The Joint Center for Housing Studies at Harvard University reported that spending on home improvement projects rose from $328 billion in 2019 to $472 billion in 2022, and is projected to reach $485 billion by 2024. According to City Business, of the 31% who haven’t attempted to remodel aspects of their home on their own, nearly half admit their fear got the best of them. They avoid even the attempt at renovations in case they might mess their home up. Other homeowners believe they need more skills than they have,…
Read MoreAuthor: angelica@builder.media
A Round and Around Home Renovation
When you open a book, words swirl through your mind. Opening a window, cars and trains rush between cities. These actions seamlessly blend the indoors and outdoors. In a world trending towards non-ownership, this architect’s home was designed amidst cherished items gathered over time, each carrying a piece of his past self. According to Arch Daily, the site is located in a densely populated residential area at the foot of Tokyo Skytree. Despite being just a room in an apartment complex, its location allows for a direct experience of urban…
Read More12 Home Trends Set to Dominate Soon
If you’re considering refreshing your home’s appearance, keeping up with current trends is a great starting point. Fortunately, the home design realm has been dynamic lately, offering ample opportunities for personalized style, nods to vintage trends, and luxurious fixtures featuring bold colors, mixed metal finishes, and ultra-durable designs. According to Forbes, it feels important to start any home decor trend roundup with the biggest overall trend we’re seeing—people designing their homes based largely on their personal tastes and lifestyles. Nearly everyone we consulted with mentioned just how personal home design is…
Read MorePower Home Remodeling Expands into Fort Lauderdale and Las Vegas
Fort Lauderdale marks POWER’s second presence in Florida, following its 2017 debut in Tampa. The company has secured a 34,203 square-foot lease at Sawgrass Technology Park, located at 1637 NW 136th Avenue, featuring a warehouse space spanning 10,050 square feet. Residents in Broward, Miami-Dade, and Palm Beach counties can anticipate a range of products, including impact windows and hurricane-resistant roofing systems. According to Business Wire, Greg Wilson, Vice President of Customer Development; KC Kyle, Vice President of Sales; and Trevor Perryman, Vice President of Installation Services will lead the Fort…
Read MoreMust-See Home Remodeling Trends for 2024
If you’re thinking about renovations (or simply enjoy staying informed), you’ll be excited to learn that Houzz has just unveiled their most comprehensive home renovation and design report of the year. The 2024 U.S. Houzz & Home Study incorporates insights from a survey of over 30,000 registered Houzz users, highlighting statistics from 2023 renovation projects that will shape trends in 2024. According to Real Simple, many people love to point out how the tough economy is forcing them to cut back on spending in many areas of life—except during home…
Read More2024 Renovation Trends: Our Comprehensive Report
In the first quarter of 2024, homeowners invested $463 billion in home renovations. Projections suggest that home renovation spending will decrease by $12 billion in the first quarter of 2025. According to USA Today, despite home renovation statistics and spending trends signaling a pending decline post-pandemic, many homeowners plan to invest in their home. The home renovation industry has quickly surpassed the $400 billion threshold within the last two years, according to reports from the Joint Center for Housing Studies of Harvard University (JCHS) Leading Indicator of Remodeling Activity (LIRA).…
Read MoreTop Home Renovation Projects to Boost Resale Value
Planning to list your properties this spring? If you’re a company involved in real estate or renovation, you’re probably preparing to enhance your properties, whether through simple cosmetic touch-ups like repainting or more substantial renovations such as replacing cabinets or upgrading bathroom fixtures. But before you proceed, consider this. According to Boston, you may be surprised to learn that not all home improvement projects add value when you sell your house. To find out which add the most value for your remodeling buck, the annual “Cost vs. Value,” or CVV,…
Read MoreRenovators’ Guide: High-Value Kitchen and Bathroom Upgrades
Confronted with the uncertainties and potential complications of large-scale renovations, many people shy away from purchasing fixer-uppers. A recent study by Frontdoor reveals that offers for fixer-uppers halved between 2022 and 2023. However, the high risk can yield significant rewards. Frontdoor found that, on average, those who undertake the renovation of a fixer-upper earn a 27.5% return on their investment. This is in addition to the personal satisfaction of designing a home to suit their tastes. According to Real Simple, of course, without the appropriate planning and strategy, budgets tend to…
Read MoreHome Renovation Market 2024: Key Players and Investment Strategies
The latest research study released by Worldwide Market Reports on the “Home Renovation and Refurbishment Market 2024” offers a comprehensive and precise analysis of both global and regional markets. The report’s analysts and researchers provide an in-depth competitive analysis of the Home Renovation and Refurbishment market, including detailed company profiles of leading market players. This study utilizes extensive primary and secondary data sources, examining various parameters impacting the market environment, competitive landscape, historical data, current trends, technological innovations, upcoming technologies, and advancements in related industries. According to Open PR, in…
Read More12 Home Improvements That Don’t Add Value
According to Angi’s annual State of Home Spending report, the average American household allocated $9,542 to home improvement projects in 2023. However, not all home renovation endeavors guarantee an increase in a home’s resale value. According to USN, before you invest in a swimming pool or new addition, you should consider whether the project will pay itself off by getting prospective buyers in the door when it’s time to sell. Here are some common home improvement projects that could decrease the value of your home: Too much wallpaper. Built-in electronics.…
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