Remodeling Growth to Hit 12% As Spending Accelerates, Harvard University Reports
Kitchen remodeling business Kitchen Solvers in strong shape as Harvard predicts accelerated spending growth
The good news is getting even better for those in the remodeling industry: After predicting 5.9 percent growth in remodeling activity through the end of 2012, Harvard University’s Joint Center for Housing Studies now says it expects growth to accelerate — reaching double digits by early 2013.
“The combination of low financing costs, stronger consumer confidence, improving home sales and the perception that home prices have stabilized in most markets across the country are encouraging owners to start working on the list of home improvement projects they have been putting off,” Kermit Baker, director of the Remodeling Futures Program at the Joint Center, said in a news release.
The institute’s Leading Indicator of Remodeling Activity index predicts the 5.9 percent growth in 2012 will jump to 12.2 percent growth in the first quarter of 2013. That forecast makes it an especially good time to start a remodeling business, particularly a tightly focused remodeling businesses like Kitchen Solvers.
The Kitchen Solvers franchise, which is based in La Crosse, WI, has 68 locations throughout the United States and specializes in solid wood kitchen cabinet refacing, as well as all other aspects of kitchen remodeling.
The research institute has singled out specialty contracting firms like Kitchen Solvers for their ability to navigate even the worst of the recession thanks to streamlined operations, focus and efficiency.
In fact, one of our most successful franchisees started his business in the teeth of the recession. You can read an interview with Dechert Sharpell here.
Our expertise in cabinet refacing gives us a leg up on competitors. We use solid wood and new customer doors and drawers for cabinet refacing, which allows us to give customers the look, feel and quality of a brand new kitchen without the expense or hassle. You can read more about our cabinet refacing process here. Cabinet refacing can save customers thousands — and thrifty, post-recession consumers give Kitchen Solvers franchise owners an important advantage.
Kitchen Solvers can be operated with a customer showroom or as a home-based business, and can be started for as little as $52,535 with much of the startup cost financed.Back