First-Time Homebuyers Shell Out More for Upgrades

While first-time homebuyers are facing certain challenges entering the housing market, that doesn’t mean they aren’t spending on upgrades to the homes they end up owning.
According to a recent report by Houzz, first-time homebuyers in 2016 dropped more than ever on renovations, spending an average $33,800. Homeowners overall spent an average $60,400.
First-time homebuyers aren’t starting with small changes, either—in fact, many have taken on remodeling four rooms at once,