Home Improvement Activity Because of Housing Woes
Posted by admin under: Main Oct 31
While, home and condo owners remain upbeat on home improvements, the uncooperative housing market, coupled with hard mortgage money, is making them think twice about getting work completed. For those who can afford home improvements, that could mean it’ll be easier to drive a hard bargain and negotiate to get work done for less. Homeowners are also concerned about the slowing economy, falling home prices, and the resultant impact on discretionary equity-based money. Some economic indicators say the housing market recovery may not begin until the end of the decade. The Opinion Research poll conducted for Miniwax Co. asked consumers where home renovations would give them the most return and 63 percent of homeowners said a kitchen do-over while 51 percent said just buying new or refinished kitchen cabinets will add to resale value. Sixty-seven percent said painting the interior or exterior will add value. Other jobs frequently mentioned were bathroom remodels, new carpeting and new or refinished hardwood floors.
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Source: Home Improvement Activity Because of Housing Woes
Wednesday, October 31st, 2007 at 11:39 pm and is filed under Main. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.