includes nine home projects across the metro region.


The tour projects are much more substantial than electrical, mechanical and plumbing projects and range instead from new master suites and kitchens to whole-house remodels.


Source

Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

6 Projects To Banish Boredom From Your Yard

We're all about indulging in Starbucks' latest seasonal concoction or this season's "it" bag. (OK, maybe a knockoff version of this season's "it" bag.) Trends are just plain fun — and they keep

Read More

How To Renovate Tight Living Quarters Without Cutting Corners

If you live in a small space, you’re used to having to come up with clever solutions to maximize your home’s potential. So whether you’re looking to renovate a studio apartment or small house,

Read More

Are You Making One Of These 7 Landscaping Mistakes

You can just picture it: a pretty cottage garden overflowing your front yard, with tons of heavy, scented blooms.Well, at least you can picture it with your eyes closed. With your eyes open all you

Read More

Fannie And Freddie Set Dates For Their New Refi Option

The Federal Housing Finance Agency didn’t have a set date for its new refi option targeted to low-income borrowers when it announced the program last week. But on Wednesday, both Fannie Mae and

Read More