Tagged: National Association of the Remodeling Industry

2014 home remodeling trends

According to the National Association of the Remodeling Industry data of current and future remodeling business conditions continues to show growth. Quarter-over-quarter increases are evident in nearly all sub-components measuring remodeling activity. This rating has steadily increased in the six quarters NARI has been tracking. For more details, please visit: http://www.nari.org/news/article.asp?ARTICLE_ID=1686#sthash.5eznhtkn.dpuf

Why is this happening?

While many homeowners are remodeling due to necessity, there are other factors which have contributed to the rising remodeling rates. With the economy on the up and up, homeowners are feeling confident in their job security and overall financial well-being.

Growth indicators in the third quarter of 2013  were on an incline for:
•    Current business conditions
•    Number of inquiries
•    Conversion of bids to jobs
•    Value of jobs sold

Requests for bids remained the same as last quarter.

Home remodeling significantly increases the overall value of your home. If you are remodeling your home so you can sell it for more money, please consult with a professional before undertaking any major renovations.  Some improvements bring you a better rate of return on your money than others.

Any questions you may have about home remodeling and how it affects your resale value, contact your real estate consultant Sujatha Bhaskara at 732-319-1340 or sbhaskara@optonline.net.

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