The Best Investment Homeowners Can Make in This Economy, Five Reasons to Remodel Now
There has never been a better time to remodel than today's buyer's market. Homeowners who delay home improvement projects may miss out on the opportunity of a lifetime when it comes to savings, efficiency, and personal attention from builders.
San Francisco, CA (PRWEB) May 15, 2009 -- It's the best of times for consumers, and the worst of times for builders and remodelers, NAHB chief economist David Crowe announced to the New York Times. By now, most homeowners already realize that the moment is ripe for remodeling, and what better time of year to get started than National Home Improvement Month?
Kate Luna Ostaseski is one such homeowner. She saved $5,000 on a recent remodeling project, which would have cost her 63% more last year and taken twice as long. "I got estimates last year for 8k. The contractors told me that it would take 1 month to complete. This year, the project will cost me about 3k and took 2 weeks!" Kate says. Kate used CalFinder to be connected with reputable remodeling contractors. "I got multiple estimates and the contractors were incredibly responsive and showed up every day."
Five Reasons to Begin Your Renovations Now:
| | - Record-low building material costs -- with fallen prices for structural steel, plywood, and lumber and overall construction costs dropping up to 20%. Materials account for 33% of overall cost.
- Thousands of top-notch builders who were once too busy to help homeowners with small and mid-sized projects are offering hands-on, personal service - at a discount.
- Remodeling upgrades are still earning consistently high rates of return, and when real estate prices shoot back up, homeowners will be set to cash in. Midrange and upscale wood and vinyl window replacements account for four of the top 10 projects with the highest paybacks, earning just under an 80% return on investment, with kitchen remodels earning around the same at 79.5% for a minor remodel and 76% for a major remodel.
- Remodeling is quicker than ever before, with building professionals offering their full services to one project at a time, getting work done ahead of schedule.
- Millions of dollars just went into Obama's stimulus package, providing rebates to homeowners for energy efficiency upgrades. For instance, energy efficient windows that have a U-factor and solar heat gain coefficient of less than or equal to .30 earn a 30% tax credit on the purchase price.
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Read a full article on the topic here: FIVE Reasons Why Now's the Time to Remodel
About CalFinder
CalFinder is a nationally recognized industry leader in making the process of finding a high-quality, reliable contractor as simple as possible. CalFinder uses information gleaned from personal interviews with homeowners to match their specific needs with top-notch contractors. Throughout the process, CalFinder provides project monitoring and ongoing customer follow-up to ensure complete customer satisfaction, giving clients and homeowners the added benefit of personalized service.
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