While the housing market slows, many homeowners look at their existing home as a great place to spend money, rather than building or buying a new home.
That means opportunity for home builders who are currently struggling in the slow housing market. Home builders have often looked at remodelers more as the “handyman” type, and not as sophisticated.
Remodeling is often more complicated and requires more experience than building new, due to the need to mesh the existing structure with the new construction.
Now that many homebuilders are looking for work, the remodeling market remains strong, and those homebuilders are finding that remodeling is a great place to jump in.
Homeowners are realizing that one of the easiest ways to increase the value of their home is spend some money redoing kitchens and bathrooms.
Whether the owner is planning to remain in the home for many years, or hopes to sell the house, the enjoyment and value created by a well planned remodeling project can pay for itself very quickly.
Home builders are finding that their familiarity with the newest trends in home construction is appealing to the homeowners who have been living in an outdated home, and are ready for an update.
Luxury features such as granite countertops, farmhouse sinks, pot filler faucets, and bamboo flooring are all design trends finding their way into the newly remodeling houses.
One place where money is not considered to be money well spent is on swimming pools, hot tubs, and media rooms.
While these may bring the owner plenty of enjoyment, when the time comes to sell the home, prospective buyers may not see the value, and in fact be turned off by the expense of maintaining pools and hot tubs, and media technology changes so rapidly that it could be out of date in just a few years.