You should see an increase in home value for these types of additions, but mainly it will provide an improved lifestyle for your family. If your property is more than ten years old, an improvement project might be an upgrade to the electrical systems or updating the kitchen and its electrical features.
Before you begin any home remodeling project, it is highly advisable to plan it. These projects need an investment in both time and money. Careful budgeting helps you to make sure that both of your resources, time and money, are utilized wisely to achieve the dreamed about results.
It is important therefore to take into consideration every angle of the home improvement project. Do not get started a project without first determining the advantages and likely pitfalls involved. If you fail to do this, you will waste time.
The Outlook for the Home Improvement Industry Kermit Baker Joint Center for Housing Studies Remodeling Market Report 2012 IBS February 10, 2012 © 2 0 1 1 P R E S I D E N T A N D F E L L O W S O F H A R V A R D C O L L E G E
Table 13: Europe home improvement market geography segmentation : $ million, 2011 46 Table 14: Europe home improvement market distribution: % share, by value, 2011 47
©2012 PRESIDENT AND FELLOWS OF HARVARD COLLEGE What’s the Future Hold for the Home Improvement Industry? Kermit Baker – Joint Center for Housing
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