{"id":7178,"date":"2014-11-14T14:08:49","date_gmt":"2014-11-14T14:08:49","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=7178"},"modified":"2014-11-14T14:08:49","modified_gmt":"2014-11-14T14:08:49","slug":"home-remodeling-activity-falls-rents-rise","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-remodeling-activity-falls-rents-rise\/","title":{"rendered":"Home Remodeling Activity Falls as Rents Rise"},"content":{"rendered":"<h2>Home Remodeling Activity Falls as Rents Rise<\/h2>\n<div id=\"attachment_7179\" style=\"width: 400px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/11\/ID-10063790.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-7179\" class=\"size-full wp-image-7179\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/11\/ID-10063790.jpg\" alt=\"Home Remodeling Activity Falls as Rents Rise. Image courtesy of chokphoto \/ FreeDigitalPhotos.net\" width=\"400\" height=\"312\" srcset=\"https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/11\/ID-10063790.jpg 400w, https:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2014\/11\/ID-10063790-300x234.jpg 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-7179\" class=\"wp-caption-text\">Home Remodeling Activity Falls as Rents Rise. Image courtesy of chokphoto \/ FreeDigitalPhotos.net<\/p><\/div>\n<p>Markets where rents are rising rapidly are seeing less home-improvement activity, translating to rental properties that aren&#8217;t being upgraded or properly maintained, suggests a new study.<\/p>\n<p>In many ZIP codes where rents have climbed by some of the highest amounts, remodeling and other home-improvement activity are at their lowest, according to a new study by BuildZoom, which analyzed housing-cost and building-permit data.<\/p>\n<p>The study found that from 2011 to 2013, a 10 percent increase in rents in a ZIP code was accompanied by an average 9.7 percent decrease in the number of homes undergoing permitted improvement, says Issi Romem, chief economist for BuildZoom.<\/p>\n<p>Romem speculates that with rents rising, particularly in high-dollar places like San Francisco, landlords likely are facing fewer vacancy periods, which may leave them less time to make home improvements. Also, &#8220;when eager renters are lining up at the door, landlords have less incentive to renovate,&#8221; Romem says. &#8220;If one can make top dollar renting a place out as-is \u2014 why not?&#8221;<\/p>\n<p>On the flip side, remodeling and home improvement activity tended to rise more in ZIP codes with greater increases in home values as opposed to rents, Romem found.<\/p>\n<p>&#8220;From 2004 to 2013, we estimate that, on average, a 10 percent increase in home values was associated with a 4.3 percent increase in the number of homes undergoing improvement,&#8221; he says.<\/p>\n<p><em>Source: \u201cRising Rents Correlate with Less Home Improvement Spending,\u201d HousingWire (Nov. 12, 2014)<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Home Remodeling Activity Falls as Rents Rise Markets where rents are rising rapidly are seeing less home-improvement activity, translating to rental properties that aren&#8217;t being upgraded or properly maintained, suggests a new study. In many ZIP codes where rents have climbed by some of the highest amounts, remodeling and other home-improvement activity are at their &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/home-remodeling-activity-falls-rents-rise\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-7178","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Remodeling Activity Falls as Rents Rise - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/home-remodeling-activity-falls-rents-rise\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Remodeling Activity Falls as Rents Rise\",\"datePublished\":\"2014-11-14T14:08:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/\"},\"wordCount\":264,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/11\\\/ID-10063790.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/\",\"name\":\"Home Remodeling Activity Falls as Rents Rise - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/11\\\/ID-10063790.jpg\",\"datePublished\":\"2014-11-14T14:08:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-remodeling-activity-falls-rents-rise\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/11\\\/ID-10063790.jpg\",\"contentUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/11\\\/ID-10063790.jpg\",\"width\":400,\"height\":312,\"caption\":\"Home Remodeling Activity Falls as Rents Rise. 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