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With the housing market showing some signs of uncertainty, it is more important than ever for homeowners to limit their improvements to smart investments. According to some experts, the top returns come from investments in kitchen remodeling projects and the installation of new siding. RenovatorsPlace.com is dedicated to helping homeowners get connected with remodeling contractors and providing the information needed to make sound home improvement decisions.
(PRWeb) May 11, 2007 -- According to a study of return on investment conducted by Remodeling Magazine, two of the top five home improvement projects for maximizing return on investment (ROI) are kitchen remodeling and new house siding. RenovatorsPlace.com, an online, interactive home repair resource, can help homeowners make the best decisions on which top ROI remodeling projects to complete. Homeowners interested in making smart choices on these remodeling projects can turn to RenovatorsPlace.com for articles and advice on kitchen remodeling and siding, as well as a directory of qualified contractors (http://www.renovatorsplace.com/).
With changes in the housing market, it is important for homeowners to consider the market and their home value before making improvement decisions. Kitchen remodeling and new siding are smart investment choices. According to Remodeling Magazine even a simple kitchen remodeling project can yield a 92.9 percent return and siding comes in at 92.8 percent. The kitchen remodeling and siding information available on RenovatorsPlace.com is geared towards homeowners interested in making smart home improvements to boost their home's value (http://www.renovatorsplace.com/).
Due in part to changes in the subprime mortgage business as well as bad weather in February, sales of existing homes made a sharp downturn -- down 8.4 percent from sales in February and down 11.3 percent from sales the same time last year. The National Association of Realtors(r) (NAR) is expecting the median home price to drop 1.1 percent for 2007, which would be the first year of declining prices since the group started keeping track. Says David Lereah of the NAR, "I expect a couple of more sluggish months coming." Homeowners may not see the housing market improve until 2008.
RenovatorsPlace.com is an online home improvement resource that provides tips, articles and local contractor directories. It features interviews with homeowners and photos of their real remodeling experiences.