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Friday, March 12, 2010

State of the Remodeling Industry Address

In today's environment, it is tough to get financing for adding a huge family room addition on the back of your house. However, an addition to bring aging parents home, rather than them moving into a nursing home, is a great idea. There are usually funds made available after the sale of your parents' home to help the financial aspect of the project.

The remodeling market has changed over the last year, and homeowners are now realizing that they need to keep their homes "alive," which means keeping up with items that need to be replaced due to age, such as; rotting wood, windows, doors, shingles, and HVAC systems.

Our clients know that keeping kitchens and bathrooms up to date is also a good idea. It is always nice to do the work so your family can start enjoying the new spaces sooner rather than later. Plus, much like your car and other things, wiating to perform the work will end up costing you more.

Studies show that 90% of falls happen in the bathroom. There are many new products available to make bathrooms safer and update their looks. Homeowners are alos concerned about saving water and updating the lighting, so we have performed quite a few bathroom renovations.

Many clients are performing what we call, "Green kitchen facelifts," where the existing cabinets remain, or are painted, and energy efficient appliances, lighting solid surface countertops, sink and faucet are added. Our clients are delighted with the updated look and feel good about the energy efficient appliances and reducing water consumption.

Everyone is trying to be smart with their money and we are seeing a big increase in clients concerned about the energy efficiency of their home and having MVP come in and perform a home energy performance audit and then having our company add the insulation in the attic, seal the holes in the walls and make the repairs that make your house more energy efficient. We are also hearing that a "Cash for Caulkers" program is in the works, this would increase the tax credits available.

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