The National Association of Home Builders reports that remodeling of kitchen and baths is booming.? Based on a current survey, home remodeling has experienced a?huge?increase over 2010. Bathroom remodeling jobs have an edge over kitchen remodeling projects maybe because the price of a kitchen remodel is usually greater than a bathroom remodel.
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The trend of increased home remodeling may be related to many factors. Two possibilities are:
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Homeowners are choosing to stay in their houses longer.? This choice indicates that instead of moving, homeowners are electing to remain in their current house, remodel it and appreciate it.
There have been many reports of a lack of housing inventory in recent months.?We have seen?housing inventory remaiings very tight all through the state and at levels severely below normal market conditions. This is attributed to many homeowners being under water and being able to sell until prices rise.? Louisvile real estate trends are becoming very clear. It is a fantastic time for you to buy a home ? but there needs to be a home on the market to buy!
Homeowners are discovering ? or it is being suggested to them ? that they update the look of their home prior to putting it on the market.? Increasingly more home sellers are updating their house to help it compete in the real estate market.?This is yet another?of the Louisville?real estate trends and?could imply more than just "home staging".? It could imply that replacing old-style construction components will help in the sale of the home.? Purchasers are searching for that sleek, updated look.?
Source: http://jmorganrealtor.com/louisville-real-estate-trends/louisville-real-estate-trends/
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