Psst, have you considered a makeover?
Never mind your wardrobe, although Spice Girls concert T-shirts make fine window rags, we’re talking home here. Some brainiacs at Harvard University report that annual remodeling expenditures will likely increase at an inflation-adjusted 3.5 percent in coming years. That may not sound like ground-breaking news until you consider that since its peak in 2007 the remodeling industry was on a double digit decline.
A study conducted by the university’s Joint Center for Housing Studies expects many of those remodel jobs to focus on systems upgrades and replacements as opposed to “upper-end discretionary projects” also known as fancy schmancy stuff. The study released earlier this year credits, in part, consumers’ growing awareness of environmental issues for that. Green is generating green.