Category Archives: Home Improvement Projects

The Upsurge in Canadians Home Improvement Projects

Canada’s home renovation projects have now increased to over one million dollars. This comes as no surprise for city residents and agents who have seen a significant rise in pricing of such projects in over seven years. With the soaring interest rates, investors are now scared of borrowing more.

 

 

According to the Bank of Montreal, the moderation that was seen back in 2015 to 2016 is now on a constant rise. Expenditure on renovations was rated at 10 percent within the final three months of 2017, which is a rise compared to the previous year. Such a high is sending home improvement back to the recession era when the government used to fix up projects using the special tax credit.

 

 

The Renovation share

 

 

If you equate the home improvement projects to the share of total money spent on Canadian real estate, you will see an upward trend, given that ownership rates have improved significantly. Also, new housing construction now makes an even bigger component from the expert’s point of view. Renovation spending by professional contractors now peaks at 49.5 percent of the residential investments from the 43.2 percent in 2014.

 

 

The trend is projected to continue, given the long-term trend that reflects limited development space in bigger cities and an aging population. According to Kavicic, a real estate developer and home improvement manager, if you are in search of a decent lot, then you should start thinking of renovating an old house.

 

 

In the past few months, the Bank of Canada announced that it was cutting its interest rate down to a quarter of a point to 0.75%, which further decreased the interest in the form of debt and along the lines of credit. Real estate is an important aspect of the economy, and if the Canadian government doesn’t enforce legislation to govern such an upsurge, then there is bound to be a problem within the real estate niche.

Effects of the Housing Market Recovery on Home Depot Inc.

Recent retail earnings have undoubtedly proven that the market out there is tough. In fact, a sluggish economic recovery coupled with increased e-commerce competition has led to various mixed outcomes, especially for some of the top companies in brick and mortar retail. Nonetheless, the home-improvement retailers seem to be non-affected by the situation.

 

Since the 2008 economic crisis, the housing market has displayed a steady recovery. This recovery is well depicted by the continued recovery in home prices and growth in construction activity. According to the Wall Street Journal, the increased home prices can provide homeowners with the necessary equity to spend on appliances, cabinets and floors. The higher home prices and lower home inventories may cause most home sellers to spend more on home improvement in a bid to cash more money on their asking prices. Alternatively, potential home buyers may opt to remain at their current residence by renovating as opposed to house hunting.

 

Stakeholders are anxious to see if the economic backdrop will affect Home Depot Inc. when it announces its first-quarter results. During the first quarter, Home Depot is anticipated to report $1.61/share from $1.44 in Q1 2016. The management at Home Depot projects comparable store sales at 4.6% for the rest of the year. During the unveiling of the first quarter results, analysts are expected to focus on how the comp store sales rank up against the management’s estimations. Additionally, analysts are likely to look at the growth of the company’s professional business.

 

Home Depot’s Plans

 

During the previous quarter, Home Depot unveiled a new $15 billion share repurchase program. In fact, the company claimed that it would repurchase about $5 billion worth of assets in the first quarter. Also, the management unveiled the opening of just six stress during the fiscal 2017. This number is small compared to the numerous stores Home Depot currently operates. As a matter of fact, Home Depot had 2,278 retail stores across the US and some international markets. According to the results on the options side, traders have priced close to a 2.5% potential stock in either direction, which is around the Home Depot’s release of its earnings.

https://www.forbes.com/sites/jjkinahan/2017/05/15/will-home-depot-earnings-benefit-from-the-housing-sector-recovery/#a41778e16be7

 

The Home Improvement Trend

Many people today are making investments in their home as the housing market continues to improve. There are some people who believe that this is a trend that is here to stay. With the housing market booming in price in a lot of areas, this is one of the best ways that you can improve the value of your home. As the amount of home equity continues to increase, now is the time to make the improvements that you have been wanting to.

 

 

Kitchen

 

The kitchen is the most popular place to remodel in a home by far. With all of the different options in this area, there are a lot of people who are excited about the changes that are going on with new technology. This allows you to make an installation in a short period of time. Not only that, but you can start to invest for the future value of your home as well. Granite tops are one of the most popular upgrades in a kitchen. Not only that, but many people are adding nicer floors as well.

