Thinking About Remodeling?
July 8, 2013
Now that your all settled and you are nearly done unpacking, maybe you are thinking about doing some remodeling of your new home. You are not alone.
With the economy improving, millions of Americans will spend the summer fixing up their nest. Homeowners are not sitting idly by this summer trying to beat the heat with their feet up. According to the Zillow Digs Summer Home Improvement Trend and Spending Survey, 60 percent of homeowners plan to make a home improvement or addition this summer.
The survey also provides some insight into the demographic and household makeup of the homeowners and what kinds of projects they have in mind:
Younger homeowners and homes with children are significantly more likely to be planning a home improvement this summer and perhaps as many as three or more home improvements.
Homeowners plan to spend a median of $1,200 on summer home improvement projects.
Homes with children as well as homeowners 54 and younger plan to spend one-third more ($1,500) compared with homes without children and those 55 and older ($1,000).
Some of the most popular summer home improvement projects are outdoor spaces (40 percent) and bathrooms (17 percent).
The backyard is becoming everyone’s favorite room of the house. It’s not just a smart way to greatly expand the living space of your home, but a good design can add 20 percent to the value of your property.
(Photo attributed to Flickr member @Texas_Custom_Patios via the Creative Commons license.)
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