National Association of Home Builders Releases Findings from Recent Study Exposing Most Popular Renovations and the Reasons Behind Them
In early May 2012, the National Association of Home Builders (NAHB) released their findings from their First Quarter 2012 Remodeling Market Index: Special Questions on Most Common Jobs & Reasons for Remodeling. Pulled from the survey responses of 395 professional remodelers, the study reveals some of the most popular renovations requested by their clients during the previous year, as well as the reasons cited for the need for the renovation.
According to the study (measured in percentage of respondents) , the ten most common renovations throughout 2011 included:
1) Bathroom Remodels – 78%
2) Kitchen Remodels – 69 %
3) Window and Door Replacements – 44%
4) Repairing Property Damage – 36%
5) Whole House Remodeling – 35%
6) Room Additions – 33%
7) Handyman Services – 31%
8) Basement Finishing – 27%
9) Roofing – 24%
10) Siding – 23%
What was perhaps most revealing about this study – besides the fact that Bathroom Remodels eclipsed Kitchen Remodels for the third year in a row, at an all-time high nearing 80% – were the reasons homeowners gave to the remodelers for the reasons behind the renovations.
The Top Five Reasons Homeowners Opted to Remodel during 2011:
1) Need to Repair or Replace Old Components
2) Desire for Newer/Better Amenities
3) Desire/Need for More Space
4) Wish to Avoid Moving/Buying a New Home
5) Repairing a Damaged Property
Other reasons of note included Desire to Grow Old in Current Home, Energy Efficiency/Environmental Concerns, Wish to Increase Value of Home as an Investment, Change of # of People Living in the Home, and Prepare for Resale (non-distressed property).
Fortunately for our clients – both current and future – Highlight Homes specializes in each of the top ten renovation projects listed above, and we have a clear understanding of the reasons behind them. If you’ve been considering a home renovation and your motivations fall into any of the top five reasons outlined in this article, we invite you to contact the experienced design/build team at Highlight Homes for a no-obligation consultation. You can reach us – day or night – by calling 678-873-9234, e-mailing info@highlighthomesga.com, or filling out our convenient online contact form TODAY! To learn more about Highlight Homes and all of our custom construction and home renovation offerings, please visit us online at www.highlighthomesga.com.
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