Although the economic downturn stalled real estate transactions, one surprising development is that homeowners are spending more money on remodeling projects. When you think about it, this occurrence makes sense. Homeowners who cannot afford to move to a new home may decide to stay put and spend money making their current homes fit their dreams. Additionally, homebuyers can get great deals on existing homes and do a little work on the interior to make it exactly the way that they want it to be.
According to the Wall Street Journal, homeowners spent $130 billion on remodeling projects around their homes in the past year. These numbers indicate a fabulous opportunity for workers who are involved in the home improvement industry. Those who can make homeowners’ dreams a reality can cash into this pool of extra money and help their clients’ dreams come true.
Minor Kitchen Remodels Make Sense for Families
Kitchens are one of the most commonly remodeled areas of the home. Families spend hours in the kitchen, and most people want their kitchen to be a reflection of themselves and their lifestyles. Additionally, minor kitchen remodels are a great way for “do-it-yourself” homeowners to add new life to their homes. Handy homeowners can add cheerful color to their walls, install pretty tile backsplashes, re-paint their cabinetry, and hire a company like Granite Restorations to add new, beautiful countertops.
These cosmetic changes can make a kitchen look brand new for thousands of dollars less than a full remodel. Additionally, these changes can be accomplished over a period of just a couple of weeks, and won’t disrupt busy households like a full kitchen overhaul will. In these projects, there will be no demolition of the existing kitchen, no piles of trash to be hauled to a landfill, and no weeks of eating microwaved food out of the living room because the kitchen is a disaster area.
Kitchen Remodels Give Great ROI
Another reason that kitchen remodels are on the rise is that minor kitchen remodels give homeowners a fabulous return on investment. According to Houselogic, minor kitchen remodels gave homeowners over 100% return on investment over the past few years, adding to the value in the home, and putting money in the homeowner’s pocket at the time of the home sale. Homeowners are savvy consumers, and they don’t want to pour thousands of dollars into a project that won’t pay them back in the long run. Minor remodels, such as installing nicer countertops, repainting cabinetry, and adding new appliances are much more cost effective than the “dream kitchen” projects.
If you want to cash in on the money available in the home improvement industry, call Granite Restorations today to learn about becoming a Granite Restorations franchise owner. Granite Restorations can provide you with a time-tested business model, a reliable business network, and plenty of handholding while you are getting started.
