Remodelers: "It will die if you don't take care of it."
Remodeling is not dead--but it's a much more modest endeavor these days, when more homeowners are paying the tab out of their savings instead of a cheap and easy home equity loan, according to remodelers. Officials of Case Design/Remodeling, which is based in the Washington area, had some interesting things to say about remodeling in Nation's Building News, an online publication of the National Association of Home Builders.
Their average project now costs about $100,000, half of what was typical in 2007, said Mark Richardson, Case's co-chairman. And they're focusing much of their pitch to homeowners on the need to keep up their properties, pointing out maintenance issues that ought to be taken care of. "It will die if you don't take care of it," is Case's message.
In the past few months I've started to see more remodeling jobs in my neighborhood, including some second-story additions getting underway. How's it looking in your neighborhood?
November 10, 2009; 6:00 AM ET
Categories: Home features , Remodeling and repair , The economy , The market
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