“The fall 2011 U.S. Remodeling Sentiment Report shows that after a year of stabilization in 2010, the unrelenting bad news about the economy this summer is driving many homeowners to reconsider and either delay or scale back their remodeling plans,” says Dan Fritschen, founder of www.remodelormove.com .

Further evidence of the dour mood of homeowners is the number of respondents who report that they plan to use “economy” materials in their remodel; this rose to 77% in this most recent report, up from 68% at the beginning of 2011.

Other findings include:
* 19% of homeowners report their goal is to remodel to create their dream home, while 58% hope to remodel with the goal of adding a few special features to their homes.

* Most homeowners in this survey, 51%, say they are excited about remodeling, but 11% are dreading the process, costs, inconveniences, and mess.

In this latest report homeowners reported they are planning to:

Hire an architect			48%
Hire a general contractor		67%
Do some of the work themselves		62%
Remodel bathrooms			47%
Add a bathroom				51%
Remodel their kitchen			48%
Finish a basement			13%
Finish an attic				6%
Enlarge or add a garage			17%

A detailed report is available at: http://www.remodelormove.com/shopping/view_product.cfm?pID=42 .

Additional information can be found at: http://www.remodelormove.com/survey_reports.cfm .

To learn more about home value appreciation estimates, visit: www.remodelestimates.com .

- News RSS feed for ABCD: http://send2pressnewswire.com/topics/abcd-publishing-llc/feed .

News Source: ABCD Publishing LLC :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Of the 5,000 homeowners surveyed, today the average amount of home equity is $106,000 compared to $176,000 in 2009. This trimmed equity is partly due to a reduction in the average home value from $302,000 to $281,000.

If a homeowner moves, the report showed that the new home that meets their needs will cost, on average, $428,000. This is $145,000 more than what they could sell their current home for. On the other hand, the remodel cost estimate is approximately $100,000 to make similar improvements to their existing home.

“To remodel or move has always been a difficult decision for homeowners,” says Dan Fritschen, founder RemodelOrMove.com. “This most recent survey reaffirms that both options could cost the homeowner more than $100,000. The calculator on our site can help homeowners to quickly gather information on renovating and moving and then make a recommendation which is best for an individual’s situation.”

Fritschen adds that anyone who is considering a move or remodel should work with a real estate agent who can give them three key data points: an accurate estimate of their home’s value, the amount their home could appreciate as the result of a remodel and the price of a different home that would meet their needs.

So, what changes do homeowners want to make if they remodel or move? The Spring 2011 report includes the following data:
- 57 percent report that they would like to have at least one additional bathroom;
- 49 percent would like a kitchen renovation;
- 46 percent are looking for more bedrooms; and
- 44 percent would like a bathroom remodel.

While home expansion and renovation is on many people’s minds, the majority in the survey reported that they are very satisfied with local schools, their home’s location and neighborhood.

A detailed report is available at: http://www.RemodelOrMove.com/shopping/view_product.cfm?pID=42 .

Additional information can be found at: http://www.RemodelOrMove.com/survey_reports.cfm .

To learn more about home value appreciation estimates, visit: http://www.remodelestimates.com .

RSS news feed for ABCD Publishing:
http://send2pressnewswire.com/topics/abcd-publishing-llc/feed .

News Source: ABCD Publishing LLC :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Plain text copy of press release: send2pressnewswire.com/mediadrome/2011-01-0125-001.txt .
PDF copy of release: send2pressnewswire.com/mediadrome/news_2011-01-0125-001.pdf .

The fall 2010 U.S. Remodeling Sentiment Report shows that after a year of steady remodeling declines in 2009, the interest in remodeling stabilized in 2010. However, the size and scope of the remodeling projects are much smaller when compared to 2007/2008.

For instance, small bathroom additions are the most popular.

“They are also often the smartest remodeling project,” explains Fritschen. “Small bathroom additions make good economic sense because they can increase the home’s value.”

However, survey respondents did indicate that while they are still planning to add a bathroom, the average size has decreased from more than 70 square feet in 2008 to just 60 square feet in 2010.

Beyond the bathroom, additional signs point to changes in the home improvement industry. They include:
- The average number of rooms that homeowners plan to remodel fell from 3.7 in 2007 to 2.7 in 2010.
- Home equity increases in 2006 and 2007 encouraged spending, but now as equity shrinks, homeowners are scaling down their projects.
- In the 2008 report, homeowners stated that their homes were worth an average of $390,000 with equity of $155,000. Today, the average value of survey respondents home’s value is just $289,000 with equity at $110,000.

So, what appears to be the biggest concern? According to the report, 85 percent of respondents said the cost to remodel. However, the news is not all bad. While the scale and number of remodels is down, the interest from homeowners who are in a position to remodel is strong and their taste for higher-end designs and expensive materials remains.

More than 12 percent of respondents reported that they plan to use expensive materials in their remodel; almost 50 percent reported that they are excited to start their remodeling project; and 84 percent plan to start in the next 12 months.

Summary Results from the Report 		2008		Fall 2010
Homeowners who report they: 					 
* Plan to hire a general contractor:		66% 		66%
* Plan to do some of the remodeling work: 	67% 		64%
* Plan to remodel a bathroom: 			49% 		44%
* Plan to remodel the kitchen: 			55% 		50%
* Plan to add a bathroom 			49% 		52%.

A detailed report is available at: remodelormove.com/shopping/view_product.cfm?pID=42.

Additional information can be found at: remodelormove.com/survey_reports.cfm.

To learn more about home value appreciation estimates, visit: www.remodelestimates.com.

News Source: ABCD Publishing LLC :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®.

» Plain text copy of press release (and media contact)
» PDF copy of press release (and media contact)

STORY REFERENCES: Industry Report Reveals Home Remodeling Projects Shrink as Homeowners Worry; But News Is Not All Bad, Remodelormove, ABCD Publishing LLC, Remodel or Move, Dan Fritschen, fall 2010 US Remodeling Sentiment Report, interest in remodeling, homeowners, homes, redo, fixup, fixer upper, invest, construction, real estate

According to the report, “Enterprises considering a public API initiative should explore the potential of cloud-based management and intermediation solutions.”

As APIs are becoming the common denominator of cloud-based services, whether private or public, mobile or Web, more and more companies are willing to leverage that opportunity of developing new sources of revenue. 3scale helps them to implement their API business strategy and focus on creating and expanding a valuable ecosystem of partners and developers instead of spending time and money on creating a services management infrastructure.

“The API space is seeing massive acceleration right now. We believe being included in the Gartner Cool Vendors Report shows how much traction we’re getting. 3scale is the go-to partner for flexible deployments with customers from large enterprises to small startups,” said Steven Willmott co-founder and CEO of 3scale.

About 3scale:

3scale is the leading provider of SaaS API Management solutions. Since its launch — and in less than a year — over 20 innovative companies such as Wine.com, Deepdyve and Ecordia have adopted 3scale solutions to control the online distribution and usage of their digital content and services, foster innovation and create new revenue channels.

Based in Sunnyvale, CA, and Barcelona, Spain, 3scale is privately held and backed by Inveready a leading European investor. For more please visit www.3scale.net .

About Gartner’s Cool Vendors Selection Process:

Gartner’s listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn’t do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner’s interest or curiosity in approximately the past six months.

*(Note 1) Gartner “Cool Vendors in Cloud Management, 2010,” by Milind Govekar, Cameron Haight, David Mitchell Smith, Eric Knipp, Gene Phifer, Daryl C. Plummer, March 31, 2010.

News Source: 3scale :: This press release was issued by Send2Press® and is Copyright © 2010 Neotrope® News Network – all rights reserved.