Remodeling offers numerous benefits to home owners who want to change their living environment without uprooting their family and moving. Home improvements can add more space for a growing family or aging parent, improve energy efficiency and increase the resale value of your home.
Americans spent $152.5 billion on improvements to owner-occupied units in 2017. NAHB’s remodeling forecast expects these expenditures to increase gradually as the broader housing market recovers. Beyond general recovery in the housing market, key factors driving increases in remodeling expenditures will include: preparing homes for re-sale, adding ‘finishing touches’ to a newly purchased home, the aging housing stock, needed aging-in-place remodeling work, and increasing interest in improving home efficiency and green remodeling.
According to the 2017 Joint Center for Housing Survey Studies of Harvard University, households under the age of 35 account for 8.3 percent of the money spent by home owners on professional remodeling jobs. Home owners between the ages of 35 and 54 account for 40.1 percent, home owners 55 and older account for 51.6 percent.
What are the most popular remodeling jobs?
According to NAHB surveys, the top jobs ordered by popularity are:
- Bathroom remodeling
- Kitchen remodeling
- Windows/doors replacement
- Whole house remodeling
- Room additions
- Repairing property damage
- Finished basement
- Handyman services
- Enclosed/added porch
Join us in promoting professional remodeling throughout the month. It’s the perfect opportunity to bring attention to the benefits of hiring a professional remodeler for home renovations and improvements. Share your remodeling photos & videos using the hashtag #GreensboroRemodelers
Mark Your Calendars: Our 21st annual Tour of Remodeled Homes will be held on Saturday & Sunday, August 4-5 providing an opportunity to showcase the very best in professional remodeling including complete home renovations, kitchens, baths, additions, outdoor living and more!