Many Homeowners Put Home Remodeling Plans on Hold

home remodeling

Economic uncertainty is prompting some homeowners to put their home remodeling plans on hold, according to a study by online publisher Remodelormove.com. Homeowners who have declining home equity or who are living in lower-value homes are postponing remodeling projects, while those with more financial resources are moving ahead with them.

Although 84 percent of homeowners said the nation’s economic woes are affecting their remodeling plans, 81 percent said they plan to go ahead with the upgrades. Nearly two-thirds (65 percent) expect to do some of the work themselves in an effort to keep costs down.                                                                  San Diego events