Unless your last name is Walton or Dell, it’s never easy making the decision to invest in just about anything these days. That’s understandable, considering that our economy still recovering. It’s especially true for home improvement. That’s because, when it comes to spending, many homeowners tend to prioritize immediate needs.
So what will tip the scales in favor of making that investment for a new door or better windows in Sugar Land, Texas?
A Market on the Rise
Apparently, the state of the home improvement market can. A recent study conducted by Houzz reveals interesting data. Despite the need for remodeling projects not being necessarily urgent, business activities in that sector are in an upswing.
Specifically, the number of inquiries for new projects has been on the rise coming into the first quarter of the year. Among specialty building and renovating professionals, for example, 73% reported an increase in the number of inquiries for their services.
But what’s even more interesting to note are the changes in the scale of these projects. Based on the study, home improvement projects getting bigger and broader—and they’re only expected to expand further during the second quarter of 2015.
The Question of Confidence
These promising figures have led to a boost in confidence among home improvement professionals. Many are highly optimistic about increases in business activity for the second quarter of 2015. In many ways, the optimism and the figures point to a change in the mindset of American homeowners. As more of them are realizing the need for home improvement, they are able to pull the remodeling industry in the right economic direction.
Business is booming here at Renewal by Andersen® of Houston, and we can confirm it! The number of orders and requests we’ve received for our replacement units—including our superior patio doors and stunning picture windows in Sugar Land, TX—attests to this.
Call us up at (281) 547-6177 for a free in-home consultation and estimate of our services. Learn more about the Houzz study discussed here in part 2 of this blog series: /2-part-blog/confidence-and-home-investments-part-2-when-to-fold/