More Remodeling, Different Reasons

April 30th, 2010 categories: Rants & Riffs

During the last boom in Honolulu real estate we saw an incredible number of remodels happening to homes. The Wall Street Journal is reporting that another boom is happening, however, it may be for different reasons.

“Now, the opposite is happening: Many people who bought during the boom years are accepting the reality that they won’t soon be swapping up for a sybaritic spread. Their mortgages may remain above water, but after years of falling home prices, their equity is so low that the transaction costs of buying a new house would leave little for a down payment.” CLICK HERE TO READ THE ENTIRE WALL STREET JOURNAL ARTICLE

To me, it makes sense to make improvements to your home for your benefit. If you are going to be living there, then you might as well experience the full joy that your home can offer.

SEARCH FOR YOUR HONOLULU HOME

If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

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This entry was posted on Friday, April 30th, 2010 at 6:00 am and is filed under Rants & Riffs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.