Rise in Sales of Existing Homes Means Good News for the Remodeling Industry

Image courtesy of smarnad / FreeDigitalPhotos.net
Image courtesy of smarnad / FreeDigitalPhotos.net

In February 2013, the national real estate market showed a marked rise in existing home sales from the previous year.  February was representative of a seasonally adjusted annual rate of 4.98 million sales of existing single-family, condominium, townhome and co-op homes – up nearly half a million at 460,000 units from the year before1. Regionally, the South is leading the pack with a seasonally adjusted annual rate of 1.72 million sales of existing homes as of February 2013 – up 190,000 units from the year before. The West and Mid-West are tied for second with 1.06 million sales of existing homes and the Northeast is in a distant third with 520,000 sales of existing homes as of February 20132.

With the sale of existing homes on the rise, chances are – demand for reputable and skilled remodeling companies will follow suit. Often, with the purchase of an existing home comes the need for anything from basic home maintenance to major renovations. For instance, a house that was purchased out of foreclosure may have fallen into a state of disrepair and could require a few fixer-upper tactics in order to make it home sweet home for the family who will be assuming ownership. On the other hand, even a home that has been well-loved and excellently maintained may be an excellent candidate for a home renovation in order to make it reflect the needs, wishes and collective personality of the new homeowners.

If you and your family are purchasing – or have recently purchased – an existing home and you have a number of home maintenance and/or remodeling projects in mind, it’s likely that you’ll want to get on a good renovation company’s calendar right away.  Highlight Homes – an award-winning luxury custom home and renovation company based in Atlanta – is currently taking appointments for consultations and booking projects through Fall 2013. We specialize in basic home maintenance, as well as:

  • Whole Home Renovations
  • Room Additions
  • Architectural and Design Services
  • Kitchen & Bath Remodeling
  • Landscaping & Ponds
  • Decks & Porches
  • Sunrooms
  • Basement Finishing
  • Home Theaters
  • Outdoor Living Spaces & Kitchens
  • Man Caves
  • …and So Much More!

Our talented design-build team can be reached by calling 678-873-9234, e-mailing info@highlighthomesga.com or by filling out our convenient online contact form. We look forward to hearing from you soon!  In the meantime – if you’d like to learn more about Highlight Homes and the services we offer – please visit our website at www.highlighthomesga.com.

References:

http://www.nahb.org/fileUpload_details.aspx?contentID=55761

http://www.nahb.org/fileUpload_details.aspx?contentID=68179

Image courtesy of smarnadFreeDigitalPhotos.net

Rise in Sales of Existing Homes Means Good News for the Remodeling Industry