Whether it’s a new kitchen or bathroom, a new deck, or an updated HVAC system, home improvement is a great way to improve your living space. These upgrades can also be tax-deductible.
The home improvement industry is a lucrative one. It is estimated that the market will hit $510 billion by 2024. However, inflation and rising mortgage rates are taking a toll on home remodeling. In fact, the Harvard Joint Center for Housing Studies predicts that the growth in the industry will slow down this year.
While some of the largest players are shifting to omni-retail strategies, newcomers are bringing fresh competition to the market. Some of these firms specialize in niche services related to specific issues and needs.
For instance, a Disaster Restoration business provides cleanup and restoration following a natural disaster. Another type of business, Eco Home Solutions, specializes in providing environmentally-friendly solutions.
These firms take advantage of green building incentives and are geared toward improving energy efficiency and safety.
These companies work to provide clients with a positive experience while remodeling or restoring their homes. Many are also members of reputable associations.
When looking for a contractor, you should find out how long he has been in business. A firm that has been in business for a long time is more likely to provide quality service and satisfy customers.
You should also check to see if the company has insurance and references. The company should be licensed in Westchester County and Suffolk County. You should also be able to observe the finished project.