NAR research highlights popular home improvement projects
Posted on Friday, July 19, 2013 at 12:33:31 PM
Home ownership can be fun and exciting, and many people are choosing home improvement financing to make desired changes, both inside and outside the house.
Recent data released by the National Association of Realtors compiled information on what improvement decisions homeowners were making, and why - region, demographics and household composition all factored in. The results for the 2013 Profile of Buyers' Home Feature Preferences determined that popular choices for upgrades were kitchens and baths, while individual projects centered on lighting and appliances.
Additionally, buyers were picky about what they wanted in a new home, and what changes to make once the deal was done.
"Deciding where to live comes with a lot of options, but buyers quickly realize that some features are more important than others when it comes to choosing the right house for them," said NAR president Gary Thomas. "Buyers need to have a clear idea of what features are important to them and know where they are willing to compromise."
Other popular home upgrades made using home improvement financing include skylights and changes to lighting fixtures, according to The Courier-Express. Some homeowners chose to focus on the outside, replacing old siding with new vinyl versions.
The NAR report added that one important decision factor was location, as the house's region determined a lot of home improvement preferences.