 

 

Next Steps

 

In the coming years, a lot of people think that the housing market is going to continue to boom. This means that home improvement is going to play an increasingly larger role in this area. Start planning to make your home more inviting and beautiful today.

 

Are More People Taking on Home Projects?

If you’re a homeowner, you know the frustration of having something break down or need repairs and not knowing where to go for help. Sure, you can hire a repairman to come into your house and take care of the problem, but this can cost you a lot of money, especially when you consider the likelihood that up-selling is taking place. Nowadays, you’ll find that most homeowners try to do their own home projects in order to save money.

 

This is an ideal way to go about doing things because not only will it save the owner a substantial amount of dough, but it will teach them the basics of home maintenance and repair so that they feel confident dealing with these issues whenever they surface. Obviously, there are going to be certain jobs that you might not want to do on your own. If it has anything to do with electric or something that could be dangerous if repaired or installed incorrectly, it’s best to leave the work to the professionals.

 

Another reason so many homeowners are doing their own at-home projects is because there are a variety of books and videos on the subject. If you need to know how to repair a plumbing line under the sink, there are literally hundreds of videos you can watch before you even attempt to touch the line. This is great for those who have never done a particular project before and just need to know what they’re doing before getting started.

 

3 Home Improvements To Boost Your Home’s Resale Value

Making home improvements can be a great way to boost a home’s resale value, but not all home improvements will actually boost the value of your home as much as you might think. In fact, most realtors advise against doing major renovations prior to selling a home. If you want to remodel a kitchen or bathroom for your own benefit, that can be a great investment. If you are looking to boost the resale value of your home, however, here are 3 great home improvements you can do that are more likely net you a better return on your investment.

 

  1. Energy efficient windows and doors

 

While new home buyers might be likely to want to rip out a kitchen that doesn’t fit with their own design aesthetic no matter how new it is, windows and doors are fairly standard and generally survive most transitional renovations, making them a good investment to boost resale value.

 

  1. Flooring

 

If you already have hardwood floors, having them refinished will go a long way towards boosting the value of your home. If you have carpeting, however, consider ripping it up and installing bamboo or laminate floors instead.

 

  1. Refresh paint on front door and trim

 

Unless your exterior paint is in extremely poor condition, you don’t want to have the entire exterior repainted until it really needs it. A little fresh paint on the front door and trim, however, will go a long way towards giving your whole home a fresh new look.

 

Popularity of Home Improvement and how Companies Take Advantage (Or Not Take Advantage)

http://www.huffingtonpost.com/entry/homeadvisor-study-reveals-spike-in-home-improvement_us_59123fb3e4b07e366cebb6e6

 

Home improvement will always be a necessary evil as homes and other realty are guaranteed to depreciate in value in at least one aspect, usually a multitude of reasons. Amount spent on home improvement, per person that reported making home improvements, increased from an average of $3,288 in 2015 to $5,157 in 2016, according to recently released statistics from Home Advisor’s true cost report for 2017. Many handy moms and dads take on home improvement projects on their own, with family, alongside children, etc. because the instant gratification of finishing improvement projects can be highly rewarding.

 

However, many homeowners seeking home improvement contract a group of remodeling and construction workers to lighten the physical and mental burden of homeowners. Renovating homes is hard work, forcing many homeowners to pay money to third parties to remodel homes and other realty. Unfortunately, some contractors are not up to par and may even skip out before completion and finalization of a contracted job.

 

Travauxlib is a third party agency that con

nects contractors with homeowners in need of home improvement. There are countless solo, small team, and corporate-level construction entities, but it proves difficult for homeowners to rest assured in their level of competency. Travauxlib guarantees contractors will complete a job up to your standard or hire another team until standards within reason are met.

 

Home improvement is undoubtedly a physically demanding, mentally daunting task, barring the gratification that comes after completing remodeling tasks. Travauxlib is a company that saves sweat and worry over home improvement.

 

Granite: A 2017 Trend to Watch in Michigan

At the Novi Home and Garden Show near Detroit this year, vendors are hoping that the recovering housing market will mean increased business for 2017. Representatives from the regional Home Builders Association proudly announced that the number of exhibitors participating this year had climbed to 270, a figure that had not been reached since 2004.

