Category Archives: Home Improvement Trends

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.

Home Improvement Trends

The housing market is booming in many areas of the United States. Many buyers are having trouble finding real estate property to invest in. With this change, some people are deciding to stay put and just upgrade their current home. With all of the hassle involved in moving, this seems like a viable option for many people. The home improvement companies are repotting record sales and earnings with all of the economic activity going on in this area. Now is the time to look at home improvement trends if you want to do this yourself.

 

 

Home Equity

 

If you do not have the cash on hand, one of the best ways to deal with the cost of repairs is to access the home equity that you have. This type of loan generally has a low rate of interest that you can roll back into your mortgage payment. Now is a great time to look at options in this area. Few people have thousands of dollars to spend to upgrade their kitchen. However, many people can pay several hundred dollars per month to get that work done.

 

 

Future Trends

 

In the coming years, people are going to be more willing to invest in their homes. There are several reasons for this. The rise of smart homes is a trend that is going to continue in the future. This is where you pay more upfront but save money over time with things like electricity and water.

 

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.

 

Is It a Good Idea to Repair a Home Before Selling It?

If you’re about to put your house on the market in the hopes that it sells quickly and for top dollar, you might want to consider doing some home repairs first. Home repair work can significantly help with the sale of your home, making more people interested in it so that you can sell it quicker. The problem a lot of people have nowadays when it concerns the real estate market is the length of time it takes for the average home to sell. It’s not uncommon for a typical home to sit on the market for a year or two before someone comes along who’s finally interested in buying it.

 

When doing home improvement repairs on a house that you’re selling, there’s no reason to go overboard and spend more money than you should. This is a huge mistake many homeowners make when trying to improve the look of their home just to sell it to the most viable buyer. If you invest too much money into the house before it’s sold, you might be losing some dough in the long run because you won’t get it back when you actually find a buyer. While there are many people out there willing to purchase fixer-upper properties, more and more families just don’t have the time or money to invest in fixing up a house, and they’ll be looking for properties that are better managed and don’t need a ton of work just to get them to look their best.

 

Lowe’s Planning To Lay Off 2,400 Workers

A Lowe’s retailer in Mooresville recently announced that the company will be laying off workers in the country. There are Lowe’s stores located in Mexico and Canada. However, the layoffs will only affect people who are living in theUnited States. The spokesperson stated that vice presidents, customer support representatives and distribution center workers will be among the people who are laid off from the store.

Dave Faherty is an employee who recently found out that he will be getting laid off soon. He stated that the news was shocking. Dave’s manager was also laid off. He stated that he will miss his manager and the people he worked with. Additionally, he also said that he formed friendships with the people he worked with.

While many people will be negatively-impacted by this layoff, the store plans on making some positive changes in the future. Lowe’s is planning on opening 15 to 20 more stores in the United States. This will create over 4,000 jobs.

Bob Hull who is the current CEO of Lowe’s, will be retiring soon. Marshall Croom will be taking Hull’s place. He has worked for Lowe’s for almost two decades.

Lowe’s sent a letter to the employees saying that the layoffs were necessary in order to prepare for the future changes. They are hoping that the changes will help improve customer service experience.

Minimalism: The Most Interesting Home Improvement Trend of 2017

A series of lifestyle articles published in 2016 about life in Japan are influencing Americans to decorate their homes with less. Getting rid of clutter and learning to live with minimal furniture and personal items is a Japanese trend that is being adopted not only by cash-strapped members of the Millennial Generation but also by middle class families. The idea is to maximize living spaces and making lives easier and more meaningful.

The current trend of Japanese minimalism has some roots in Zen Buddhism; however, the real inspiration can be found in the technological austerity and style of the late Steve Jobs, co-founder of Apple. The white iPhones, iPads and MacBooks feature clean lines and a simplicity that can be easily emulated in homes by removing most of the furniture and excess decorations.

The basic home improvement strategy of minimalism for a bedroom would be a fresh coat of white paint, a hardwood or laminate floor, a single painting on the wall, a bed, and a small nightstand. Instead of dressers, minimalists maximize closet space.

Smart home automation can also be incorporated into the minimalism trend with a single Amazon Echo or Google Home device to control all appliances. Alternately, homeowners can program their smartphones to function as single remote controls.

Lighting also plays an important role in minimalism. Simple and stylish ceiling lamps are enough in this regard. One floor lamp can be added to the living room. Families who are used to eating in restaurants can also cut down on the amount of kitchen appliances they own.

Home Improvement Trends for 2017

Smart home automation, wine cellars and breakfast nooks are among the hottest trends in residential home improvement this year.

Now that the Trump administration is settling in the White House, American homeowners are waiting for the formal announcement of an economic stimulus plan before they list their properties on the market. That announcement is expected to take place within the first 100 days of the new administration; once it is made official, home sellers can expect heavy demand and a market that will favor them. In the meantime, homeowners should start thinking about making their home more attractive with the following improvements:

Smart Homes

At the recent Consumer Electronics Show in Las Vegas, smart home automation took center stage with the debut of Google Home and the improvement of Amazon Alexa, two voice-activated digital assistants that are ready to control smart home devices. Sellers can make small investments on devices such as smart locks and light bulbs to show prospective buyers how they can be controlled with the Amazon Echo or Google Home speakers. Smart home devices can also be controlled with smartphones or tablets.

Wine Cellars and Minibars

According to a survey by real estate information site Redfin, built-in-bars and wine cellars or chillers can boost the value of a home by as much as 7.5 percent.

Breakfast Nooks

The morning meal is replacing the traditional American family dinner. Homes that have views of lakes, mountains or green areas can be considerably improved with comfortable breakfast nooks to highlight the natural vistas.