The numbers are in, and it’s official: the return-on-investment for home remodeling projects of all kinds is skyrocketing! Quality residential construction leads are one positive result of the remodeling boom. This increase in remodeling work is accompanied by an upswing in demand for residential construction specialists and home improvement project coordinators.
According to Remodeling Magazine’s annual Cost vs. Value Report, all 35 home remodeling project categories show an upturn in dollars recouped. More and more homeowners are realizing that their home equity comprises a larger portion of their net wealth than their stock or mutual market fund holdings. It’s only natural that they would wish to improve that investment, so home remodeling is a no-brainer. Siding installation, garage door replacement, entry door replacement, deck additions, attic bedrooms, and minor kitchen remodels are tops when it comes to recouping the homeowner’s remodeling costs.
This year’s report is welcome news for the building industry. Lagging economic recovery has dogged the industry for years now, but one of the biggest issues for builders has been the weather. Dramatic and unexpected weather conditions impacted builders’ ability to execute home remodeling projects. Exterior projects were interrupted by prolonged adverse weather conditions, but even interior projects were slowed down due to labor and material delivery delays.
On the other hand, this weather has driven homeowner demand for remodeling and created a high demand for quality construction professionals. The last few years of wildly inclement weather have encouraged homeowners to replace their roofing, siding, and windows and to install backup generators. This comes in addition to the conventional remodeling work that begins in spring but has been pushed back, nationwide, because the season started late. Industry-wide there is a tremendous backlog of remodeling work to be done. This backlog has created an even higher volume of quality leads and enquiries. True to form, HBW is on top of these trends, helping building professionals locate quality, job leads as soon as they are available.