Remodeling Trends Have Changed
When it comes to home ownership the remodeling trends of the recent past appear to have changed. The recent recession has left a permeating lifestyle change, one that has swapped over-indulgence with down-to-earth necessity. In other words, if it isn’t a necessity many people won’t do it.
It is a buyer’s market out there which means that the buyer is in control. A seller can no longer pass off a roof in poor condition or a faulty wiring system. If a homeowner wants to sell he will either have to make necessary repairs to his home or credit the buyer at closing.
Remodeling is on the upswing and for the first year since the height of the real estate market, the amount of money spent on remodeling is expected to increase. The only difference is what kind of remodeling is occurring, in other words if it needs fixing it is going to be fixed.
The days of bigger and better have passed, being replaced with the motto of living within one’s means and embracing the basics, and real estate in Corvallis is no exception to this rule.
Click here to read a recent article from the Wall Street Journal regarding the current state of remodeling.
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