NAHB: Homeowners have 'discretionary funds' for improvement jobs
Posted on Friday, June 5, 2015 at 10:34:01 AM
As much of the country realizes some level of financial stability, home remodels have become popular investments again, with the most common type being kitchen and bathroom improvements.
National Association of Home Builders Remodelers recently released a survey on the most popular remodeling jobs completed by its members. It found that home improvement that comes about through the need to repair something is falling by the wayside in favor of remodels simply because homeowners strive for better houses, and have the money to make that happen.
Remodelers' clients simply have have more access to home improvement financing, for projects that aren't quite necessary, but bring new and better things into their homes. Improved "style, comfort and safety" are the reason behind many of these remodels, Robert Criner, chairman of NAHB Remodelers, noted in a press release.
From 2013, bathroom and kitchen remodels were up 6 percent and 7 percent, respectively. Of the remodelers surveyed, 78 percent listed bathrooms as a common job, "a return to an all-time high," according to the press release. Window and door replacements, room additions, whole house remodels and property damage repairs were some of the other improvements that proved popular among remodelers' clients.