More Home Owners to Fulfill Remodeling Projects in 2014
According to the National Association of Home Builders’ Remodeling Market Index, home remodeling is at its highest activity since 2004.
The demand for home remodeling stems primarily from increased home equity, decent interest rates and consistent home sales. Because homes are selling, home owners feel comfortable in spending their money on remodeling projects which will add value and “spruce up” their homes. These are projects which perhaps had been postponed due to a less-than-favorable housing market in the past few years.
The Market Index suggests that the need for remodeling will continue well in 2014. Remodeling projects can range from room additions and a full-blown kitchen remodel, to fresh paint and new flooring.
With more home owners taking advantage of the favorable market condition and remodeling their homes, it’s time for home buyers to start searching for a new home, and for home owners to start considering listing their home. Inventory is still low and it is a great time to sell. Mortgage rates are still very low and it is a great time to buy. If you’re looking to buy or sell a home in Danville or the surrounding areas, contact the real estate professionals of Zwahlen Team, who specialize in this area.