More than half — 55 percent — of homeowners plan to continue or start renovations this year, with 4 in 5 intent on hiring professional help.
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Buyers are picky about their future homes. They won’t make top offers on homes that need substantial updating or extensive repairs. The vast majority of buyers making such costly purchases are cautious about taking on an expense that might unexpectedly cost them even more down the road.
“Technology will fundamentally transform how homes are bought and sold,” said Keith Rabois, co-founder of Opendoor, in a statement. And that’s what he thinks a new platform for his startup will do.
When it comes to developing online efficiency-improving platforms for apartment sector niches, West Coast-based startups are leading the way. During the past month, the multifamily sector has seen the launch or announcement of various apps and platforms focused on short-term rentals, application fees and online rent payments.