Home Owners Still Remodeling, But Watching

Home Owners Still Remodeling, But Watching

Costs

Interest in remodeling remains high, but home owners are more conservative about costs in light of declining home prices, a survey of 5,000 U.S. home owners by Remodelestimates.com found.

The Web site, which provides information on home remodeling trends and costs, found that of the home owners, who were all contemplating remodeling, 16 percent plan to use economical materials, up from 8 percent in 2006.

Home owners who plan to do some of them work themselves rose from 60 percent in 2005 to 64 percent in 2007.

Home owners who don’t plan to hire a general contractor rose from 25 percent in 2005 to 36 percent in 2007.

By REALTOR® Magazine Online

Previous articleFTC Staff Files Mortgage Disclosure Comments With Banking Agencies
Next articleHUD reports drop in number of chronically homeless persons living on nation’s streets