BackRemodel a Space to Make a Huge Impact01/25/24

Houzz.com recently published its 2023 U.S. Houzz & Home Study: Renovation Trends, which revealed that many homeowners are remodeling for the long run, intending to stay in their homes for 11+ years. Nearly 3 in 5 homeowners remodeled or decorated in 2022 (58% and 57%, respectively),and nearly half made repairs (48%). The top locations for interior residential renovations are the kitchen and bathroom. Also, another increasingly popular renovation is aging in place modifications to make the home safe for the aging homeowners.

The below chart shows the frequency of renovations from 2020, 2021, and 2022. If you notice, the trend is increasing each year for interior room remodels, home system upgrades (plumbing, electricity, HVAC, etc), home exterior upgrades, outdoor upgrades (patio, porches, pool areas, outdoor kitchen, deck, etc), and home additions.

Hiring Home Remodeling Professionals

Not all home remodeling companies offer in-house design services. However, companies like Wineteer offer in-house design services from the company owner. The design element of the process is critical for the homeowner to visualize the remodel.

While homeowners hired specialty service providers most frequently in 2022 (46%), construction professionals —such as general contractors and kitchen or bathroom remodelers — came in a close second (44%). The share of homeowners who relied on construction pros grew by 6 percentage points (from 38% in 2021), as did the share relying on design-related pros (growing from 20% in 2021 to 26% in 2022). – https://www.houzz.com/magazine/2023-u-s-houzz-and-home-study-renovation-trends-stsetivw-vs~166887998

If you’re trying to explore a new home remodeling project, let’s talk. Contact us for a free consultation.