Researcers confirm that home owners are looking to remodel and stay where they are for now;
Americans To Spend More On Remodeling In '08
Homeowners will spend an average 13 percent more this year on
home improvement and maintenance projects than they did in 2007 reports
Angie's List, a popular home-repair referral service.
According to the service's annual poll, homeowners will spend an
average $11,250 on such projects in 2008. Homeowners responding to the
survey said they plan to spend 2.9 percent of their home's value on
repairs and renovations this year.
The most frequently cited home repair projects are kitchen and
bath updates, areas real estate experts say provide the best return when
selling a home. Other popular projects are landscaping and yard work,
painting, flooring, doors and windows, and decks and porches.
Building experts tell us they're getting calls for work from
homeowners who would otherwise move and put their current home on the
market, but are afraid they can't sell it quickly enough to afford the
newer, bigger house,
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