The home improvement market is beginning to see some light at the end of the tunnel...
Home building and the real estate market took a swift turn in today’s economic crisis situation. Requests for building permits decreased significantly yet contractors in both new home construction, and especially home remodeling, continued to garner business in many pockets throughout the United States. In every economic downturn there is always an upswing, echoing the opposite of the popular phrase; what goes up must come down. In turn, what goes down-related to economic markets-always goes back up in a continuous cycle that experiences both positive and negative market fluctuations.
As the home improvements sector and new home construction slowly clamor out of a once-faltering economy, more and more homeowners are building “smarter” and creating fantastic property models through the latest in kitchen remodeling, bathroom remodeling and a wide scope of other home improvements that do nothing shy of adding more value to an already grand investment. Market starts, to some industry heavyweights’ surprise, are gaining momentum. In an economy that has seemed dire-and much worse to some-new home construction, did in fact not die out. Attractive interest rates drew otherwise wary homeowners like magnets.
One of the latest building trends is in the area of home remodeling. The home remodeling market is beginning to see some light at the end of the tunnel, with builders who normally specialize in new home construction now are turning their focus to home remodeling, kitchen remodeling, bathroom remodeling and other home improvement projects. Bathroom remodeling and kitchen remodeling are tirelessly popular requests in home renovations. Their ability to transform a home and add significant value to any property is always a major advantage, both for sellers and homeowners who want their homes to evolve around their growing needs.
Building additions, gutting old houses to make room for more contemporary, practical layouts and refacing tired kitchens have become the most popular projects keeping many contractors busy. The current trend sees people living in their homes longer, almost thirteen years as compared to roughly eight years only a decade ago. This coupled with the need of baby boomers to outfit their houses for their developing requirements, has created more of a need for home remodeling experts to take the reigns.
Homeowners are also seeking an adjustable approach to traditional house plans. They seek flexibility from the rooms in their homes, with the option of using a room as a guest room, bedroom, home office or theater room. Fitness rooms, home offices and theater rooms are the current leaders in remodeling requests, second to bathroom remodeling and kitchen remodeling. Families desire plans with open, yet defined areas, and private hideaways within the home’s design.
Another impressive example of using old spaces to create newly faced properties are the countless urban areas that are being dramatically transformed. Standstill commercial lots, bygone industrial sites and unused parking lots are exemplary of the well-known green-conscious adage “ reduce, reuse, recycle.” You can call this a part of green building and an effort to make dormant spaces wholly livable for the first time. Often these space showcase ultra modern blueprints, tech-friendly environments and ample energy efficient features. Many industry professionals believe this type of new home construction is leading to a key shift of the geography of residential construction.
For more information about Divisions Unlimited Custom Home Builders, please contact us at 617-365-4311 or email us at firstname.lastname@example.org