It’s Dollars and Sense
“Between inflation, interest rates and rising construction costs,” said Bjorn Freudenthal, homeowner advisor and VP with New Spaces, “market forces are driving buyer behavior to renovate instead of buying or building a new house.”
Freudenthal explains it like this: “The current real estate environment is overheated, and because valuations are increasing, consumers have confidence in remodeling their spaces. They look at other new or existing properties and decide the price is too high, and if they focus their efforts on remodeling, they don’t lose any of their existing home’s value.”
Article source here: Home Improvement Trends To Watch for in 2022
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