Houston, TX -- (SBWIRE) -- 02/11/2014 -- American homeowners just spent $130 billion on home remodeling alone. This is according to the data released by the United States Census Bureau. The rate increases at a significant level as a 3.1 percent increase is seen from 2012 to 2013. This, by far, is the largest spending since the year 2007.
The increase of home remodeling rates allows more jobs across the United States. In fact, the remodeling jobs also rose to 5.1 percent as compared to 2012. This figure only shows that people can see the huge difference of house remodeling versus buying a new one.
Home remodeling was seen to be more cost-effective than purchasing a new home. It is also believed to be a better investment than the latter. Several factors are seen for this reason. First are the limited inventory of existing homes and the continued price increasing of new homes even if the mortgages remain low. Home remodeling makes it easier for homeowners to obtain financing as they can opt for loan against their equity.
Joseph LaVorgna, chief US economist for Deutsche Bank stated, "If home prices are going up and people have more equity in their home, things like remodeling and refurbishment will do well, because it's effectively the way of playing the reinvestment game.”
The increase in home remodeling activity suggests great ways to save more money. The Texas Allied Construction and Demolition exemplifies this by achieving greater ways to remodel a home within the client’s financial requirements.
In their official website, they said, “Of course, what matters to us most is that you save money; throughout the course of your project, our team identifies ways to keep you on budget without sacrificing quality. Whether it is kitchen and bath remodeling or another home improvement job, we guarantee our work and stand behind it.”
About Texas Allied Construction and Demolition
Texas Allied Construction and Demolition offers free online consultation and price estimates. Their services include kitchen and bathroom remodeling, outdoor/patio construction and other general contracting services.
Contact Texas Allied
Phone: (866) – 586-1448
Official Website: http://texasalliedconstructiondemolition.com/