Obviously we have a vested interest in folks calling for remodeling at any time...but, let's take a look at a few reasons why remodeling now, may make more sense than you think.
First, money...for the first time ever 30 year mortgage rates fell below 4%, many credit card rates are hovering around 10%, home equity loans at 2%, unsecured loans at 8% and so on. CHEAP money! An old axiom in college was never use your own money, with these rates it never made more sense to use the other guys!
Second, home value....for many around the country values have dropped by double digit percentages. Here in St. Louis, we've been fairly lucky and have avoided huge drops, but most experts agree you must 'value add' to your home every 10 years. This, along with the cheap money, makes now the most sensible time to improve.
Third, prices...with the flat economy, much of the building product industry has held pricing. This WILL NOT last much longer. There is an enormous amount of money in the market held by folks just like you and when the dam breaks there will be a flood to new homes and remodeling. This demand will put a strain on supply and prices WILL go up.
Fourth, energy savings....new windows, doors and siding technology has made these products almost 'super effecient' and will add to energy saving. Not only good for the pocket book, but the environment as well.
Lastly, most folks overlook the utility of remodeling. Not only will the remodel increase your property value, but will add to your personal comfort. These two factors are why remodeling returns such a high value at time of re-sale.
Just like refinancing makes all the sense in the world, so does remodeling. We doubt you will ever have all these factors in your favor again, at least not in our lifetimes. Don't wake up 10 or 12 months from now and say to your self....'I wish I had re-done my kitchen when those prices were that low'!
Dalco, Kitchen Remodeling and Refacing, Bathroom Remodeling, Roof Replacement, Replacement Windows and Doors, Siding and Insulation.
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