The real estate market has been in a frantic race in recent years. Sellers reaped record profits and buyers had to compete with many others – sometimes in bidding wars – for a limited number of properties. Once listed, homes sell quickly.
As interest rates rise and inventories rise, things are likely to change, although for some it hasn’t happened soon enough. People who were lucky enough to find a new home this year may find that they now have little money to equip those homes. Buyers who have new homeowners on their holiday shopping lists may want to help those loved ones outfit their homes this season.
Here are some home-related gift ideas to get buyers started.
Although the smart doorbell market started out with only a handful of options, there are now a host of manufacturers making video and smart home doorbells. These doorbells serve the dual purpose of alerting homeowners to someone at the door, while providing surveillance of comings and goings outside the home. Depending on the product, a subscription may be required to access video history. Doorbells range from $50 to $200+ depending on features and resolution.
Furniture gift card
Chances are new homeowners will need to furnish new rooms in a home, especially if they’re coming from an apartment or smaller location. Many people also like to update their furniture when they move into new places. A gift card to a popular area furniture store will give new homeowners the head start they need to secure couches, dining sets, lamps, rugs, and more.
Household tool kit
What better way to prepare new homeowners for DIY projects and home repairs than with a tool kit? Home improvement retailers often package common tools needed in carrying cases or sets, but shoppers can grab separate items they think are used and bundle them into one freebie. Pliers, screwdrivers, wrenches, a level and a tape measure are good starter tools.
Give that new home extra curb appeal with a personalized doormat with a special message or the names of the new owners, such as Welcome to the Smith Home. Other customizable products include cutting boards and wall plaques.
A programmable or learning thermostat will help new homeowners save on their energy bills. Many thermostats now pair with smart home systems and phones and automatically adjust the temperature as needed to reduce energy consumption.
A set of high-thread count sheets or plush Turkish cotton towels might not be something new homeowners think of affording. But these luxurious gifts can make home life more comfortable.
Moving into a new home is an exciting but costly undertaking. Carefully selected gifts can tap into what new owners need most.