Remodeling is a growing trend for homeowners in 2014. According to researchers at the Joint Center for Housing Studies at Harvard University, home remodeling activity is expected to reach a five-year peak during the third quarter this year. Experts anticipate a 9.4 percent increase in remodeling spending as compared to 2013.

Source: Joint Center for Housing Studies at Harvard University

Continued low interest rates and robust home sales are two reasons now may be a great time to consider your next home improvement project.

Whether you’re going to stay in your home for a while and enjoy the upgrades or you plan to move in the future, a remodel improves your property value and can pay off when it’s time to sell.