As your first choice in home additions and remodeling, NJW likes to stay on top of the forecasts and trends regarding home improvements and renovations. The Home Improvement Research Institute has forecasted a 4.3% growth inUS home improvement spending. They believe it is driven by the growth in the economy and improvements in housing.
Home additions and remodeling can be very complex as they often involve everything from new windows and insulation to entire room renovations. We wanted to help you understand the reason for the growth in home remodeling. This forecast is for the value of products sold for home improvement activities and excludes the cost of contractor labor.
Some key factors that are driving this growth in residential renovation:
- New-home start ups are improving and existing-home sales are seeing increases both in numbers of homes sold and in pricesEconomic growth, while still expected to be mild, will help consumers feel comfortable with spending on their homes
- Columbus New Homes being constructed are at a record pace for 2013
- Realtors are reporting multiple-bids and homes selling for OVER list price
- The impact of repairs from Hurricane Sandy is expected to contribute 0.3 to the overall growth rate.
If you find yourself among the people ready to make some home improvements please contact us. We can help you with your custom home remodeling. We will work closely with you to help determine the best way to improve your quality of living while ensuring the maximum return on your investment.
We understand that often you love your current home but you need more space, better functionality and/or a few renovations to make it the perfect home again. Each home is unique and so each detail of your home renovation needs to be carefully examined.
Contact us today! We look forward to helping your family build a better home.
We currently build in Westerville, Worthington, Whitehall, Upper Arlington, Powell, Pickerington, New Albany, Lancaster, Hilliard, Gahanna, Dublin, Bexley, Columbus and all of Central Ohio.