It looks like there is light at the end of the tunnel.
The home remodeling industry is bouncing back after a dip from the pandemic, according to an article from Kitchen and Bath Design News.
The article cites a study from the National Kitchen & Bath Association, which found that both activity and interest in residential remodeling is on the rise.
About 36% of homeowners were in the process of remodeling in the second quarter, up from about 13% in the first quarter, the study says.
Additionally, about one in five homeowners (22%) is looking to remodel soon, according to the study.
So, if quarantine has given you lots of ideas about improving your home, you are not alone!
Of course, the biggest consideration for any remodel is the budget. Those who have lived in their house for a while might be interested in a home equity loan, and this Oregonian article discusses some pros and cons.
If you are more into the Xs and Os of a project, an article from MSN Money breaks down the costs of various sizes of kitchen remodels.
The average kitchen remodel is just over $25,000, according to information from HomeAdvisor, with the lower end of the spectrum coming in at $4,000 and the higher end of the spectrum reaching $60,000, or more!
Broken down into percentages from national averages, you can expect to budget 29% for cabinets, 14% for appliances and ventilation, 10% for countertops, and the very important budget cushion of 15% to 20%.
Have a good week!
