Smart Ways To Use Your Home Equity for Remodeling By using your home equity to fund renovations, you are essentially using your home’s worth to improve its worth. But, while a shrewd strategy, it has its drawbacks too, and evaluating the advantages and… Read More Bankrate https://www.bankrate.com/home-equity/home-equity-for-improvement-renovation/
Read MoreMonth: May 2024
Should I Add an ADU to My Home?
Should I Add an ADU to My Home? Wish you had a mini home separate from the main residence on your property? Yearning for a rental unit that doesn’t require tenants cohabitating with you inside your home? An accessory dwelling unit (ADU)… Read More The Mortgage Reports https://themortgagereports.com/101606/adding-an-accessory-dwelling-unit
Read MoreDesigner-Approved Bathroom Trends Taking Over 2024
Designer-Approved Bathroom Trends Taking Over 2024 Even without a full bathroom remodel, there are plenty of ways to refresh your aesthetic and incorporate these designer-approved bathroom trends for 2024 — whether you’re upgrading a small… Read More Good Housekeeping https://www.goodhousekeeping.com/home/decorating-ideas/g46108269/bathroom-design-trends-2024/
Read MoreHome Renovations Worth the Cost, According to Millionaires
Home Renovations Worth the Cost, According to Millionaires While trends come and go — hello custom bookshelves to impress clients on Zoom — home renovations are still top of mind. Three experts in the home remodeling field sat down to discuss their top tips… Read More Yahoo! https://finance.yahoo.com/news/3-home-renovations-worth-cost-200009583.html
Read MoreTop Renovations That Increase Home Value in 2024
With mortgage rates and home prices at all time highs, 2024 just isn’t looking like the time to buy a home. However, that doesn’t mean you can’t invest in the one you already have, or even purchase a home in need of some, or substantial work. A survey released in early May by Discover Home Loans found that more than half (55%) of American homeowners would rather renovate their current home than move to a new one. This is leading to a surge and significance in repairs and renovations. Many…
Read MoreIs Engineered Quartz the New Granite?
Natural stone countertops are losing popularity amongst other popular kitchen countertop materials, as reflected in Houzz’s 2024 Kitchen Trends Study. In this study, United States homeowners currently or just completed updating countertops, or remodeling their kitchen were surveyed to gather such data. “Engineered quartz has notably increased in popularity as a countertop material, rising by 4 percentage points compared with the previous year,” the study shared. The rise comes after quartz being favored by 42% of respondents in 2022 and 2023. The jump to 46%, though not significant, has the…
Read MoreBuilding Material Prices Continue to Rise in March
According to the most recent Producer Price Index (PPI) report published by the U.S. Bureau of Labor Statistics, inputs to residential construction, goods less food and energy, increased for the fifth straight month. This index, for inputs to residential construction, goods less food and energy, represents building materials used in residential construction Following a 0.54% increase in February and a 1.25% in January, the non-seasonally adjusted index increased 0.21% in March. The index continues to grow at a faster rate than 2023 as the average monthly change in 2023 was 0.15%…
Read More2024 U.S. Houzz & Home Study: Renovation Trends
Houzz released its 2024 U.S. Houzz & Home Study report. The findings are supported by a total of 32,615 users, including 17,713 renovating U.S. homeowners on Houzz about their home renovations in 2023 and plans for 2024. This study is the largest survey of residential remodeling, building and decorating professionals published. Covering a wide range of renovation projects, the survey included everything from interior remodels and additions to home systems, exterior upgrades and outdoor projects. The gathered data is made up of historical and planned spends, professional involvement, motivations and…
Read MoreHistoric Boom on the Way for Home Remodeling
Though it may seem homeowners are beginning to pull back on the remodel side of the market, better days are ahead. “Remodeling is slowing, but there’s a historic boom coming,” Eric Finnigan, VP of research & demographics at John Burns Real Estate Consulting, told Yahoo Finance in an interview. There are three factors likely to help this sector in the coming years according to Finnigan. With aging homes on the rise, it’s expected that the remodeling market will have 24 million homes in need of repairs such as upgrades to…
Read MoreThe Home Remodeling Market Trends and Dynamics to Reach $1,317.50 Billion by 2030
The home remodeling market size was valued at $852.10 billion in 2020, and is estimated to reach $1,317.50 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030, according to a new report published by Allied Market Research. According to EIN Newswires, Home remodeling projects are commonly categorized into two types: DIY (Do It Yourself) and Contractor-led. Among these, the professional segment, led by skilled labor, dominated the market in 2020. The market analysis encompasses various applications of home remodeling, including windows & doors, kitchen & bathroom, floor…
Read More