Remodel of the Week: 2024 National/Regional CotY Award Winner, Residential Kitchen $150,000 to $200,000

Blending the historic home’s 1918 charm with features designed to meet the needs of contemporary living, this newly renovated kitchen by Val Collective includes premium marble countertops, a cozy butler’s pantry, multiple islands, and sleek gold fixtures. Home to an active family of four, Val Collective took advantage of the open floor plan to create a bespoke communal space that elegantly accommodates both dining and storage. Read more

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U.S. Home Improvement Analysis Report 2024: A $615.58 Billion Market by 2029, Fueled by Rising Demand for Personalization and Customization, & Smart Home Technology Integration

The U.S. Home Improvement Market is projected to reach $615 billion by 2029, rising at a CAGR of 2.78%. Dominating the market is the South region, with its rapid population growth, numerous single-family home builds, and warm climate. Homeowners in this region are more likely to invest in a variety of outdoor features, including pools, gardens, and patios, as well as energy-efficient home systems that create ease and improve security. Read more

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Navigating Regulations and Permits: Top Five Tips for Remodelers

NARI reports that remodelers who want to streamline their processes and create better experiences for homeowners should follow these five tips: understand local requirements; obtain necessary permits; acquire licensing and insurance; consider lead safety regulations; and stay informed about regulations.  Read more

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Bernie Marcus, Home Depot Co-Founder Who Pledged to Give Away His Billions, Has Died

It was in 1978 when Bernie Marcus and Arthur Blank were both fired from Handy Dan, a home improvement chain, that set Marcus and Blank off on the lightning-speed path to founding Home Depot only one year later. The idea was to gather all home-improvement needs under one expansive roof. By 1990, Home Depot was the largest home improvement chain in America. NPR reports that Marcus died on Monday at the age of 95.  Read more

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Most Homeowners Over Budget on Remodels, Report Finds

According to research from Clever Real Estate, a St. Louis-based real estate company, 2/3 of homeowners who embarked on a home remodeling project have fallen into debt. While some went over budget by $5,000, many more experienced unforeseen challenges, resulting in halted projects and mid-project layoffs. Still, 93% of homeowners say they plan to pursue a major renovation in the future, though more than half may undertake DIY projects to save money. Read more

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