Homeowners who decide they need to shake things up have two options. They can move or they can remodel their current home.
In this current economic environment, both options are quite expensive. House prices are near all-time highs and mortgage rates are north of 7%.
Remodeling costs are up for a lot of the same reasons. In addition to general inflation, labor and material costs have surged over the last 18 months.
But if you can put off your home remodeling project until next year, costs could come down. A recent study from the Harvard Joint Center for Housing Studies