Just a few years ago, many women sat back and watched their male counterparts take on the home repair projects. Women waited around for a male friend, family member or the professional handyman to undertake a repair job, which may have been simple enough for them to do on their own. But times have changed, and what used to be a “guy thing,” such as caulking the walls and windows, is now being tackled by women. Women who are single or married are taking charge of the home improvement projects. Very often, the modern woman doesn’t want to rely on a man to do the job for her when she can do it herself.
According to a Nationwide Survey conducted by Sears, Roebuck and Co. entitled “Her Home: How Women Homeowners View Maintenance,” 85 percent of women have been, are currently or expect to be solely responsible for maintaining a home. In other words, they are becoming or have become the head of the household. “From the record numbers of single women buying a first home to divorcees or widows, more and more women are finding themselves responsible for a home,” said Georgeann Georges, vice president of Sears’ Home Services Unit. “Given that a woman’s home is frequently her most valuable financial asset, women need to arm themselves with the knowledge and tools to keep their homes in good repair.” According to the survey, both single and married women homeowners are actively involved with home maintenance, know a lot about it and want to learn more.
Trends: Most first-time single women and married women homebuyers are under the age of 45 and make good money. Women homebuyers focus on buying a home base on their needs. They look for properties that will cost them a median range of $139,500 with little maintenance required. According to NAR three out of every ten single females, purchase either a condominium or townhouse because of the low maintenance costs. However, many do go for houses that need a lot of maintenance because they know it will be a good investment if the value of their home increases. One-fifth of women are single-family homebuyers. Women also take their time to look at houses because they want to buy in safe neighborhoods and live in proximity to family and work. They are looking to purchase a home where they can live at least five to ten years and resell or rent out as they move up the economic ladder.
To best way for a single women or married women to get involved in the real estate market is to do the research by going to seminars, reading books, and talking to lenders about options they may have. By doing this, she can decide if homeownership is right for her and prepare herself to get involved in the process of purchasing a home.
Ahhhhhhhhhhhite Ladies I hope that helps…..
Joe Lockett Brutally – Honest
Thanks doityourself.com for your help!