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12 best home improvement loans for aging in place
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. You can use home improvement loans to cover expenses for any home renovation project without putting your equity at risk. (Shutterstock) Staying in your own home as you age is called “aging in place,” and it’s a goal for many Americans. Nearly 90{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of Americans over age 65 want to stay in their homes as long as possible, according to a…
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Home renovation: Lifestyle changes, aging homes, rising prices spur record spending | Science & Environment
About a year after the onset of the pandemic, Kathy Lange-Novak and her husband, Frank Novak, decided it was time to update their Fitchburg home. After 26 years, the floors, countertops and appliances were showing their age, and the couple thought they needed to upgrade before putting the house on the market. “This is the first time we’ve remodeled anything,” Kathy said. “It needed an overhaul.” Like so many Americans, the recently retired couple had spent most of the past year at home as COVID-19 health restrictions limited their social activities. “It’s one thing when you go, ‘We could really use new carpeting, but we can go to the movies,’”…
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Aging houses are fueling a home improvement boom
The residence advancement growth shows couple signs of slowing down. Lowe’s told shareholders Wednesday its very same-store sales ended up up 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the fourth quarter. The organization also elevated its profits forecast for the yr to $99 billion. That was after House Depot reported an 8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} boost in same-shop income the working day before. A single massive reason for the advancement: a housing stock that’s obtaining old. In 2005, the median age of an proprietor-occupied property in this state was 31 a long time. It’s been climbing at any time due to the fact, to about 40 years nowadays. Why? “Well, the simple fact that we’re not tearing down…
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Aging Housing Stock Fuels Home-Improvement Boom
Lowe’s states exact-keep product sales rose 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in 4Q 2021, in aspect for the reason that the housing inventory is growing old and a lot more frustrated purchasers are opting for 30-moreover year-aged properties. NEW YORK – The household enhancement increase reveals couple of signals of slowing down. Lowe’s explained to shareholders Wednesday its identical-retail outlet gross sales ended up up 5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the fourth quarter. The company also raised its sales forecast for the calendar year to $99 billion. That was soon after Household Depot claimed an 8{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in similar-store product sales the working day right before. One big explanation for the advancement: a housing stock that is…
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Aging homes with higher values could help Home Depot and Lowe’s this spring
A shopper wears a protecting mask when seeking at flowers in the backyard garden center of a Dwelling Depot retail outlet in Reston, Virginia. Andrew Harrer| Bloomberg | Getty Pictures Spring has presently arrived at some Property Depot and Lowe’s stores, as the organizations roll out displays of yard grills, lawn and garden provides and electricity equipment. The suppliers are gearing up for the household enhancement industry’s peak offering year: Warmer weather months when home owners and contractors are inclined to tackle much more assignments. But the transform of year is not the only aspect driving desire. The country’s ageing housing stock is forcing home owners to change roofs or…
