Are you looking for your own fixer-upper? These are the most affordable places to make it happen.
Are you looking to remodel a home for yourself or make some extra money? Do you just want to improve your current living space? In a time of constant inflation, supply chain problems and labor shortages, this may be easier said than done. And as with most things, where you live can affect how easy a home improvement project is to complete and how affordable it is, whether you’re looking to add an extra bathroom or completely redo a property. .
In the latest research of Compare the marketThe cheapest states for home improvements emerge based on five factors:
- Median age of home, averages by state
- Median home value, by state average
- Median Home Improvement Loan Value, Based on State Averages
- Average salary of hourly workers, according to state averages
- Number of construction employees per 1,000 inhabitants in each state
Read on to learn the five cheapest states for home improvements.
1. New Mexico
First of all there is New Mexico, with reasonable labor wages and the highest number of construction workers per 1,000 people, 13.37. Aside from that, there’s always something to do in New Mexico, from the state’s top festivals like the Albuquerque International Balloon Festival either International Popular Art Market, to hiking through one of its 35 state parks or three national parks. The food brings together a mix of Spanish, Native American and Mexican influences, and the state is home to world-renowned research institutions such as Sandia National Laboratories and Los Alamos National Laboratory.
Mississippi ranks second, with an average age of 36 years. It has the second-cheapest home price, with an average of $136,596, along with the second-cheapest joint home improvement loan value, at $45,000. Additionally, living in Mississippi places residents at a confluence of Southern charm, innovation, and cutting-edge culture. The mild climate and abundant waterways make it a popular location for outdoor enthusiasts, along with large forested areas, swamps, and beaches on the Gulf of Mexico. oxford, Your hair and jackson They are among the best places to live in Mississippi.
3. West Virginia
With the median home value at $115,018, West Virginia has some of the most affordable housing in the U.S. With 10.57 construction employees per 1,000 people, there are many opportunities to hire an expert and keep costs reasonable. Known for its mountains, foothills, and numerous state parks, West Virginia offers a variety of outdoor recreation options, including hiking, mountain biking, skiing, fishing, hunting, and rafting. The best places to live in West Virginia include Charleston, Huntington, rolling and morgantown.
4. South Carolina
In fourth place, South Carolina It has the newest homes, with an average of 32 years old. It has the eighth highest number of construction workers per 1,000 inhabitants, with 9.12. Plus, South Carolina is on the beautiful Atlantic Ocean and offers over 40 craft breweries and some pretty delicious cuisine (think everything from barbecue to Asian-inspired dishes) and, of course, seafood.
Alabama rounds out our top five, with the median home value at $163,900 (the seventh cheapest in the country) and the second most affordable hourly wage. And with its year-round warm temperatures and white sand beaches, Alabama has everything you need to live the good life: four national forests, part of the 440-mile Natchez Trace Parkway, a historic forest trail, and several golf courses prestigious.
Learn more about this research and the Full list of the 25 most affordable home improvement states here.