Today s local real estate market couldn t get much hotter. The COVID-19 pandemic has inspired thousands of people looking for jobs or remote work to move to Utah where they can benefit from its fast-paced job growth, low mortgage rates, relatively low cost of living and low tax rates.
With an already low inventory of houses on the market, competition for home purchases has become fierce. According to Norada Real Estate Investments, Utah home values rose by 15.39% in 2020, putting average home prices around $400,000.
Dealing with this housing market along with the coronavirus pandemic has made it more important than ever for homeowners to keep their homes up to date, whether they plan on selling soon or know they ll be living in their current homes for the foreseeable future. By keeping up-to-date on home maintenance projects, you can identify potential problems before they turn into bigger issues, saving you money in the long run. Being up-to-date on your maintenance can also help