In recent years, the Houston metro area has faced significant challenges impacting the local housing market. Hurricanes and freezing temperatures have wreaked havoc on homes in the area, leaving many structures needing repair or remodeling.
Houston homeowners are facing issues, and now may be the time to sell worn-down properties to a local renovation company to help rebuild the city.
Home Damage Due to Natural Disaster
Natural disasters have created millions of dollars in damage to Houston area homes in the last decade. Historic flooding in 2015 and 2016 caused significant water damage to homes in the area, starting a several-year streak of dangerous weather conditions.
In 2017, Hurricane Harvey caused significant flooding, with local areas receiving between 30 and 50 inches of rainfall. The devastating storm destroyed over 200,000 homes and businesses and caused $141.3 billion in damage. Historic winter storms in February of 2021 brought record low temperatures that froze pipes and caused power outages throughout the state.
Due to these catastrophic storms, homeowners in the area have been unable to keep up with repairs to the damage done to their homes. Many homes in Houston are still in need of repair or updating to return them to a safe, comfortable condition.
Home Repair and Maintenance
Houston homeowners are weary from keeping up with repairs and maintenance on their homes. For some, repairing broken or leaking pipes or remediating water damage to their home has proved too expensive or time-consuming.
When water damage goes without repair, it can lead to mold, toxins, and damaged ceilings, walls, and foundations. Many Houston residents have left their homes vacant or in disrepair after these natural disasters because they do not have the resources for repairs or remodels to bring the house back to its former condition.
A separate issue affecting the lack of upkeep and repair on Houston properties is the growing age of homeowners. Although Houston’s average homeowner age is one of the youngest in the nation at 49 years old, most homeowners in the city are much older.
Nationally, 79.6% of people 65 and older are homeowners, while 75.4% of people between 55 and 64 own their own homes. Houston homeowners who are baby boomers in their 60s and 70s and are likely choosing not to deal with the hassle of repairing their homes after repeated damage. This generation is also not spending money on remodeling and updating their homes.
Houston Homeowners – Now is the Time to Sell
If you are a realtor or property owner in the Houston area, now is an excellent time to sell vacant, outdated, or damaged homes. 2021 has been a record-breaking year for sellers, with median home prices in Texas rising 18% in the last 12 months to an average price of $246,582.
The median home price has risen 69% between 2010 and 2020, highlighting the hot market for sellers.
However, as homebuyers become weary after months of historically high home prices, the seller’s market may be slowing. Homeowners in the Houston area looking to make a profit on their property need to act quickly in selling to gain the benefits of the seller’s market.
Big State Construction, a Houston-based construction, and renovation company is looking to buy homes in an effort to rebuild the city. Big State Construction specializes in residential and commercial construction and restoration. Our restoration process involves inspecting and assessing water damage, performing water removal, and drying and removing carpet or walls affected by standing water.
After creating a safe construction space, we use our industry knowledge and expertise to rebuild and remodel the property. Our vision is to buy and restore Houston homes to help the city recover and flourish in the coming years.
Big State is looking to buy homes located in Houston communities where rebuilding can improve the overall experience for residents and businesses. Homes near parks, libraries, schools, hospitals, shopping centers, or downtown locations are ideal. Let us know if you are interested in selling your property.
Help Rebuild Houston With Big State Construction
Repairing, restoring, and remodeling Houston-area homes can help revive the city after damaging storms and extreme weather. If you are a realtor or property owner in Houston looking to sell, contact Big State Construction.
We are a Houston-based construction and renovation company with over 13 years of experience renovating and restoring residential and commercial properties. We are currently working to rebuild the city by buying and restoring homes in need of updating and repairing.
Call us today at (713) 574-8956 to learn more about our mission to restore the city to its full potential and discuss selling a Houston-area property.