 

According to a late April article published by The Detroit News, one of the exhibitors getting significant attention was the Eco Granite Group, a company that specializes in recycled granite solutions that can be used for interior and exterior purposes. Recycled granite tends to be slightly uneven, and thus many homeowners choose it for summer kitchens and fire pits. This year, however, the Eco Granite Group introduced a novel back splash for kitchens or wet bars. What makes this back splash unique is that it incorporates decorative LED lighting with color changing options that can be selected via remote control.

 

The granite vendors reminded visitors that once professional installers complete a project involving natural stone materials, they will immediately proceed to clean, seal and polish the surfaces. Once this initial treatment is completed, homeowners should focus on cleaning frequently; this is what will help keep the sealing and polished finish for as long as possible.

 

The idea of cleaning granite surfaces is to avoid leaving particles and spilled substances from breaking down the sealant. Cleaning should take place immediately in case of spills. A granite kitchen counter, for example, should be immediately wiped down if a soft drink spills onto the surface. Dust, dirt and food particles left on the surface of tiles could eventually wear down the seal and create a permanent stain.

 

In general, clean tap water and a mild detergent applied with a non-abrasive sponge will be sufficient for periodic maintenance. For heavier spills and stubborn stains, you may want to add baking soda.

 

 

Homeowners Use Seasonal Home-Improvement Projects to Boost Property Values

Even a modest residential property can be a considerable financial asset and many homeowners are using seasonal upgrades and home-improvement projects to enhance the market value of their homes. Even relatively simple projects and upgrades can make a noticeable difference in market value and allow owners to better protect themselves from any fluctuations the real-estate market may experience in the days ahead. From simple cosmetic upgrades to the equipment and installation services needed to create a more sustainable and energy-efficient household, there are a variety of seasonal renovations and home upgrades that can make a real difference.

 

Creating a More Attractive Home

 

Homeowners who fail to make basic upkeep a priority may be left with a property that looks run down, faded or shabby. While more ambitious home upgrades often entail considerable time, effort and finance, even the most basic home-improvement efforts may be enough to positively impact property values. Painting a door, replacing faded window screens or undertaking a basic landscaping project are all effective options for households who are seeking to enhance the appearance and curb appeal of their home. Taking advantage of the less extreme temperatures and weather conditions that typically occur during the spring or fall can provide homeowners with the perfect opportunity to tackle any number of renovation efforts and simple cosmetic upgrades.

 

Benefits of a More Sustainable Home

 

Replacing older model appliances with more energy-efficient equipment is another great way that property owners may be able to protect and enhance the value of a home. Concerns regarding the environment and the chance to ensure lower utility and electric bills are issues that are driving greater numbers of homeowners than ever before to invest in a more sustainable household. From investing in solar screens and double pane windows to the installation of a more efficient HVAC system, opportunities to enhance energy-efficiency are often among the most rewarding variety of tips and ideas for those seeking to boost their property’s value.

 

More People Getting Home Improvement Projects

More homeowners are opting to get home improvement projects done. LightStream, which is a division of SunTrust, recently took a survey and asked people if they wanted to get their home renovated. They found that 59 percent of homeowners plan on completing a home improvement project in 2017. Forty-two percent of people plan on spending over $5,000 on a home improvement project. Twenty-three percent of homeowners plan on spending over $10,000 on their home improvement project.

Outdoor renovations are the most popular home improvement project. In fact, forty-one percent of homeowners plan on getting an outdoor renovation. Thirty-two percent of homeowners plan on making home repairs. Twenty-eight percent of homeowners plan on making bathroom renovations. Additionally, twenty-four percent of people plan on making kitchen renovations.

While it is common for people to use financing to pay for their home improvement project, the survey showed that 60 percent of homeowners said that they will use their personal savings to pay for the project. Twenty-nine percent of homeowners plan on using a credit card to pay for their home improvement project.

Seven percent of people will use a home renovation loan. Six percent of homeowners will use a liquid investments to pay for their home improvement project. The survey also showed that more millennials are renovating their home. Sixty percent of millennials will renovate their home this year. The number of millennials getting their homes renovated has increased by 25 percent since 2014.

Home renovation has a number of benefits. Renovating your home can increase the curb appeal and value of it.