Fifteen Fun and Weird Real Estate Facts That Will Surprise You

Being in real estate is a serious business; just one transaction could alter your client’s lives forever. While we’re working hard to assist our clients in selling their home and buying a new one, we’ve come across some fun real estate facts—some of them are even downright weird! But we’re not keeping these fun facts a secret. So take a break from looking for that perfect home and enjoy reading these facts.

The real estate value of the White House is nearly $110 million.

Prior to the days of central heat, a housewarming party wasn’t just an excuse to celebrate. It was actually a way to keep the house warm. As a gift to the new home dwellers, the neighbors would carry over firewood and help start a fire in the home’s fireplaces. This kept the home cozy and was thought to keep away any evil spirits.

In the U.S., there are five times more empty houses than homeless people.

In California, if a person has passed away within the past 3 years in a home you’re attempting to sell, it’s viewed as a material defect. This death needs to be revealed to your potential buyer unless the person died of AIDS; then you shouldn’t divulge the information because it’s considered discrimination.

If you’re selling your home in New York, it’s required legally that you report if you think your home is haunted.

When was the highest home equity since 2007? It was in the first quarter of 2014 at $10.8 trillion. That means the normal household’s net worth was firmly invested in home equity.

In Ohio you must have a hunting license to trap a mouse in your home.

The Chrysler Building’s architect was in a competition to see who could build the highest building in the world. As it was being built, the architect concealed a 125-foot long steeple inside. After the competitor’s building was erected, the steeple was driven up through the Chrysler Building which made it 119 feet higher.

In Pennsylvania there is a cleaning regulation that forbids a housewife to sweep and hide dirt or dust underneath a rug.

In order to build their new data server building in North Carolina, Apple paid an elderly couple $1.7 million for an acre of their land. Thirty-four years ago, that same couple bought that property for $6,000!

Sunday is really the best day to put your home on the market. Traditionally, you’ll have more buyers come through your door if you list your home on a Sunday in the spring or fall.

During 2009, there were fewer marriages than foreclosures in the U.S.

Red front doors mean more than “welcome” and a great curb appeal. In Scotland, a red door denotes that your home is paid for. In China, painting your front door red means abundance and good fortune. Lastly, in India, having a red door means a newlywed couple lives there.

Since 2005, homeless people in Utah have been receiving free homes. This cuts continued homelessness down by 74%.

This one is more fun than fact…. As you’re moving into your new home, leave the old broom in your old home. The broom holds dirt from your previous home—figuratively and literally speaking—so leaving it behind will hopefully earn you some good luck in the new house.

We hope you’ve appreciated this “lighter side” blog this week. If you’re thinking about buying or selling a home, please contact us and we’ll be happy to assist you.

Fun Real Estate Facts: Study Reveals Home Ownership Dream

Whether you are buying or selling a home in Connecticut, you can learn a lot by looking at the fun real estate facts revealed in a study on housing and homeownership. According to a survey by Trulia.com, home ownership dreams differ depending if you are a millennial in the 18 to 34 age category, a member of Generation X age 35 to 54 or a baby boomers 55 and older. By knowing who is in the market for a new home and when people plan to buy a home, you can make better educated decisions about the listing price, timing and targeted home improvements. According to the survey, 40 percent of baby boomers, 77 percent of Gen-Xers and 89 percent of millennials who currently rent plan to buy a primary residence.

Staging for people with children

If you are trying to sell a home in Connecticut, it’s a good idea to stage the home as a family friendly house. According to the Trulia.com survey, most people buy homes when they have children under the age of 18 living at home. Some ideas for creating a family friendly home even if you are single or married without children include setting up a playroom, decorating bedrooms for children and creating an outdoor play area.

Timing your home purchase

If you are hoping to buy a home in Connecticut, it is an excellent time. The survey showed other fun real estate facts such as the fact that 4 percent of millennials want to buy a home within 6 months; 7 percent plan to buy within 7 to 12 months while 17 percent want to buy within 13 to 24 months. Because interest rates will likely rise, it pays to lock in on a lower rate while also getting ahead of the home buying wave that will likely push up home prices.

Choosing an architectural style

The survey revealed the different architectural style of homes that people prefer. Members of Generation X and millennials like the modern home best, while baby boomers prefer the ranch style home. Three perfect of people want a penthouse apartment, while 2 percent want to live in a converted loft. Some of the most popular styles of home include farmhouse, Victorian, Craftsman, Plantation and Colonial as well as the ranch and modern styles.

Other fun real estate facts relate to the size of a home and the features. Those surveyed prefer homes more than 1,400 square feet but less than 2,600 square feet. Easterners prefer living in the suburbs. Favorite amenities include decks, gourmet kitchens, open floor plan and balcony. For more information on Connecticut real estate and fun facts, please contact us.

Listing information is deemed reliable, but not guaranteed. This IDX solution is (c) Diverse Solutions 2013.
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