Psychographic Information on US Home Owners

Goals

To obtain psychographic information around which government services homeowners interact with and how they manage them, and further gain insights on how much they pay currently for the government services, whether they miss deadlines, and if there are any costs (on average) of late compliance with the required services. Additionally, get information on any existing services that can manage government services on behalf of homeowners.

Early Findings

  • Homeowners in the US interact with various government services, including property taxes. Homeowners directly pay property taxes, renters also implicitly pay these taxes as part of their rent.
  • Some housing-related tax policies imply that homeowners can deduct some amount of local property taxes from their federal income tax, which renters cannot.
  • Homeowners also interact with permit services. For instance, when homeowners intend to make some improvements (such as remodeling projects to raise the value) to their homes, they much apply for permits from the government.
  • Guidelines by the National Association of Realtor states that homeowners who fail to obtain proper permits may complicate or cancel the sale of your home.
  • Homeowners must have filed permits that they have to produce during a home inspection or appraisal process.

Summary of Early Findings

  • During the initial hour of research, we were able to obtain some useful insights on specific instances when homeowners interact with various government services,
  • However, due to time restrictions, and the fact that some of the needed information is not readily available, we could not provide information on any available services out there that can handle managing the government services on behalf of homeowners
  • Also, due to time limitations, we were unable to determine how much they pay currently for these services, whether they miss deadlines, and how much the late fee costs them on average.
  • We believe that more hours of research will allow the team to use creative ways to conduct a more in-depth search to find the needed information.
  • Please choose one or more of the proposed next steps in the scoping section below.


Proposed next steps:

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