What's Driving the Remodeling Economy Right Now?There are three main things driving the remodeling industry right now:
- low interest rates
- strong housing market
- strong economy
It costs more to remodel today than a few years ago for a few reasons. First, materials cost more now. Second, labor expenses are higher due to an overall labor shortage, especially in trade industries. Despite higher material and labor costs, Knight Construction Design Inc has managed to maintain a steady rate by keeping our overhead low. This helps us better serve our clients because we can assist a wide range of budgets, and our clients don't have to sacrifice quality.
What if I Regret Remodeling My Home?Our team at Knight Construction Design Inc has never had a client regret remodeling their home! When it comes to remodeling, the goal is to improve the existing design. Whether that's creating a more functional layout or just making the space more visually appealing, the end result is always better than the original. That being said, it's imperative to work with the right remodeling contractor. Always do your homework before hiring a contractor. Make sure they're licensed and learn as much about their reputation as you can. On that same note, it's okay to price shop a little bit, too. Just remember, you get what you pay for, so the best deal may not always mean you're getting the best contractor.
What to Expect in 2020
Based on what we've been seeing and hearing from our clients, 2020 is going to be another strong year for the remodeling economy. In addition to improving the functionality of their homes, many homeowners are looking to incorporate the latest in design trends and smart home technology.Have questions about remodeling your home? We'd be happy to answer them! Simply get in touch with our award-winning team to learn more about our remodeling process. Read More