Wixom, MI, February 14, 2016 --(PR.com
)-- Back in 2010 Rod Rue, CEO of Majic Window, predicted that the home improvement market would grow significantly for the next 5 to 10 years (Hathaway, "Majic Windows Predicts 2011 Home Improvement Forecast"). "Homeowners are realizing that their best bet is to fix up their current home. They can't move so they mine as well make their home as comfortable as possible."
Rod wasn't wrong. A lot of homeowners simply can't afford to move. Unless they're planning a major downsize or relocating to an affordable market, they're likely going to stay put. After all, it doesn't help that home sales have recently declined 2.3% (Davis, "Pending Home Sales Near Their Lowest Point In 2015").
According to the Joint Center for Housing Studies of Harvard University's leading Indicator of Remodeling Activity, annual spending growth for home improvements will accelerate from 2.4% last quarter to 6.8% in the second quarter of 2016. However, homeowners should be weary that not all home improvements are created equal. Rod Rue of Majic Window advised that these following 3 areas of the home are the top 3 areas to improve for maximum ROI.
1) The Front Door - When you're improving your home you want to start with the areas that will make the biggest impression first. Installing a fiberglass or mid-range steel door is worth more than 117% of the money you put into it ("The Cost To Value of Updating Your Entry Door, Garage Door, and Windows").
2) Add or Restore a Fireplace - A fully functional fireplace can increase the value of your home by as much as $12,000 according to the National Association of Realtors.
3) Replace Carpet With Hardwood - Carpet may be cozy, but buyers prefer the look of clean, glossy wood. Installing hardwood provides an average ROI of 150% ("Flooring With the Highest Return on Investment").
About Majic Window
Majic Window is a family owned home improvement company that has been serving Michigan homeowners for over a decade. Majic offers exclusive, state-of-the-art home improvement products including: fiberglass windows, Owens Corning blown-in insulation, acrylic bath enclosures, seamless siding, metal roofs, SmartStrand™ carpet, hardwood flooring, walk-in tub systems, and the Majic energy audit. All of Majic's produts are installed by highly trained installation specialists.