Damage repair | Flood damage | Hurricane damage

Facts On Homeowners That Want to Renovate

July 9, 2018


Are you thinking about how you want to renovate? Is this something you want to do just to improve your home or is to help with water ko.com/na/residential/building-professional/3-roofing-industry-trends-you-need-to-know/” Title=”General contracting, Damage repair”>damage restoration. This is not easy to make sure that you take care of your home while you’re renovating to get the right type of help.

Being able to renovate is something that homeowners in the United States absolutely loves. By the year 2017, the remodeling industry across the United States will have reached a total revenue of nearly $83 billion. Thus, this means that it has grown every single year by almost 4%! There is plenty of money involved in people who want to renovate their home or business.

According to the National Association of Home Builders, between 1995 and 1999, 69% of remodeling activity was done on owner-occupied housing, and 31% on rental properties. Make sure you get a great contractor to help when you decide to renovate your home. This is something that can become a problem if you fail to do so!

When people set out to renovate their home, they need to seriously take a good look at the contractors around them. Just about 69% of owners say poor contractor performance is the single biggest reason for project underperformance. Thus, you need to make sure that you have the help of a seriously helpful contractor.

Almost 13% of the world’s GDP is due to construction-related spending. The ability to renovate ones home is an absolute luxury. This gives homeowners the ability to alter their home’s design or to potentially adjust to different situations regarding the weather and climate of their surrounding area. For people who live in a harsh winter area, this can help them have a warm winter and avoid the cold.

Storm data statistics from the National Oceanic and Atmospheric Administration concur noting that 20,237 significant storms were recorded in 2016. While that’s a slight increase from 2015, it represented the highest number in about three years and it was sufficient to cause disruption in the asphalt shingle supply chain. If you want to upgrade and renovate your home to prepare for the storm season then get to it!

There are currently over 50,000 establishments engaged in the installation, roofing, siding, and sheet metal work valued at a total of $31.4 billion. Thus, businesses have made it a priority to continuously renovate their buildings so that they can improve the overall quality. This is a smart move because, over time, the foundation of the building will weaken and improving it can enhance the lifetime of this building.

To Wrap Things Up:

The construction industry has more than 650,000 employers with over 6 million employees and creates nearly $1 trillion worth of structures each year. In 2005, 92% of construction firms had fewer than 20 employees. Only 1% had 100 or more. This means that construction businesses are getting smaller but the business is growing. Now, there are so many great and reputable choices avaialbe to people that you can get a great option for your home or business.

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