The USA remodeling industry making new high after the 2007 downfall

The remodeling industry in the USA is gradually getting back to its normal position. After years of downfall, this industry is turning back and is going to make new highs. According to various reports and surveys, Americans are showing confidence in spending a lot of money in the remodeling projects. This clearly means that they are emphasizing in the long term impacts rather than looking at the immediate weakness. And this time house owners are showing interest in partial remodeling of the house. This is a much convenient solution according to many since remodeling different parts of house one at a time is very cost effective. The most preferred area of the house for remodeling is bathroom. Home owners are spending a lot of money in renovating their bathroom.

There is no doubt that this is a very good sign for the entire remodeling industry. Even the experts are talking positive about this industry. According to the reports of the U. S. Census Bureau, in the year 2013, $130 billion has been spent by the house owners for remodeling purpose and most of which was for bathroom remodeling. This figure is 3.1% higher than the figure of 2012. And this is the highest investment figure in this sector since the year 2007, the year when the downfall in the remodeling industry began. This has even caused a rise in the numbers of permits for remodeling jobs which 5.1% more than the year 2012 (source of the information: The Wall Street Journal).

House owners are now showing interest in remodeling their bathroom

House remodeling industry is a big and long term investment. Though, there are some disagreements about calling remodeling as an investment among many people. According to the figures and statistics managed by the Joint Center for Housing Studies at Harvard University, the business of remodeling had reached to its peak in the year 2006. The investment figure in remodeling in that year was a staggering $145 billion which is so far the highest ever investment. But the way house owners are showing confidence in remodeling, it will not be a mistake assuming that in this year the remodeling industry will make a new high in terms of the investment. A healthy market and rising cost of remodeling projects are indicating in that direction. And above everything all, it is clear that people are feeling confident in spending money for remodeling.

There is a hell and heaven difference in the remodeling market of 2010 and 2014,” said Tom Drake, the chief executive of a reputable remodeling company based in LA. He also added, “We are experiencing a massive increase in the remodeling projects. We have dozens of projects pending in the pipeline and majority of which are bathroom remodeling. House owners of LA are now showing great interests in remodeling their bathroom. We are even getting call from our old clients.” The scenario is more or less same for every reputable remodeling company.

Basically two types of house owners are there who are willing to start a remodeling process. The first category is for those house owners who are starting remodeling for maintaining the safety of their bathroom or their entire house. It goes without saying that remodeling is a very convenient and effective way of maintaining the condition of any house. It is also a value for your money way out. And the second category represents house owners who want to provide a new look to their bathroom or to their entire house. There is no doubt that majority of the house owners prefer remodeling when it comes to change the look of their house than looking for a new house. Moreover, it is not always possible for anybody to buy a new house.

This recent boom in the remodeling industry in the USA is definitely a good sign both for the house owners and for the contractors as well. While in one hand this will bring in more competition among the service providers which will ultimately help the house owners. And on the other hand, service providers will also be able to make their profits since the work volume is very high. If there is any negative aspect of this recent flourish in the remodeling industry then it is only the increasing number of unauthentic service providers and faked contractors etc.

Remodeling is not only about the maintenance, it can also be a way of enhancing the elegance

Robert and Melissa, a married couple from LA were planning for a bathroom remodeling and for that reason they contacted a remodeling contractor after watching an advertisement in the newspaper. In their rush to finish the project quickly, they didn’t bother about gathering proper information about the contractor. This led them to a massive disaster. Within just four and half months after the renovation, they found that the project was completely a waste of money. And the problem is you will not be able to make contact with such contractors once your project is done.

In order to save yourself from such cases, I have short listed some questions which you must ask to your remodeling contractor before confirming the deal. Here are these questions:

  • Do you have the license to work in this state or to work as a remodeling contractor?
  • Do you carry the liabilities of the workers compensation and insurance related concern?
  • What kind of warranty do you provide on your work?
  • What will be the duration of the project?
  • What will be the process of contacting once the project is done and what kind of services to expect after the completion of the project?
  • How long have you been associated with this business?
  • Do you have any reference of your previous projects or do you have any testimonial?
  • How the price of the project will be decided, will it be a fixed price or it can be changed according to the demand of the project?
  • What would be the payment procedure?

If you are looking for a positive response of all these questions, if you are looking for a remodeling company in LA that can handle all your concerns positively then you must get in touch with Mike Mizrachi, the Project Manager of MDM Custom Remodeling Inc. It is one of the most reputable remodeling companies situated in LA and has been providing remodeling service for many years. During this long period, Mike and his team has accomplished thousands of successful remodeling projects. If you want a hassle-free and successful remodeling of any particular part of your house or the entire house, MDM is the perfect alternative for you.