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Increased disposable income could yield more homebuying, remodeling

Since 2006, per capita disposable income in Texas increased 15 percent to $36,631.In what could be another indicator of a strong local economy, disposable income among Texas households surged during the past five years.

Since 2006, per capita disposable income increased 15 percent to $36,631 in 2011, according to the U.S. Bureau of Economic Analysis. This could give a number of local buyers the funds needed to purchase property and homeowners extra cash to make needed home repairs and updates.

The overall price of Houston real estate increased significantly so far this year, and additional home remodeling could go a long way in continuing this trend.

Homeowners and buyers planning to make updates shortly after they move in should concentrate on particular areas of the home. For example, the most profitable rooms of a home to change are kitchens and bathrooms. 

Households can hope to recoup a considerable amount on their investment, and if they ever choose to sell, could turn these rooms into key selling points of the property. However, before they break ground, they should make sure to do a little homework on reputable contractors in the Houston area to ensure they are hiring the best professionals for the job.     

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The News Staff

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