Since the housing market saw a significant decline nearly ten years ago, homeowners have been trying to recoup their losses and add value to their homes. Roughly three trillion dollars worth of wealth simply vanished in what was described as the bursting of the housing market bubble; this left the American population skeptical when it came time to invest in their homes once more. Thankfully, the housing market is stronger than ever today thanks in large part to an increase in demand for new real estate — naturally this just means that homeowners are going to have to try and find ways to increase their own home’s value in order to stay competitive on the market.

Remodeling Across the Nation

In 2013, homeowners spent an estimated $130 billion on remodeling projects, a 12% increase from the previous year according to a Houzz survey. A significant majority of these projects were for kitchen and bathroom renovations; an average of $28,030 was spent on kitchen remodeling and $10,422 was spent on the average bathroom renovation. Outdoor projects such as the installation of a deck, pool, patio, gazebo, or new siding for a home also represented a significant portion of homeowner spending as these projects aim to add value and curb appeal to a home. Nearly one out of every four homeowners who remodeled their home stated that they would have preferred to move but remodeling their home made more sense economically at the time.

Tips for the “Do-It-Yourselfer”

With economics clearly taking the center stage for home renovations, many homeowners are trying their hand at remodeling themselves in an effort to save money and exercise their handiness around the home. Naturally, the proper tools and tool management is required for any handyperson, as is the knowledge needed to work those tools. Modern drills are equipped with grasping collets that allow for a wide diversity of drill bits, transforming a drill into a handy multi-tool. The angle of a drill bit actually helps to determine the type of material the bit is capable of drilling: flatter points are best suited for harder materials and may require a pilot hole to keep the bit on track, bits with steeper points are best for softer materials.

Finding Professional Help

Sometimes a job is straightforward and there are no unexpected factors that need to be taken into account — this is rarely the case unfortunately. Thankfully, there are a number of services available to offer varying degrees of help. On the one hand there are tool rental and tool management companies that offer help to aspiring “do-it-yourselfers” in the form of tool rentals, tool sharpening services, and general advice. On the other hand, there is always the option to hire a private contractor to help design and execute the project of your dreams without needing to get your hands dirty. No matter whether your are looking to do everything yourself or whether you are looking to hire a professional to spare yourself from the stress, there are a number of professional tool management and remodeling services in your area to make any job possible.