Home Remodeling More Popular Than Ever as New Home Prices Rise

CHESTER, Pa., June 27, 2013 /PRNewswire/ -- According to the Census Bureau, a 28.9 percent rise in new home sales since last year-- coupled with a lack of premium existing properties on the market-- is causing home renovation spending to hit a six-year high. Power Home Remodeling Group, one of the nation's largest home remodeling companies, cautions homeowners to spend smartly on remodeling projects by investing in fundamental improvements such as roofing, siding and window replacement that will earn the biggest return on investment in this time of cautious optimism as the housing industry continues to slowly improve from the recession. According to Remodeling Magazine, homeowners who invest in an upgrade to vinyl siding will recoup around 72 percent of the renovation's costs in added value to the home.

"Homeowners are investing money in their homes again as the cost of renovations is less than the cost of buying a new property and selling their existing property. Though it may be tempting for homeowners to make personalized improvements, it is important to spend money wisely when renovating and focus on upgrading basic home functionality to get the biggest bang for their home improvement buck," says Corey Schiller, Power's chief executive officer.

Power offers the following tips for exterior home improvements that update a home's style and curb appeal while also making it more valuable:

To learn more about exterior home improvements that have a high return on investment, visit PowerHRG.com or call 1.888.REMODEL.

About Power Home Remodeling Group

Family-owned since 1992, Power Home Remodeling Group is the nation'ssixth largesthome remodeling company with more than 1,200 employees and $170 million in sales. Headquartered in Chester, Pa., Power provides energy-saving and environmentally friendly exterior remodeling solutions to residents across the country, including Connecticut, Delaware, Georgia, Illinois, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Virginia, and Washington, DC.AnInc. 5000company, Power has served more than 87,000 homeowners and is recognized as a home improvement leader by its two-time "Dealer of the Year" award fromWindow and Door Magazineand was named the top remodeler onProfessional Remodeler's 2012 Market Leaders Philadelphia list.For more information please visit PowerHRG.com, or follow the company on Twitter@PowerHRGand Facebook atfacebook.com/PowerHRG.

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Home Remodeling More Popular Than Ever as New Home Prices Rise