More home owners are planning to renovate their houses this year, according to Houzz, a remodeling Web site. The company recently surveyed approximately 100,000 home owners, and 53 percent of them reported that now is a good time to remodel.
More home owners getting motivated to increasing the values of their houses by improving the “look, flow, and layout” of these residences.
The most popular renovation projects were centered around bathrooms and kitchens. Twenty-eight percent said they were planning a bathroom remodel or addition, while 23 percent of those surveyed said they were planning a kitchen remodel or addition in the next two years. Over the last five years, home owners have spent $28,030 on average to remodel their kitchens, according to the Houzz survey.
Source: “Interest in building, remodeling homes picks up,” Inman News (March 28, 2013)