How seniors can tap home equity for renovations and ADUs

"Renovation is a massive market. Americans spend over $500 billion every year renovating their homes. Sometimes these are cosmetic choices, but often it's a necessity. People's families are changing. They have kids, their parents move in as they age, and they need to reconfigure and adapt their space. Renovating is usually the most expensive purchase you make, other than buying the home itself."

"Homeowners are not construction experts. They have no idea about the actual work that needs to be done—plumbing, electrical, etc. They have no idea how much things should cost. We first help homeowners figure out what to do with their space—things like design and budgeting. We do that through a combination of AI tools on our platform and our team."

"When homeowners are ready to actually meet contractors, host site visits, get bids and potentially go renovate, we match them with a curated selection of contractors from our vetted network. And homeowners hire them through the platform, communicate with them there, so they always have a safety net."

Block Renovation operates a platform designed to simplify major home renovation projects ranging from $10,000 to millions of dollars. The company addresses a significant market where Americans spend over $500 billion annually on home renovations, often driven by family changes or necessary adaptations. Homeowners typically lack construction expertise and struggle with design decisions, cost estimation, and contractor selection. Block Renovation combines AI tools with human expertise to help homeowners plan their projects, understand budgeting, and make informed decisions. The platform then matches homeowners with vetted contractors, facilitates site visits and bidding, and enables ongoing communication through the platform, providing homeowners with security and support throughout the renovation process.

Read at www.housingwire.com