What Record-Low Mortgage Rates Mean for Remodeling Franchises

LA CROSSE, WI--(Marketwire - Jan 15, 2013) - Mortgage rates that remain at historically low levels are spurring a rise in home buying and new construction -- two factors that should make 2013 an excellent year for remodeling businesses like Kitchen Solvers.

Remodeling is expected to rebound strongly this year, Abbe Will, a research analyst for Harvard University's Joint Center for Housing Studies, said on a recent episode of The Wall Street Journal's MarketWatch radio segment. Will's prediction is based on her center's analysis of past data on housing starts and buyer activity and positive expectations from remodelers Harvard surveyed.

In essence, a tight rental market with few vacancies and high rents, combined with record-low mortgage rates, has pushed people back into the home market -- and a flurry of remodeling activity often accompanies spikes in home buying.

Kitchen Solvers franchise owners have witnessed the uptick firsthand.

"There's a positive feeling at the home shows that I attend," said Fran Rainey, owner of the Kitchen Solvers in Rochester, Minn. "A lot of people are walking around and want to know what we can do for them."

Kitchen Solvers, which has 75 locations in the United States and Canada, offers a full range of kitchen remodeling options, from a complete kitchen remodel to less expensive and time-consuming repair and refacing of existing cabinets.

The 30-year-old company pioneered high-end cabinet refacing, a process that reduces waste and saves time and money by merely updating the doors, hinges and surfaces of the cabinets while leaving the frame, usually the sturdiest part of the structure. Kitchen Solvers jobs can save clients weeks of work and aggravation and thousands of dollars.

Kitchen Solvers isn't just a refacing company, though. Franchisees guide customers through the entire remodeling process, helping with ideas, explaining options and creating renderings to ensure customers get the best value.

Kitchen Solvers franchisees benefit from proven systems, extensive training and business coaching, buying cooperatives and a network of other franchisees -- a support system that has helped franchisees succeed for 30 years. To learn more about Kitchen Solvers, visit http://www.KitchenSolversFranchise.com.

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What Record-Low Mortgage Rates Mean for Remodeling Franchises