AD{TS3599948} AD{TS3647255} Thursday, January 08, 2015 ? THE EXPOSITOR ? PAGE 7

Remodeling spending increases as renovations are on the rise

In the not-so-distant past, home improvement projects all but came to a halt, as homeowners were weary about investing any money into fixer-uppers. But the tides have changed dramatically in recent months, and homeowners are again ready and willing to invest big dollars into home renovations. Renewed confidence in the economy and an upswing in the real estate market have contributed to the remodeling frenzy. In early 2014, the Joint Center for Housing Statistics of Harvard University forecasted nearly $150 billion in major remodeling spending over the year. JCHS said as homeowners gain more confidence in the housing market, they?re more likely to undertake home improvements they would have avoided in recent years. While the numbers do not yet match pre-recession remodeling spending, the number of construction projects has steadily trended upward. According to the National Association of Home Builders, as of November 2014, a greater number of remodelers reported higher business activity than during the previous quarter. Remodeling spending has been gradually climbing back up from the alltime low it reached in 2009. This growth in home renovations has led to more jobs for carpenters, plumbers, painters, electricians, and other construction workers. In Massachusetts alone, a recovery in overall construction employment has led to a gain of about 18,000 jobs during the past four years. The Home Improvement Research Institute expects an additional 5.8 percent sales growth in home improvement spending in 2015. States that showed the highest levels of home improvement spending in 2014 are likely to continue to hold the top spots through 2015, and the National Association of Home Builders says these areas include the District of Columbia, Connecticut, New Jersey, Maryland, Massachusetts, and areas of southern California. Americans are not the only ones increasing their home spending. According to reports released by Moneris Solutions Corporation, Canada?s largest credit and debit card processor, purchases at home improvement stores rose by 8.49 percent over the same period last year, and spending on plumbing and heating equipment and electrical contractors climbed by 5.14 percent and 5.08 percent, respectively. Spending patterns indicate that homeowners are Consumers are no longer leery about investing money in home projects. investing in DIY projects as well as seeking specialized work provided by professional contractors. Now is a good time for the real estate and home improvement sectors, as homeowners have renewed their fervor for making home renovations, both to increase comfort in their homes and make their homes more buyer-friendly. INDEPENDENTLY OWNED AND OPERATED

Hurley Real Estate

royallepagehurley@rogers.com www.royallepagehurley.ca 18 Holiday Dr., Brantford

519-759-6800

BROKERAGE OPEN HOUSE SUN 2-4PM

JUST SOLD

New Listing

125 ARTHUR ST $189,900

Great 3 bedroom home with many upgrades. KELLY HURLEY* 519-754-9505

247 HWY #5, ST. GEORGE $550,000

Beautiful country property, 5 bedrooms. Approximately 4.9 acres on a pond setting. MIKE JOHNSTON* 519-771-9117

New Listing

35 STRATFORD TERRACE UNIT 16 $314,900

Perfect Bungalow Downsizing? JASON TANGORRA* 519-209-1543 Bob Boswell* 519-757-2860 Dave Adkins* 519-755-6150 David Green* 519-755-6998 Gina Stratton-Crawley* Cell: 519-209-1653 Jason Dubecki* 519-771-1424 Jason Tangorra* 519-209-1543 John Dignan* 519-771-8577 Kelly Hurley* 519-754-9505

We KNOW Real Estate. Call today!

Laurel Hammer** 519-754-7253 Matt Jones* 519-771-4033 Michael Hurley*** 519-755-0830 Mike Hurley** 519-752-5992 Mike Johnston* 519-771-9117 Murray Corke* 519-754-5320 Paul Kucheruk* 519-755-7265 Sarah Tolhurst* 519-755-0345 Willie MacMain* 519-761-2977

* Sales Representative ** Broker *** Broker of Record

PROFESSIONAL GROUP INC.

REAL ESTATE BROKERAGE

32 CHARING CROSS ST.

519-756-3900

www.century21.ca/professionalgroup professionalgroup@century21.ca Each office is independently owned and operated

CONNECTED TO MORE

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WHY TRUST THE SALE OF YOUR HOME TO ANYONE BUT A ?PROFESSIONAL?!

