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General Information
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Life is Worth Fixing! When people ask why remodeling is growing, the answer is
very basic arithmetic. According to the US Census Bureau, there are now nearly 125 million housing
units in the United States, and of that number over 95 million were built before 1990.
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Everyone who knows construction recognizes that houses, if they are structurally sound, tend to last
forever, but their integral parts wear out on a predictable basis. Roofs wear out in a 15-20 year cycle,
kitchens and baths become outdated in about that same time frame, major equipment such as hot water
heaters and furnaces wear out on a predictable cycle, and every house needs constant upkeep and
maintenance. So, as we add one million new units each year at a minimum, and the existing housing
stock gets one year older, there is increasing market for remodeling and renovation.
In the commercial, institutional, and industrial segment there are in this country just under 5 million
buildings. Of that number, 60% are over 20 years old, and some 750,000 are at least 60 years old.
All real estate needs constant upkeep and maintenance, and thus the market for remodeling, but even
more, the market for repair and maintenance.
If you'd like to read more about statistical factors regarding the specific area of repair and maintenance,
click here.
Most importantly, it means that more attention is going to be given to taking care of an existing
house to make sure it does not deteriorate in value and that it stands the chances of being sold as
a mint condition house rather than one that shows deferred maintenance.
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