The Santa Fe Area Homebuilders Association Home Show March 9-10...
As the national economic recovery continues to transition to a slightly stronger growth path, we also continue to see improvements in the real estate market:
And as economic conditions are improving, so is the forecast for home remodeling. At the annual exposition of the National Association of Home Builders in January, Paul Emrath, Research Vice President with the organization, stated that: “The outlook for home remodeling in the year ahead is the best it’s been in almost a decade, based on the most recent surveys of the industry.”
This reality will be on display here in New Mexico when the Santa Fe Area Home Builders Association stages its annual “Home Show” at the city’s Community Convention Center on March 9-10. Scores of home builders, design professionals, home product suppliers, and other vendors will be offering advice on remodeling as well as demonstrations of products and services that home owners and buyers are seeking.
And to demonstrate further that the field of home design and remodeling is flourishing, the “Home Show” will also feature the inaugural Santa Fe Community College Design Competition. This element of the two-day event will feature students from the institution who are offering their own projects and interpretations on new and thoughtful home design and remodeling options that are important to home owners in the current market. According to the 2013 Remodeling Cost vs. Value Report from the National Association of Realtors (NAR), several types of remodeling projects can recoup substantial value at the time of a home resale.
As an example, a minor kitchen remodel can return 75.4 percent of costs, while the report also found that a majority of the top 10 most cost-effective endeavors are exterior replacement projects, which are estimated to recoup more than 71 percent of costs. As NAR President G ary Thomas states: “Realtors know that curb appeal projects offer great bang for your buck, because a home’s exterior is the first thing potential buyers see.”
Obtain some remodeling tips for your own home by joining us at the Santa Fe Area Home Builders “Home Show” on March 9-10 (for information go to www.sfahba.com). If you can’t be there in person, tune in to a two-hour “live” remote broadcast of the “All Things Real Estate” radio show on Sunday, March 10 (12 - 2 p.m. — MST); streaming images and commentary from the event will be on the homepage of SantaFe.com.
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