For the third year running, remodeling projects are on the rise. Whether due to a change in values or the inability to sell their houses, more and more homeowners are choosing to stay put and invest in projects that will improve their quality of life at home.
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The market for home improvements is heating up. Despite an economy that still precariously teeters on recession, home improvement jobs have steadily increased by an average of about 10%, according to a recent BuildFax Index report. Instead of moving, more homeowners are opting to upgrade their current homes.
Why?
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Summertime. Iced tea, the stack of good reads, the irrational but seemingly justifiable excuse to practice lazy grooming. We get it. Summer is a time for rejuvenation, kicking back, and possibly that long-envisioned travel to faraway lands. Summer = chill.
But don’t sell yourself (or your dwelling) short by too many days lazing about. If you’re daydreaming on your hammock about a better living space, then consider taking action before the good weather slips into precarious fall. Consider that now is the ideal time to complete some home renovations.
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With two-thirds of Americans expected to complete home improvement projects in 2011, one has to wonder: how worth it are renovations?
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As you may have noticed, the remodels with the greatest return often come at the highest price tags.
Window replacement, for instance, costs an average of $11,066, bathroom remodels go for $16,634, and minor kitchen renovations ring in at $21,695. If you lack the cash up-front to cover materials and labor, how can you afford the work your home needs this year?
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