09
Jul
09

Home Remodeling on the Rise

Realtor® Cheryl Westwood ~ Lake Havasu City Real Estate

There is really good news coming from recent reports and surveys out of the home remodeling industry.  Home remodeling is on the rise, with an increase of 5% since 2008.  This is a bright outlook for the home remodeling industry and many homeowners can get really good deals on their home remodeling projects now.

Remodeling costs are now down by 20% since the highest prices back in Home Remodeling on the Rise2006.  Many of these savings have come from several sources, such as lower bids from contractors, the economic stimulus package and a reduction in material prices.

Homeowners that are looking into remodeling their home usually remodel the kitchen or bathroom within the first few months of purchasing the property or refinancing it.  However, before you begin your remodeling project, there are some things you should consider first.

What are your goals now and what do you think they will be in 5 to 10 years from now?  Will the room you remodel be used the most often?  How functional do you want or need it to be for you and your family?  These are important questions to ask yourself and require careful planning.

A design professional can help you through the planning process.  They will help you consider how the space will be used, style and function.  A design professional can also help you stay within your budget and make sure all the small details, construction and timeline are taken care of.  It will help the project go more smoothly.

As always, there is nothing wrong with doing the work yourself as long as you know what you are doing and have some experience in doing it.  Depending on the project, novices shouldn’t try to handle a project they know nothing about.  In the end, it could end up costing you more to have your mess up fixed up.

Good luck with your home remodeling project.


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