Professional remodelers throughout Portland this month have plenty to celebrate as the National Association of Home Builders declares National Remodeling month in May. Despite a slowdown in the national home building market for new construction, remodelers throughout most of the country – and particularly those in Portland – continue to thrive.
“A lot of homeowners have discovered the value of updating and upgrading their homes,” said Professional Remodelers Organization Chair Mitch Stanley, owner of Stanley Home Renovation & Design. “Everyone who owns a home knows that it is their most prized and personal space, and remodelers help people make the most of their space. From home theater rooms to a new dream kitchen to a full home makeover, professional remodelers are finding plenty of interested clients in the Portland Metropolitan area.”
The National Home Builders Association estimates that Americans spent $216 billion in home remodeling in 2008. Remodeling accounts for 2 percent of the US economy and 40 percent of all residential construction.
Last year in the Portland Metro area, more than $226 million was spent on residential remodels. And that is not just a lot of retiled kitchen floors – the average amount spent on a residential remodel in 2008 was $77,934 up 7 percent from 2007.
The top remodeling projects in order of popularity are: Kitchen remodeling, bathroom remodeling, room additions, and whole house remodeling.
The HBA’s Professional Remodelers Organization (PRO) is the leading professional organization for remodelers in the Portland Metro Area. Its members rely on the organization to help them expand their knowledge, learn of new trends, become aware of legislative changes before they happen and be on the forefront of the industry.