Nesting is the new flipping, or remodeling is up

An article posted yesterday at CNNMoney.com announces that in this turbulent real estate market, “Nesting is the new flipping“. With many homeowner’s reluctant to sell at their homes for a loss, remodeling activities are on the rise.

While the Minneapolis housing market may be improving, many homeowners would have to slash their prices in order to unload their homes. Instead of selling to move to a bigger and better home, remodeling activities are a practical option to get a bigger kitchen, an extra bedroom, new basement usable square footage or just nicer spaces overall.

It’s a great time to remodel in the Minneapolis-area, especially if you can handle a little bit of turbulence while staying put in your current home. Construction companies are getting busier, but you’ll still have ample companies willing to bid to renovate your home, and you’ll likely find some good deals (though price should never be the sole factor when you pick a contractor partner).

Check out the CNNMoney article above, and contact us if you’re interested in seeing how to invest more in the home you already love rather than deal with the hassles of selling.