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June 24, 2025•1 min read

“Your Home’s Getting Up There—And That’s Actually Good News”

1. Homes Are Aging Like Fine Wine

  • In 2012, the typical home sold was 27 years old. Fast-forward to 2024 and it’s now 36 years old—a nine-year jump!

  • Think of houses like vintage vinyl: the older they get, the more character (and quirks) they have. (Redfin Corporation)

2. Why We’re Buying Classics Over New Builds

  • Supply shortage: Builders have been pumping out bigger, pricier homes. Entry-level houses? Much scarcer now.

  • Affordability: A 30+-year-old home typically goes for 15% less than the average new build. That’s like getting a retro pair of Nikes for half the price of today’s drop. (National Mortgage Professional)

3. Renovation Loans: Your Home’s Fountain of Youth

  • With aging comes opportunity! Homeowners are tapping into equity to fix, flip, or modernize:

    • HELOCs (Home Equity Lines of Credit)

    • FHA 203(k) Loans

    • HomeStyle Renovation Loans

  • Investopedia projects home-improvement spending to hit $526 billion by Q1 2026—because nobody wants to live in the home equivalent of dial-up internet. (Investopedia)

4. Buyer Demographics: Older, Wiser, and Ready to Renovate

  • First-time buyers now average 38 years old (vs. mid-20s decades ago).

  • Repeat buyers? A spry 61—think of them as home-buying marathoners, not sprinters.

  • Rising prices and mortgages hatched this “late-bloomer buyer” club. (Axios)

Takeaway for Homeowners:
If your roof tiles could talk, they’d say “frill me”! With homes getting older, now is prime time to explore renovation financing and make your place the envy of your block.

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