Salt Lake City, UT (PRWEB) January 2, 2007
RenovatorsPlace.com, an online home improvement resource, provides comprehensive information to help homeowners evaluate how to get the best value for their home renovation dollar in the New Year. As sales continue to slow and home values continue to dip, smart homeowners are seeking out well-timed projects that enable them to stay in their home and recoup the cost of the home improvements they have made.
"If you're planning to do home improvement projects for the New Year, start now to interview contractors," said Allison Beatty, founder of RenovatorsPlace.com, a premier online home improvement resource. "Many contractors are not as busy in January, which means you often get a quicker estimate and an early start date."
This year, home improvement projects that improve energy efficiency and updates to kitchens and baths are expected to remain popular. Consumer Reports advises that homeowners seek out at least three bids before hiring a contractor. RenovatorsPlace.com (http://www.RenovatorsPlace.com/) provides a one-stop source for qualified contractors, making it easier to solicit multiple bids.
Even with rising interest rates and falling prices, equity continues to drive the renovation market. Over the past two years, American homeowners took nearly $700 billion of equity out of their homes and Business Week estimates that a third of that was spent on home improvement projects. Homes that have been remodeled tend to sell for more money, so owners who plan to sell in the near future may undertake renovation projects as an investment strategy.
RenovatorsPlace.com (http://www.renovatorsplace.com/) is an online home improvement resource that provides tips, articles, and local contractor directories. It features interviews with homeowners and photos of their real remodeling experiences.