Will Jacksonville Be a Part Of the Short-Term Home Buying Frenzy?

For Sale - Jacksonville real estate
In the past, most people who bought a home did so with the intention of staying in their home for years, decades, or even a lifetime. Not so much anymore. There seems to be a new trend coming in which homes are bought for only a short time and then re-sold. This is not the same as flipping, where homes are bought, fixed up, and sold (hopefully) at a profit. This new trend, which seems to be more popular with younger buyers, is to buy now, save money for something bigger and better, and then move...upward.
“According to a national survey from Chase, roughly 75 percent of homebuyers don’t plan to stay in their homes long-term. Chase suggests that such trends indicate that “today’s consumer is always searching for the next best thing” and that “digital is also changing the way Americans search for homes.”
Source: <a href="https://www.mainstreet.com/article/flipping-frenzy-fueled-by-short-term-homebuyers">Flipping Frenzy Fueled by Short-Term Homebuyers</a> by Jason Notte.
​For those who may be thinking of trying this out, and for those who have no intentions of moving anytime soon, a great way to add value to a home is with new hardwood floors. It can be said, that new hardwood floors are one of the most effective ways to bring value and beauty to any home at a cost that is not as high as many people think.
Another benefit to hardwood flooring is that today homeowners in Jacksonville can choose between solid or engineered hardwood flooring systems. This means that consumers can have their new hardwood floors installed either above or below grade. This is great news for those who want to turn the basement into a game room, family room, or man cave. This is where engineered hardwood flooring shines.
If it has been a while since you last looked at hardwood floors, you may be surprised at how many more options you have today. While you can still get the traditional solid hardwood flooring such as red or white oak, maple, elm, etc, you and can also find hundreds of wood species in the engineered hardwood flooring systems, including the exotic ones such as teak, bamboo, or Tigerwood, for instance.
Whether you plan to stay or buy and move on later, hardwood floors are a great investment for any home. Come by About Floors n’ More in Jacksonville, FL and see the many hardwood floors we have available for you.