Retail Renovation and Home Remodeling in a Bad Economy

Feb. 25, 2011 - PRLog -- Business owners understand that their storefront is as important as the product or service that they provide and homeowners realize that instant curb appeal can be had through some simple renovations. In today’s tough economy, to see an older shopping facility be revitalized or a home be remodeled despite difficult times is a testament to the creativity and innovation of homeowners and business owners. They know that retail renovation and home remodeling is an investment and can add new customers as well as add value to a property.

As the economy returns to more normal conditions, retail renovation and home improvement spending will rebound as well. The housing market crash has opened up new opportunities for remodelers. In particular, the growing numbers of foreclosed properties will need rehabilitation after years of underinvestment. In addition, households are moving less often and are more likely to focus on home improvements that accommodate their longer-term needs.

Home improvements offer many benefits. They not only make a home more comfortable, but are also a good investment. Some popular projects can include: kitchen remodels, deck construction, siding and window replacement, interior re-painting and exterior painting – which in addition to making a home more comfortable, may actually increase the value of a home.
Despite the high demand for office and retail space, the retail renovation and commercial building maintenance is vital to maintain and attract desired tenants. All leases eventually expire and a retail renovation could mean the difference between a happy tenant and an empty space.

Retail renovation projects accounted for 24% of mall construction contracts in 2010. Shopping centers not only have to renovate to boost sales but also to keep current tenants happy. Retail renovation can reduce the cost of ownership through increased occupancy and decreased maintenance costs. “A renewal can create more interest in the retail shopping area,” says Chris Murphy of Harrison Contracting Company in Atlanta, http://www.harrisoncontracting.com  “which makes it beneficial for the both the owner and the tenant.”  

Slowly but surely, the US economy is emerging from its recession. Home and business owners who put off maintenance and improvements during the recession will spend more freely and invest more liberally into their property. A renovation and remodel project can attract new customers, new tenants and increase the value of a business or a home.

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Harrison Contracting Company is your full service painting, carpentry, and re-imaging specialist. We proudly serve the Eastern U.S. with the equipment, workforce, and integrity that our customers expect and deserve.