Porch, the home improvement network, and realtor.com have announced the launch of the Porch Home and Neighborhood Report, a free, innovative resource for understanding the remodeling and project history of a specific home and its neighborhood, to millions of prospective home buyers searching for homes on realtor.com.
Built using data and insights from the Porch Home Improvement Network of 1.5 million professionals and their 98 million projects, the Porch Home & Neighborhood Report provides a new level of insight and information that can be used to inform the home search process. The report includes home improvement project history, the cost and details of remodels and projects, background information for professionals that have previously worked on the home and neighborhood, and vital neighborhood statistics, such as how long neighbors have lived in their homes and the size, age, and cost of comparable neighborhood homes.
Realtor.com, the official site of the National Association of REALTORS (NAR) is first-to-market to provide access to the Porch Home & Neighborhood Report, free of charge. This new remodel and project history adds to the industry's most accurate, timely and comprehensive listing information available to the marketplace on realtor.com.
Available today on realtor.com, Porch Home & Neighborhood Reports can include the following:
-- Home & Project History: Home history from the Porch database which can
include the projects, costs, photos, and professionals that worked on
-- Neighborhood Home Improvement Insights: A summary of home improvement
projects completed throughout the neighborhood. The Porch Home &
Neighborhood Report provides details on various types of projects
including median cost and local professionals in order to help
prospective home buyers learn about what a project may cost and who they
-- Neighborhood Stats: Insights into all neighborhood homes so a home buyer
can compare the home for sale to others nearby. Insights include home
values, size, age, percentage of homes that are owner occupied, and the
number of years neighbors have lived in their homes.
"At Porch we want to help everyone love their home; whether that means finding the right professionals to improve their existing residence or finding the home of their dreams," said Matt Ehrlichman, chief executive officer of Porch. "For millions of people, the home is the biggest investment they will ever make. We believe everyone should have easy and transparent access to data and insights that matter most so they can make good, informed decisions. Through this relationship, we have the opportunity to use the power of the data in the Porch Home Improvement Network to provide relevant insights to consumers who visit for-sale homes on realtor.com."
With a Porch Home & Neighborhood Report, prospective homebuyers have a completely new and never before available tool for conducting a detailed, informed home search. The Porch Home & Neighborhood Report puts real figures in place of estimations, backed by data collected from city permitting departments, materials suppliers and professional associations as well as provided by professionals and their clients.
"We are delighted to be joining with Porch in delivering an innovative new layer of real estate information for buyers and sellers," said Steve Berkowitz, chief executive officer of Move. "The Porch Home & Neighborhood Report adds tremendous insight that a prospective buyer or seller can discuss with their Realtor to help them make the best decision about the purchase or sale of the home. It's another way to help consumers quickly understand with confidence the various costs associated with a home, which is especially critical in today's market with multiple offers and homes moving very quickly."