Gen Xers outspend baby boomers on renovations, as revealed in a new study by Houzz representing the home improvement market. The average Gen Xer spent $25,000 on home renovations in 2023, compared to the $24,000 and $20,000 spent by baby boomers and millennials, according to the report. Gen X tops out at $180,000 compared to boomers’ $131,000 and millennials’ $148,000, when looking at the top 10% of spenders in each group. According to Hastings Tribune, Metrics typically define Generation X as individuals born from 1965 to 1980, which puts them…
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Atlantans Are Spending Big Money on Home Renovations
According to a report by Pro Tool Reviews, Atlanta secured the 10th position among U.S. cities for home-renovation expenditure. According to Atlanta Agent, the tool-review site analyzed home-renovation spending across the U.S. and determined that Atlantans spent $12.9 billion on home improvements over the last two years, just behind San Franciscans, with $13 billion. New York, Los Angeles and Dallas took the top three spots for renovation spending, with $37.6 billion, $20.2 billion and $15.4 billion, respectively. Across the country, remodelers spent more than $641 billion on home renovations in…
Read MoreSix Renovation Projects That Homeowners are Seeking That Pay Off for ROI
It’s common to consider sprucing up your home before putting it on the market. Yet, the range of renovation options is extensive. Some opt for simple upgrades like replacing kitchen appliances, while others dive into complete remodels with top-tier amenities. This prompts the question: which approach offers better returns? To shed light on this, we consulted a home renovation specialist to discern which enhancements genuinely enhance property value. Keep reading to explore popular home upgrades and how they stack up in terms of return on investment. According to MSN, The…
Read MoreAI in Home Renovation Enhances the Work of Remodelers
Within interior design, AI emerges as an indispensable partner in the creative journey. For instance, it can scrutinize a client’s online presence, like their Pinterest selections, to distill essential style inclinations. This data aids in crafting design ideas that resonate closely with the client’s preferences. Picture an interior designer collaborating with a client who adores Scandinavian design. AI can navigate through this inclination and propose a design blueprint showcasing simplistic furnishings, muted hues, and ample natural illumination, offering a robust foundation for the designer. According to Maket AI, virtual Reality…
Read MoreIs Wall-to-Wall Carpeting Coming Back in Style?
Among the debatable design topics are wall-to-wall carpeting. And whether you’re for or against this controversial trend, there has been a noticeable uptick reported in designs with this floor treatment. Four designers were surveyed The Spruce to find out the status of this trend and overall feelings towards it, and the answers were surprising. According to Microsoft Start, Designers are often able to get a pulse on the popularity of design choices based on what their clients are requesting. Three of the designers we surveyed have noticed their clients asking for…
Read MoreHow to Renovate a Historic Home and Keep Its Character
Achieving what some see to be impossible, two Chicago designers, Kelsey Haywood and Denise Hauser, recently undertook a gut renovation of a historic 1890s Queen Anne-style home. The clients, akin to mid-century modern aesthetics and vintage furnishings, also wanted to give a nod to the home’s Victorian roots. The two designers were able to bring their clients’ unique style and taste to the home while also keeping true to the home’s original details and character. “Original doors were repurposed, window mullions replicated (existing locations intact demanded by the Evanston Historical…
Read MoreMeticulous Renovations Enhance Central Beach Pool Home
Jill and Eric Kalin wanted to create a home where their children could visit comfortably. Now encompassing what they envisioned, the two-story Vero Beach Estates subdivision home’s solid, green double doors open to an elegant, modern floorplan. The Kalins leaned into California contemporary, shares Jill, who was able to complement clean lines and a white palette with rich woods and a variety of dynamic tiles to add warmth to the home and create an overall casual, yet curated style that doesn’t detract from the indoor/outdoor lifestyle. According to Vero News,…
Read MoreMost Homeowners Would Rather Remodel Their Home Than Buy Another Home: Study
A recent survey by Adobe, encompassing data taken from more than 1,000 homeowners across the country reported that nearly 63% of respondents would rather remodel their homes than buy new. This is fueled by high interest rates and skyrocketing home prices. The remodel process can seem intimidating for homeowners, with Adobe’s study citing price as the number 1 reason for not wanting to pursue a remodel. This is a valid fear for potential clients, especially as 50% of homeowners who have remodeled their homes exceeded their budget. According to Fox…
Read MoreMultifunctional and Outdoor Living Space Renovations on the Rise
As homeowners invest in renovations and remodels to enhance their living spaces, the home improvement market is experiencing a major boom. Trends fueling this boom are kitchen and bath upgrades, outdoor living space creation and repurposing rooms to function for multiple uses including home offices and media rooms. According to Yonkers Times, Kitchen and Bathroom Upgrades: Kitchen and bathroom remodels remain the most popular home improvement projects. Upgrading these spaces improves functionality and adds significant value to the property. Outdoor Living Spaces: The trend of creating outdoor living spaces continues to grow.…
Read MoreLessons from an Award-Winning Remodeler and Designer
In 2008, Elliott Pike established ELM Construction LLC, a residential design and remodeling company in Vestavia Hills, Alabama. Since then, ELM has experienced consistent profitable growth, largely due to Pike’s meticulous team-building efforts. Fostering a positive and collaborative work environment remains a top priority for him. According to the NAHB, at this year’s International Builders’ Show in Las Vegas, Pike was named NAHB’s 2023 Remodeler of the Year. Pike reflects on winning the award, the keys to building an exceptional team, trends he’s watching in the remodeling industry and more…
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