Homeowners’s Focused On Nesting Vs. Feathering the Nest

Houzz.com has recently shared some exciting results of a recent comprehensive study conducted covering Houzz users’ remodeling plans and priorities.

Even in this economy, homeowners are  prioritizing quality of life at home before profit when it comes to  remodeling and decorating. Among homeowners planning to build, remodel or decorate in the next two years:
86 percent cited “improving the look and feel of the space” as an important driver for remodeling projects, while only 47 percent cited ”increasing home value.”
63 percent cited “Making the space more functional”.

These results were consistent across all income and demographic groups.

Homeowner’s also reported that while the economy is having an impact on their home projects, they are more likely to cut back in other areas,  such as vacations and other big-ticket purchases, than to delay or  decrease the budget for their home improvement plans.

Other Key Findings:

In the next two years, 72 percent of homeowners surveyed plan to decorate or redecorate, 40 percent plan to remodel or construct an addition, while 10 percent are planning to build a custom home.

57 percent of homeowners are planning to complete a project in the next two years and hire a general contractor,

35 percent a kitchen or bath professional,

32 percent a carpet or flooring professional,

26 percent an interior designer.

If you would like more information please visit Houzz.com …. It’s a geat website and I highly recommend it for lots of pictures and ideas.

If you would like more information on a specific project such as a kitchen remodel, bath remodel, basement finish/ remodel, or home addition, please call us or visit our website: KeystoneRemodeling.com.

 

 

 

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