Homeowners who decide to undergo a home improvement project, whether it be interior or exterior modifications, often find that the task was worth the investment and time, according to a new report from the National Association of Realtors, with insights from the National Association of the Remodeling Industry.
Tag: home remodeling
With memories of the most recent economic downturn still fresh, it can be hard to not leap onto every opportunity for new business that arises. But if you don’t take time to qualify leads, you can get stuck wasting a lot of valuable time and money with a customer who really isn’t a good fit.
A national survey commissioned by Erie Insurance found that more than half of U.S. homeowners (53%) are happy with the features they chose for their homes, but the rest (47%) regret one or more of the features they chose.
Across the country, people are largely happy with their current homes, and would rather stay in them and make updates than move. The latest Zillow Housing Aspirations Report finds that 76% of Americans would rather use a set amount of money to upgrade their home to meet their needs instead of as a down payment on a new home.
Delta Faucet revealed the results of its biannual Homeowner Index survey, which found one in four Americans would spend upwards of $20,000 on their kitchen remodel this season. With an overwhelming majority of homeowners (89%) planning to host a summer gathering, it comes as no surprise that nearly half (46%) of respondents named the kitchen the room they would be most likely to remodel.
More than one out of four (27%) homeowners reported using their smartphones in the past for a variety of tasks to help with remodeling their homes. According to a new survey of U.S. homeowners by homeowner mobile app provider Planese, the percentage jumped to 40% when they were asked if they planned to use smartphones for future remodeling projects.
With the housing market slowly bouncing back in many communities, homeowners are looking to make improvements to their properties. More than six-in-ten (64%) U.S. homeowners report they are at least somewhat likely to make home renovations or improvements like re-tiling a floor, installing new carpet or re-doing a bathroom in the next 12 months. Two in three (62%) homeowners are planning a painting project.
Kitchen Cabinet Buyers Equally Interested in Operational Performance of Product, Ordering & Delivery
Kitchen cabinet purchasers are increasingly interested in the operational performance of the products they are investing in. According to a new J.D. Power and Associates study, operational performance has increased in importance by 5 percentage points from 2012, becoming equally important to satisfaction among cabinet customers as the ordering and delivery factor. The most influential sources used by customers while shopping for cabinets are the distributor's in-store display (24%) and recommendations from professionals (16%).
The home remodeling industry is expected to experience significant growth in 2013 as homeowners feel more stable with their financial future. Drivers of this positive outlook continue to be postponement of projects (81% reporting) and the improvement of home prices (51% reporting). “Homeowners are still concerned about spending money but will do so because they cannot postpone any longer," according to a National Association of the Remodeling Industry member.
Residential remodeling activity in March 2011 rose 14% in year-over-year comparisons, according to an index compiled by BuildFax. All regions of the country showed gains with the exception of the Midwest, which posted a decline in remodels. The West posted the largest gains, followed by the Northeast and the South.
Housing sales may be creeping back up but many expect that the remodeling industry won't return to the recent high levels of activity any time soon.