The days of the economic recession are over, and this is readily apparent in the home remodeling field. Harvard’s Joint Center for Housing Studies released a report in 2018 saying that spending on home improvements was expected to rise across 50 of the nation’s largest metropolitan areas throughout the year. Projected increases have ranged from 5 to 10 percent or more depending on the particular metro area.
The kitchen is a perennial
favorite when it comes to rooms to remodel since it offers a plethora of things
to upgrade with flooring, appliances, cabinetry, fixtures and countertops. The
kitchen is also renown for being the best return-on-investment room to remodel
since improvements to this room are most likely to increase the home’s value.
One side effect of this
growth in home improvement spending is that luxury is making a return to
kitchen remodeling projects. Nowhere is this more evident than in the choice of
countertops. In 2010, at the height of the recession, some home remodelers
reported that laminate countertops outsold granite and quartz varieties by a
wide margin. By just a couple years later, however, high-end countertops made
from granite, quartz and other premium materials were on the rise.
Few items in a kitchen
make an impression like a high-quality countertop. As a current homeowner,
you’ll enjoy using it on a daily basis, and when the time comes to sell your
home, prospective buyers will definitely notice such amenities.
remodelers should incorporate the realities of better economic times into how
they do business. Instead of immediately asking a customer what their budget
is, they should focus on value by first ascertaining exactly what the homeowner
is looking to achieve and show them all of their options. If brand new
cabinets, an extra pantry or high-end countertops will bring the customer
sufficient enjoyment and a boost in home value to make the price worthwhile,
then they may wish to obtain financing, so they can afford to have the work
done. Smart home remodeling companies, such as Kitchen Krafter in Ocean
Township, New Jersey, show potential customers all of their options and have
pricing to fit all budgets.
Remodelers should also
plan for serving homeowners who may have had high-end countertops installed 10
to 20 years ago. These countertops might still be in good shape. After all, the
fact that quality countertops stand the test of time was undoubtedly one of the
big reasons they had them installed in the first place. Even if they decide to
keep their countertops, they may want to have their older cabinets replaced in
order to update the look of their kitchen. As a home remodeler, you should be
eager to do this and to also offer high-end cabinet refacing as an option.
With a good economy, home
remodeling work has never been more in demand. If you’re a homeowner who likes
your neighborhood and the schools where you live, you might want to update your
existing home rather than try to get what you want by buying a new house. You
may want to contact Kitchen Krafter if you live in the Monmouth County area and
discover a world of design services and quality products that can transform
your kitchen or other room in your home at a price you can afford.