A summary of the latest trends and advantages of home renovation
What are the most popular home remodeling projects?
- According to the National Association of Home Builders (NAHB) Remodelers, bathroom and kitchen remodels are the most common home renovation projects, with 65% and 61% of remodelers reporting them as frequent jobs, respectively.
- Other popular projects include whole house remodels (50%), bathroom additions (23%), windows/doors replacement (22%), decks (20%), and enclosed/added porches (20%).
- These projects can enhance the functionality, comfort, and aesthetics of a home, as well as increase its resale value.
What are the benefits of home remodeling?
- Home remodeling can improve the quality of life and satisfaction of homeowners by creating spaces that suit their needs and preferences.
- Home remodeling can also boost the energy efficiency and sustainability of a home by installing new appliances, insulation, lighting, and ventilation systems that reduce energy consumption and greenhouse gas emissions.
- Home remodeling can also add value to a home by making it more attractive and appealing to potential buyers, especially in a competitive market with low inventory and high demand.
- According to a report by the National Association of Realtors (NAR), some of the projects that have the highest return on investment (ROI) are kitchen upgrades, bathroom renovations, new roofing, new siding, and new windows.
How to plan and execute a successful home remodeling project?
- The first step is to define the scope, budget, and timeline of the project, as well as the desired outcomes and features.
- The next step is to hire a professional remodeler who has the experience, skills, and credentials to handle the project. The NAHB Remodelers offers a directory of certified remodelers who adhere to a code of ethics and best practices.
- The final step is to communicate and collaborate with the remodeler throughout the project, providing feedback, addressing issues, and making adjustments as needed.