Remodeling for Today’s Homeowner

By: C. Trey Bird.

According to a new study, 9 out of 10 homeowners plan to remodel their home within the next two years.  91% of younger homeowners say they want to do some remodeling to their home, while just 82% of owners over 65 say the same.

Though renovations can certainly help improve a home’s value on the open market, most remodeling homeowners don’t even have selling on the mind. According to the survey, only 17% of those planning to remodel are doing so to sell their home.

Alexandra Lee, housing data analystfor the website Trulia™, says: it might be low housing inventory that’s spurring these renovations-for-staying-put.

“The tank has been low on inventory for years, and with new construction still sputtering well below pre-recession levels, some homeowners may decide to take matters into their own hands — perhaps not build a new house, but at least remodel their current one,” Lee said.

Budget-wise, almost half are planning to spend $5,000 or less on their remodeling projects. Another 20 percent expect to spend $10,000 or more.

Most homeowners are setting their sights on the kitchen (50% of those surveyed) or the bathroom (45%). About a third want to remodel the bedroom, and 27% want to renovate the living area.

With a growing number of people choosing to stay in their neighborhoods and putting their hard-earned money into improving their current home; it makes sense to choose the projects wisely.

At Almar, we know how overwhelming it can be to try to sort through what areas it makes the most sense, to invest in your home remodeling projects.  We have very experienced people who want to help you make your choices and assist in every step of the way.

Our team has been working with families like yours for over 60 years. And it is important to us that everyone works together to create the best possible experience. If you have questions about your home improvement project please let us know. https://www.almarbuilding.com (781-826-2577) and watch our videos at http://www.youtube.com/almarbuilding.com