Category Archives: Home Improvement

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

 

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.

 

Should You Become DIY-Savvy?

If you’re a homeowner, there are probably a multitude of projects you’d like to tackle head-on, but you might feel that you’re not equipped enough to handle the job. More and more homeowners are realizing that it is easier and better for them to start doing their own work in the home rather than hire a professional. Professionals are often expensive and you could even wind up spending more on a job than you need. Also, when you start doing your own at-home projects, you’re going to feel more confident any time something breaks down and needs to be repaired.

 

The best way to become at-home DIY-savvy is to become as educated as possible. This doesn’t necessarily mean that you should sign up for a local course in repair work at the community college, but there are tons of books and videos you can utilize to learn important skills. In fact, the internet is full of helpful do-it-yourself videos that can help you in learning to fix something that you knew nothing about before. Go to any bookstore and you’ll find a variety of amazing books that are specific to home improvement. There is absolutely no reason why you should constantly hire an expensive professional when there are so many different things you can learn to do yourself in your very own home. Not only will this help when it comes to sticking to a strict budget, but it will give you the confidence that you need as a new homeowner.

 

When To Call in the Home Experts

You’ll notice a growing trend where homeowners are doing all of their own repair and installation projects. It’s done in an attempt to save some much-needed cash and to learn the basics of home maintenance. However, not every project should be done by a novice who is simply looking to save some money. There are many at-home jobs that truly should be left for the professionals, even if you think you might be able to handle them. The best times to call in an expert is when you either don’t know how to do something and have tried your best or when you’re dealing with a project that could be potentially dangerous.

 

Electric work might seem easy enough when you look at a how-to video online, but if the project isn’t done properly, you risk there being a fire in your home or electric shock to the person doing the job. If you’ve attempted to fix something in the house multiple times and keep hitting a brick wall, you need an expert’s help. They can come to your home and give you a quick estimate for the work in order to get started right away. Even though you might wind up spending more than you had initially wanted, you’ll be glad the work is done and in the correct manner. DIY projects are great for the optimistic homeowner, but there are times when even the most do-it-yourself-savvy individual needs to call it quits and get a professional in to finish for them.

 

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.