According the Harvard University's Joint Center for Housing Studies are predicting in home improvement spending from now until the third quarter of 2013.
With the rise of rebounding home sales, low financing costs, and popular TV shows like Property Brothers, Selling and Buying, and Love It or List It are adding to the increase in home improvements.
In today's market, financing for home improvements through home equity line is available up to 80 percent of loan-to-value ratio.
Construction loans are hard to come by however, lenders typically require borrower have 25 to 30 percent equity, based on the finished value.
It's also a great opportunity to find a great home in a desired location and add modern style and amenities.
To get a list of great fixers in your local area, click here to access our FREE MLS Property Search.
Source: NYTimes.com
I am sure the homeowners where happy with the final results. After all, floors are one of the main component that makes the room so beautiful.
ReplyDeleteSo happy to be catching up with all of your exploits!
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