It may not surprise you to learn that the remodeling market has softened recently after years of exceptional growth. What is surprising however is that, according to a recent report by the Joint Center for Housing Studies of Harvard University, despite the current economy, consumer spending on home improvements is expected to increase 44% between 2005 and 2015.

Several other indicators also confirm that now is an ideal time to start a home improvement related business:

1. While the type of home improvement projects may be changing, homeowners are still investing in their homes. Many homeowners are taking on less expensive projects such as routine replacements, system upgrades and mid-range (rather than high end) home improvements and these types of jobs will continue to keep contractors busy.
   
   
2. High energy prices will drive a significant portion of home improvement projects as homeowners strive to make their homes more energy efficient by upgrading heating and cooling systems, insulating attics, replacing windows, etc.
   
   
3. While home values may be dropping in several regions of the country, 69% of Americans still believe that making a home improvement will help increase their home's value.

What's clear is that—despite the economy-- trends favor substantial growth in home-improvement services. How you chose to take advantage of these opportunities is up to you.

Best wishes for a healthy, happy and prosperous 2009!

Debra M. Cohen, President | Home Remedies ™ of NY, Inc.
Phone: (516) 374-8504 | E-Mail: HomRemdies@aol.com

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