84% of Homeowners Planning to Remodel in 2016 Will Hire a Professional
With 84% of Homeowners planning to remodel this year, hiring a professional as opposed to taking the DIY route, is the desired choice. The top three reasons for doing so are:
1. Delivering a quality product.
2. Finding the right products and materials.
3. Staying on budget.
For 2016, it is expected that 52% of all homeowners will begin a remodel project. According to a Houzz survery, here are the reasons why homeowners remodel?
1. 38% say that they now have the time to work with a remodeling company.
2. 37% say they now have the financial means.
3. 26% will remodel because of a recent home purchase.
49% of homeowners want to remodel to say in same location, or to take advantage of a desirable location for resale.
The most popular remodeling area is the home’s Interior. Second most common is the Systems (plumbing, electrical, etc.) and third is the Exterior.
The frequency of top Interior remodels among homeowners that renovated in 2015 is:
Kitchen - 31%,
2Guest Bath – 26%,
Living /Family - 25%
Master Bath – 22%.
The frequency of top Systems upgrades among homeowners that renovated in 2015 is:
Plumbing – 28%
Electrical – 25%
Home Automation – 19%
The frequency of top Exterior remodels among homeowners that renovated in 2015 is:
Painting – 21%
Windows and skylights – 20%
Doors and Roofing – 18%
Some additional numbers based on the Houzz survey - Almost 80% of all homeowners ready to begin a remodeling project are over 35 years of age. The number of renovation projects in 2015 showed an increase over 2014. And kitchen and baths continue to be the most popular remodeling projects, and will continue to be that way throughout 2016.
Big Island Builders is a Naples, Florida-based Luxury Custom New Construction and Remodeling company, since 1999. Building and renovating in Naples' and Marco Island's finest neighborhoods and communities, Big Island Builders takes pride in every new home and remodeling project - built with the finest products and materials in today's market. For more information, please call 239.262.6867, or visit bigislandbuilders.com