More Than $300 Billion to be Spent on Remodeling and Additions by Early 2017
A new study is predicting that 2017 will see American homeowners once again spending big money on home renovations and upgrades as the housing market continues to stabilize and grow in many areas. The main reason for this is that equity is growing in the real estate — primary homes and investment properties — which means there is available cash for upgrades.
The types of projects expected to dominate the surge include the usual suspects; bathrooms, kitchens, additions and outdoor living spaces, like decks and patios. Other upgrades — which have likely been put off until a brighter financial day arrived — include new windows and doors, roof replacements, siding and HVAC systems.
The author of this article on the matter, is expecting the increase in spending to be around 8 percent by early 2017, which would be more than 3 percent above the historical average. To read all about the wave of home improvement spending that is anticipated, click here.
MTB Windows & More specializes in window and door upgrades, while their parent company Mt. Tabor Builders, Inc., handles custom building projects. To schedule a meeting to discuss your project, contact us today. We serve residents and business owners in the Hagerstown, Greencastle, Martinsburg and Frederick areas.