Finally, Some Good News for Remodelers

There’s a lot of positive news in Qualified Remodeler’s September 4th Weekly Market Overview. First, according to data from ServiceMagic.com, remodeling (versus repair and maintenance) requests are on the rise, especially among those in homes valued between $200,000 and $300,000. And, equally interesting, is that baby boomers (those in the 45 to 64 age group) are the ones making those requests. Interest is rising in kitchen and bath remodeling. And consumers are intent on increasing the entertainment value of their homes with the purpose of staying home more. (Remember our discussion of cocooning several months ago?)

And the biggie: According to Qualified Remodeler, “Homeowners plan to tackle small projects, keeping with the Q1 trend, with the intent to head into large-scale remodels in early 2010.”

Be cautiously optimistic, fellow remodeling professionals. Plan ahead and be ready. There is still a major issue in remodeling. That is how homeowners plan to finance their improvements. With home values down, the spigot has been turned off on their home equity lines.

Personally, we are already seeing more calls in our own remodeling business. Projects are still smaller but more and more, people are thinking about larger projects.