Remodeling for Today’s Homeowner
Why More Homeowners are Choosing to Remodel
Are you thinking about updating your home soon? You are certainly not alone. A recent study shows that 9 out of 10 homeowners plan to remodel within two years. This trend is especially popular with younger generations. About 91% of younger homeowners want to start a project soon. Even 82% of owners over 65 plan to make some changes.
Remodeling for Comfort, Not Just Resale
Most people aren’t looking to sell their homes right away. In fact, only 17% of those surveyed are remodeling to list their house. Many homeowners simply want to improve the space they already love.
Low housing inventory is a major reason for this shift. It is often easier to renovate your current house than to find a new one. Homeowners are taking matters into their own hands to create their dream living space.
Popular Projects and Planning Your Budget
Where are people spending their hard-earned money?
- Kitchens remains the top choice for 50% of those surveyed.
- Bathrooms are a close second at 45%.
- Many others are focusing on bedrooms or living areas to improve their daily lives.
Budgeting is a key part of the planning process. About half of homeowners plan to spend $10,000 or less. Meanwhile, 20% expect to invest $50,000 or more into their projects.
Let Almar Building Guide Your Journey
Investing in your home is a big decision. At Almar Building, we understand how overwhelming it can feel to choose the right project. Our expert team is here to look out for your best interests.
Through our proven Development Process, we help you navigate every single step. We listen to your goals and ensure your investment makes the most sense for your lifestyle. Let’s work together to make your remodeling project a success!
