Marcella’s Clearance Center in Schenectady, planned for renovations, damaged in Tuesday fire; Owner responds

Categories: -The Daily Gazette, Business, News, Schenectady County

SCHENECTADY — Not even three weeks after announcing plans to renovate his Crane Street appliance store, John D. Marcella is trying to figure out if the building is salvageable after a fire broke out there Tuesday morning.

The fire was called in at the 810 Crane St. building at around 8 a.m. Tuesday. The initial cause is believed to be water seeping into a light fixture, Marcella said.

The century-old building serves as a clearance outlet and a warehouse for the larger headquarters of Marcella’s Appliance Center down the hill on Broadway, as well as a smaller Clifton Park retail location.

In late September, Marcella’s announced it would renovate the façade and other parts of the Crane Street building. The Schenectady County Metroplex Development Authority announced it would provide a $50,000 façade grant for the project, which it said would boost the

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It’s not just your neighborhood. Contractors are incredibly busy with home renovations

From the sound of things in some neighborhoods, you might not think the economic downturn has been all that severe in Massachusetts.



a person standing in front of a building: President and owner of Golden Builder Construction Tomasa Pujol at a residential job site in Dorchester.


© Pat Greenhouse/Globe Staff
President and owner of Golden Builder Construction Tomasa Pujol at a residential job site in Dorchester.

Saw blades are buzzing, nail guns are popping, and drills are spinning as contractors descend on home renovation projects in huge numbers. It’s a striking aberration in an economy where many businesses continue to suffer and unemployment remains high.

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The activity is also another indication of how unevenly the economic fallout from the COVID-19 pandemic has been distributed. Some homeowners ― often those whose incomes have not taken a hit ― have reduced costs for commuting, travel and other expenses, giving them more discretionary income. At the same time, interest rates for home equity loans and mortgages are historically low, making it cheap to borrow money.

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The Best Way to Pay for Home Renovations This Fall

Given that most of us have been sheltering in place since March, it’s no wonder that we’re in the mood to renovate our homes. The online remodeling platform Houzz reported a 58% jump in the number of contractors’ project leads this June from the year before. Contractors working in outdoor spaces saw the largest increase, as folks looked to have pools and spas installed. Homeowners also seem far more interested in decks, patios, and landscaping than they were pre-pandemic. Kitchens and baths, traditionally the most popular remodeling projects, saw a 40% increase in demand.

If you’re itching to give your place a facelift, you may wonder about the best way to pay for it. Here are six possible home renovation financing options:

1. Personal loans

Personal loans are available through online lenders, banks, and credit unions. It is not uncommon to find personal loans for as much as $100,000. If

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Comparing 4 ways to pay for home renovations

After months of lockdown during the pandemic, many have become aware of the failings of their homes. Whether you want a cosmetic update or think your home may have a more serious problem, how to pay for a renovation may be your main concern.

We asked Todd Nelson of home improvement lender LightStream for suggestions on how to decide which projects to do and how to stretch your budget without derailing your long-term financial plans.

“Rather than procrastinate because you don’t know what to do first, it’s best to prioritize your projects,” wrote Nelson in an email. “If you’re not sure about the condition of your home, consider having your home assessed by a licensed home inspector. Tackle structural and mechanical system issues as soon as possible to ensure your home’s physical integrity and safety, as well as to prevent costly repairs in the future.”

While hiring a home inspector

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