Real Estate investors and property owners are starting to shell out more on house renovation projects. Find out how you can benefit as a home repair and foreclosure cleaning business owner -- without performing the work.
The construction market is benefitting from home renovation monies. A new industry research report revealed that over one half of all construction spending can be attributed to home renovation projects.
Real Estate Investors and Homeowners Pushing Market
Real estate investors and homeowners are pushing the housing renovation market. This increase in construction spending is due in great part to real estate investors, who are purchasing foreclosures in record numbers. This year alone, real estate investors have purchased over a third of distressed REO homes on the market.
Individual homeowners are also spending renovation dollars on long-overdue house repair and maintenance.
Bathroom Sprucing, Window Installations, and More
Property owners are performing such house maintenance tasks as window replacements and renovation projects including such things as bathroom makeovers. As such, property improvement and maintenance expenditures increased upwards of eleven percent in the second quarter of 2012.
In the past, home renovation type spending accounted for only twenty five percent of monies used for the construction market. But the jump to fifty percent is good news for small businesses that provide home maintenance, construction, repair and renovation services.
For more information, statistics, and to see how you can profit from this increased spending in your home maintenance, handyman, repair or foreclosure cleanup business, see Home Renovation and House Repair Spending Increases at http://www.foreclosure-