Home Remodel Contractors Prepare for Busy 2016
New research predicts that home remodel contractors in Phoenix and elsewhere might be experiencing a surge in business in the near future. For property owners contemplating a home renovation, that might provide extra incentive to get their project moving soon, so they can beat the rush and avoid encountering longer waits in trying to get on their remodeling contractor’s schedule.
The Leading Indicator of Remodeling Activity (LIRA), released recently by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, projects annual spending growth for home improvements will accelerate to 4.0% by the first quarter of 2016. Researchers attributed part of that anticipated demand to the recent increase in home buying activity. Recent homebuyers often quickly invest in renovations, and tend to spend more on those renovations than the property owner who has had their homes for a while.
Increasing gains in average home sales across the country may also be motivating people to invest in their properties, especially if they have any thoughts of trying to sell the home in the near future.
Property owners who want to get their home improvement projects completed quickly without risking a lengthy wait might be smart to contact their home improvement contractor now, to get the job onto their schedule before their calendar becomes more crowded.
RW Remodeling is one of the leading home remodeling contractors in Phoenix, and we can handle any of type of home renovation project for you.