Experts continue to observe increases in home prices across the US. If you are a first-time homebuyer looking to purchase, finding a home may be challenging right now. But if you are a homeowner looking to sell, the market is probably in your favor. Log home sellers in particular are noticing an uptick in demand for log construction. TruLog™ steel log siding is a durable siding option that looks just like real logs. While affordable to install, it may significantly increase your home’s value. It creates a log home look but without the requirement of maintenance.
Home Prices Show Signs of Increasing
Demand for homes continues to be strong while home inventory is down. According to Mortgage Professional America, nationwide home prices increased 5.9 percent compared to one year ago and 1.3 percent month over month. MPA found rising home prices were being bolstered by resale activity that’s the highest it’s been in 9 years, and by high demand coupled with limited inventory. At the same time, mortgage rates have been low.
Oregon, Washington and the Pacific Northwest in general are leading the rise in home prices. Washington home prices are rising faster than any other state in the country. Denver, Seattle, Portland and Washington D.C. are in the top tier of US cities for rising home prices. If you live in one of these cities or another urban hub in America, then you may be getting your own anecdotal evidence of home sales. Neighbors, friends, coworkers and family may be selling their own homes quickly, and maybe even above asking price.
Adding Value With TruLog™ Steel Log Siding
If you are thinking about selling your home, how can you seize the opportunity? Your home may be worth much more than you originally paid for it. You can boost its value even more by doing a few things to update your home before you put it on the market. One type of update is new siding. TruLog™ steel log siding could turn out to be a significant addition of value to your house. TruLog™:
- Requires no maintenance
- Improves the energy efficiency of your home
- Stands up to high winds, hail, snow, UV rays and other weather elements
Though made of heavy gauge steel, these siding panels mimic the natural contours, chinking lines and colors of an authentic log home. Evidence shows today’s homebuyers are seeking low-maintenance options. TruLog™ creates a charming log-home feel but requires no more than the occasional rinse with a garden hose. Compared to the routine upkeep logs require, TruLog™ is a hassle-free alternative.
Want to learn more about TruLog™ siding? Our experienced staff can answer all of your questions and provide a free cost estimate for your project. Please call us at 970-646-4490. We are personally committed to improving our customers’ lives with a durable, maintenance free siding product.
Sources:
mpamag.com/news/morning-briefing-home-prices-up-almost-6-per-cent-34406.aspx
