Is now the time to start the remodeling project that will add value to your home and family and make your home more enjoyable to use and live in? That’s a question many homeowners in Denver are considering and the vast majority are answering in the affirmative. Current economic conditions make the decision much easier. Nearly 80% of American home mortgages are 4% or less. With interest rates more than doubling from a year ago, purchasing power for a new home has declined by 40%. Plus, with new and for sale home inventory limited, many homeowners in Denver have determined it is more cost-effective and beneficial to enhance their current homes than to purchase a new one.
Another reason why so many homeowners in Denver are electing to remodel their kitchens, primary baths, closets, laundry rooms and other space in their home is that they are happy with their current neighborhood and home.
Kitchens and primary bathrooms have become the most popular rooms in the home to remodel with many homeowners in Denver opting to bring more of Mother Nature indoors by installing new windows and skylights in their new kitchens and baths. Another positive sign for homeowners in Denver is that many of the supply chain challenges and limited availability of materials that delayed projects in 2022 are no longer impediments to completing projects on time and on budget in 2023.
Is this the right time to create the kitchen or bath of your dreams. Visit us at one of our showrooms here or make an appointment to visit us at one of our convenient metro locations here.