Houston, TX -- (ReleaseWire) -- 02/21/2014 -- Latest statistics show that Americans are seen to be spending more on remodeling new bathrooms and kitchens as compared to other rooms in their house. This is within the observed rate of higher home remodeling than home purchasing.
With the price of real estate residential properties rising, many homeowners see home remodeling as the next best thing to home purchasing. In fact, the US already spent an approximate amount of $310 billion on home remodeling alone in 2013. This is significantly higher than the 2011 expenditure of $276 billion for the same purpose.
Paul Ermath, a researcher of the National Association said, “We think there will be some solid growth going forward. This is due to the fact that the percentage of home values continues to increase, and so lenders are more willing to loan home improvements rather than acquisition of a new property.”
“One of the things that drive this situation is the increasing number of home equity folks who can borrow against,” said Kermit Baker, with the Joint Center for Housing Studies at Harvard University. “Homes that are underwater on their mortgage are very difficult to do a remodeling project. It is now easier to justify a home improvement project.”
He added, “Almost 30 percent of [remodelers’] revenue now is coming from projects where environmental sustainability is a stated objective.”
As seen in the records among American households, they are much willing to renovate their bathroom and kitchen as compared to other rooms. Moreover, they are willing to spend more money on energy-saving upgrades like new doors and windows. Americans also look into more cost-saving alternative for heating and air-conditioning systems.
With the high rate of homeowners opting for home remodeling, it is now understandable why many companies have invested in loans, demolition, and home renovation. In fact, one of the most respected companies in the industry is the Texas Allied Construction and Demolition.
About Texas Allied Construction and Demolition
Since 2007, Texas Allied Construction and Demolition has provided dependable, high-quality home improvement services to homeowners throughout Greater Houston. Founded by veteran contractor Joseph Davenport, the licensed, bonded, and insured general contracting company quickly established a name for itself as Jody’s Remodeling.
As showcased in their official website, “We are proud of the reputation that Jody’s Remodeling has built for delivering the kitchen and bath remodeling services people want; that is why we continue to operate with our original name, in addition to the name of our corporation, Texas Allied Construction and Demolition.”
For more information about the company and the services that it provides, visit its official website at http://texasalliedconstructiondemolition.com/.