OPEN HOUSE SUNDAY 2-4PM 72 GARNER?S LANE ? $339,900 OPEN HOUSE SUNDAY 2-4PM 33 FULTON STREET ? $339,000 OPEN HOUSE SUNDAY 2-4PM 19 HANSFORD DRIVE ? $449,900 OPEN HOUSE SUNDAY 2-4PM 81 ALBION STREET ? $120,000 5 GREENE LANE CIRCLE $344,900 Perfect for Home based business. This 4 bedroom + loft raised ranch includes 4 bathrooms, 2 kitchens & finished garage with bathroom currently used as a designers sample showroom. See you Sunday! Jayne House ? Sales Representative ? 519-755-2400 NEW all brick bungalow in Terrace Hill. 3 bedroom, 2 bath, fully finished, vaulted ceiling, hardwood, Tarion Warranty. Tamara Cupoli ? Sales Representative ? 519-771-7956 Spectacular newly renovated 3+1 bedroom, 2+1 bath home in quiet neighbourhood. Main floor laundry w/ access to double car garage. Living Room & Dining room boasts new hardwood floors. Massive unfinished basement has lots of potential. Manny Munir ? Broker ? 519-865-7395 NEW LISTING! Attention Investors - Affordable 2 bedroom cottage, designated Heritage, 121 ft deep yard with mature trees, lots of potential. Don?t miss out! Rosemary Vajda ? Sales Representative ? 519-732-9596 NEW PRICE! Large 4 bedroom family home with room for a 5th, if needed. Beautiful hardwood throughout. Newer roof and all newer windows. Jayne House ? Sales Representative ? 519-755-2400 1 ACRE, HUGE SHOP IN CITY $399,900 17 BARNES FARM RD, MOUNT PLEASANT ? $552,900 58 IVANHOE ROAD ? $207,900 154 CHARING CROSS STREET $249,900 65 JAMES AVENUE ? $374,000 Almost 1 acre located centrally in the city. The 2 storey, 3+1 bedroom house has been extensively renovated in the past few years. Huge shop on site with lots of parking & inground pool. Truly a rare find!! Paul Smith ? Sales Representative ? 519-771-3902 Large open concept main floor with generous kitchen space & separate pantry, wet bar and 3 BR?s, 3 Baths. Lower level has Family room with wet bar & fireplace, Games room with Pool table, 1 bedroom, 1 bath and Office/hobby area. Jim Nagle ? Sales Representative ? 519-732-7318 Updated 4 BR, 2 bath, semi-detached home. Newer flooring & trim, quality kitchen cabinets, ceramic flooring & backsplash, sliding doors off kitchen with access to side deck & fenced yard with custom shed. Steve Spaulding ? Sales Representative ? 519-755-5533 Looking to move or start your own Business? Prime central location with house & garage - Imagine the possibilities with C8 Zoning. Great exposure with low overhead=winning combination. Steve Spaulding ? Sales Representative ? 519-755-5533 Custom built 4 level split on a huge yard in popular Echo Place. All rooms are country sized, L shaped Rec room with bar, massive kitchen, Living room, Dining room. Immaculate yards with 9x11 utility shed. Jim Nagle ? Sales Representative ? 519-732-7318 Sean Bryant*** Stewart Anderson* Sunil Angrish* Michael Aucoin* Mark Bennett** Crystal Bentley Hinch* Dwayne Brown* Billie - Jo Bouffard* John Bouffard* Ryand Campbell* Annette Cooper* Jen Connor* Tamara Cupoli* Rob DeKeers** Kan Dhillon* Melissa Duffield* Jake Eivers* Miguette Eivers* Janice Edwards* Alex Faux* Paula Gallant* Lisa Gardner* David Griffin* Joan Griffin** Norma Hamilton** Kristen Henderson* Jayne House* Dave Kerr* Joanne Lake* Heather Lama* Marlene Leegstra* Kevin McHardy* Norm Moore* Manny Munir** Jim Nagle* Jayne Novak* Sonya Pearce* Ray Petro* Nick Quattrocioc- Dorothy Richardson* Pauline Robson* Geoff Roloson* Ross* and Robinson* Salma Saeed* Sohan Sharma* Rose Sicoli* Jennifer Smale* Paul Smith* Steve Spaulding* Brad Steedman* Molly Stroud* Rosemary Vajda* Cheryl Vansickle* Sharon Vinnai* Justin Vlietsra Mark Whalen* Brenda Wilkinson** Angie Witten*

*SALES REPRESENTATIVE **BROKER ***OWNER/BROKER OF RECORD

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