It has happened three years in a row. Spending on owner-occupied homes exceeded single-family new-construction spending in 2011. Demand for remodeling services from companies such as Country Club Homes is growing. Country Club Homes has seen its remodeling business expand as a result of economic trends. The company was the 2011 HOBI Award recipient for Outstanding Spec Home Remodel. The HOBI award is the home building industry’s most prestigious honor presented by the Home Builders Association of CT, Inc.
Spending on new construction has fallen sharply, from more than one-half trillion dollars annually in early 2006 to just over $100 billion in 2011. However, according to a recent article on BuilderOnline.com, the need for remodeling services has surged and not surprisingly, the demand for custom new home companies to take on remodeling has increased as well.
Incentives for homeowners to do remodeling have expanded, including tax-credit incentives; and credits for upgrading to energy-efficient products. Another factor is that the large number of foreclosed homes on the market often require repair before new owners are able to live in them. Due to all of these factors, remodeling of existing properties is likely to continue as a top trend.
If you are seeking home building design experts, who come with an excellent remodeling design and construction track record, contact Country Club Homes at 203-762-0550. For more about information about home renovation, check Connecticut Cottages & Gardens Magazine this fall.