Current economic conditions also play a part in this decision. We have all heard about the crisis in the mortgage industry and the downturn in housing starts in our country. Fortunately, we in Utah have been somewhat insulated from the national problems. Still, we currently have what is commonly termed a "buyer's market" in the housing industry. This means that you can get a good deal on another house, but you will get less when you sell the house you own.

There are some real benefits of the current situation that favor remodeling. The downturn in new construction has left general contractors — and particularly subcontractors — looking for work. A year ago, you couldn't hire a good framer to save your life, but they are now out there ready and willing to work for about half of what they were charging last year.

Materials, such as lumber, are also cheaper today, thanks to the decrease in demand. And, while it may be harder to qualify for a loan these days, if you do you can take advantage of the lowest interest rates seen in years.

Take some time to review your physical and emotional needs and the current market conditions to see if now is the time to turn your remodeling dreams into reality.

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Architects Ann Robinson and Annie Vernon are founders of Renovation Design Group, www.renovationdesigngroup.com, a local architectural firm specializing in residential remodeling design.