May is National Home Remodeling Month — and as temperatures finally begin to warm up after a rough winter, now is the best time to think about remodeling or renovating your home.
According to a NorthJersey.com article, 2014 is expected to be a solid year for home renovations across the country. The National Association of Home Builders projected that homeowners will spend about $122.8 billion on home improvement and renovation projects this year, a 3.1% increase from 2013.
Kitchens will continue to be a popular remodeling subject this season, according to a National Association of the Remodeling Industry (NARI) study; about 82% of NARI members identify kitchens as their primary service offering.
“In addition to replacing counter tops or cabinets, a terrazzo floor is also a great option for a high-traffic area like the kitchen,” says Carl Griffenkranz, VP of Marketing at Trend Group.
Kitchen remodeling projects offer one of the highest returns on cost when the house is sold. According to NorthJersey.com, the average major kitchen remodeling project will cost around $54,909, but earn back $40,732 in your home’s value.
Remodeling your home is a great way to add to the value of your house — and even if you aren’t looking to sell your house, remodeling can help create a more consistent style among the rooms.
National Home Remodeling Month takes place during May for a reason — it’s the best time of the year to beautify your living space.