Improving housing market may lead to increase in remodeling
Posted on Monday, July 23, 2012 at 5:40:14 PM
As more people purchase property, remodeling will see an increase in activity. According to experts at Hanley Wood, the majority of these projects are undertaken in the first few months of homeownership. Then, as time progresses, the number of improvement projects completed by homeowners significantly decreases.
Home remodeling can drastically improve the value of a property. Consider applying for a Title 1 Home Improvement Loan from Home Loan Investment Bank to take advantage of the recovering real estate market.
"Improving markets indicates that house prices have probably begun to recover. Financing might be more available in those markets. Consumer confidence in the economy and employment growth have begun to improve - [all of these things are] are important for remodeling," Kermit Baker, director of the Remodeling Futures Program at Harvard University, told the news source.
The housing market is advancing, and with it comes the opportunity to make stronger investments such as home improvement financing to strategically increase the value of a property.