Home Plumbing Contractor Free Plumbing and Heating Contractor Business Plan 4.21 Market Value of Owned Home Nationally by Age Analysis.
In order to conduct this analysis we take in data on market value of home at a national level, for 6 age categories over a 10 year period:
When we look at the change in the market value of homes over the course of a decade for any age group of homeowners nationally, we expect there to be a some increase in the value of all homes owned - this is not the case. The analysis reveals that the largest increases in home values from 2005 to 2014 have been in the value of homes for folks who are over the age of 65. The homes owned by homeowners in this group showed an increase of 19.5%. The values of homes of for folks in the 45 to 54 year age group showed no appreciation and besides that the value of homes in every other age group have actually declined as follows:
All this of course has certain implications for Feilx and Michael when they go about targeting their advertising and promotions. They have to consider these national trends in the values of homes and overlay that with what is happening in their target market to then develop more focused and targeted marketing material. Folks whose homes are under water in terms of valuation tend not to have the financial resources to be able to perform anything else but emergency plumbing work. With these homeowners it may be a good idea to offer low priced repairing solutions - these are not folks who will be able to afford expensive kitchen and bathroom remodeling contracts.
The Foundation Grant Directory is a free listing of sources for grants by state. Why not look if there is some free money out there for your business. Hey - you never know!
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