Forbes predicts the “Great Renovation” from 2025 to 2035 will transform America’s residential landscape, as 50 million homes change hands, driving over $3 trillion in renovation needs. Fueled by aging housing stock, low new construction rates, and a wave of older homeowners selling, this movement presents immense opportunities for real estate professionals, home service companies, and innovative, eco-friendly, and smart home solutions to thrive. Forbes talks about the dawn of the Great Renovation, a transformative decade set to redefine America’s residential landscape from 2025 to 2035. This movement isn’t a…
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Study Shows Florida Among Highest in US for Property Revamping
A new study finds home remodeling is a hot topic in Florida right now. According to Fort Myers News-Press, new research has revealed the states most eager to fix up their homes, with Florida ranked fourth for biggest desire to revamp their properties. The study, conducted by real estate company New Jersey Real Estate Network, analyzed 50 different search terms related to remodels, such as ‘bathroom remodel’ and ‘kitchen remodel’ over the last 12 months. These searches were then scaled against local populations to determine which states are the keenest to…
Read MoreRemodeling Roadmap: Good Planning Means Good Results
2023 Remodeler of the Year Elliot Pike provides his design philosophy insights. According to Over the Mountain Journal, when Elliott Pike, owner of ELM Construction, was named 2023 Remodeler of the Year by the National Association of Homebuilders at its annual awards event in February, the honor was the culmination of hard work, dedication to quality and an overall commitment to excellence. In other words, Pike said in a half-serious, half-tongue-in-cheek tone of voice, “My goal is to be the Chick-fil-A of remodeling. You can go to Chick-fil-A on any…
Read MoreRemodelers Reveal the Most Popular Type of Home Remodeling Projects
The National Association of Home Builders (NAHB) Remodelers released survey results on the most popular remodeling jobs by its members revealing that bathroom and kitchen remodels remain the most popular projects. “Whatever type of home improvement project consumers are looking for, NAHB Remodelers remains committed to professionalism and helping home owners create the home of their dreams,” said NAHB Remodelers Chair Mike Pressgrove, a remodeler from Topeka, Kansas. According to NAHB, Bathroom remodels were cited as a common job by 65% of remodelers, followed by kitchen remodels (61%). After baths…
Read MoreRemodeling Market Sentiment Remains in Positive Territory in First Quarter
Down one point compared to the previous quarter, the NAHB/Westlake Royal Remodeling Market Index (RMI) for the first quarter of 2024 posted a reading of 66. According to Eye On Housing, Demand for remodeling remains solid and an RMI of 66 is consistent with NAHB’s forecast for remodeling spending in 2024. Nevertheless, construction costs are still an issue in some places, as rising prices for labor and building materials continue to be major headwinds to faster growth for this sector. The RMI is based on a survey that asks remodelers to rate various aspects of the residential…
Read MoreRemodeling Market Sentiment Improves in Fourth Quarter
According to the National Association of Home Builders (NAHB), NAHB released its NAHB/Westlake Royal Remodeling Market Index (RMI) for the fourth quarter, posting a reading of 67, increasing two points compared to the previous quarter. The NAHB/Westlake Royal RMI survey asks remodelers to rate five components of the remodeling market as “good,” “fair” or “poor.” Each question is measured on a scale from 0 to 100, where an index number above 50 indicates that a higher share view conditions as good than poor. The Current Conditions Index is an average…
Read MoreHousing Outlook: Inventory May Spike as Fix-And-Flip Wave Hits the Market
Thanks to 24 million homes entering their prime time for renovation, the housing market may see a wave of much needed inventory in the next few years. This presents an opportunity for fix-and-flip investors, according to New Western. According to Business Insider, the real estate brokerage said a shift could be coming in the US housing market next year and could continue through 2027, thanks to a wider market of homes available to real estate investors focused on buying and renovating older homes to put them back on the market. …
Read MoreSurvey Reveals High Interest in Home Remodeling
According to a nationwide survey conducted by Arlington, Texas-based marketing research and analytics firm Decision Analyst, it was found that 78% of American plan to upgrade their homes over the next 12 months. Decision Analyst surveyed about 1,000 consumers about their home improvement plans as part of its ongoing study of consumer trends. “Despite being squeezed by inflation, many consumers see themselves upgrading or adding to the comfort of their homes over the course of the next year,” said Decision Analyst Executive Vice President Felicia Rogers.“People’s homes are important to…
Read MoreTips for Effortless Home Remodeling
Thrilling and nerve-wracking, there are many elements to deal with and consider when embarking on a home remodel, especially when looking to make a fast sale. With proper advice and essential tips at your fingertips you can navigate this trial more smoothly than ever. Planning and Prep Establish Your Goals Establish a Realistic Budget Research and Gather Inspiration Create Accurate Timeline Communicate Effectively Be Prepared for the Unexpected Dispose of Any Waste Maintain a Postive Attitude According to NewsWatch, beginning your home remodeling journey doesn’t need to be daunting! By following…
Read MoreWarm Modern Remodel with Sustainable Seattle Twist & Custom Light Installation
MEET TESSERACT Perched on a bluff overlooking Mt. Rainier, Elliott Bay, and the Seattle skyline, you’ll find the Tesseract house. The name Tesseract comes from the YA novel “A Wrinkle in Time,” describing a theorized cube that exists in three spatial dimensions: wrinkling space and time. Named so by the owner’s son, Max, this home aptly defies expectations. The Tesseract home was at the pinnacle of innovation from its inception, with the intention of bringing the outside in. Originally designed by Seattle Architect James Paul Jones to live in himself,…
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