Jun 06

Homeowners Want to Renovate

Homeowners Want to Renovate

Homeowners Want to Renovate

Homeowners Want to Renovate

 

The kitchen is often considered the centerpiece of a home, so it’s not surprising that it tops most homeowners’ renovation lists. Homeowners are spending more to outfit their kitchens, too. Kitchen remodel spending jumped 27% in the past year, reaching a median of $14,000 on upgrades, according to a newly released Houzz & Home survey of more than 140,000 homeowners.

After the kitchen, the next biggest remodeling expenditures are for guest and master bathroom remodels, which increased over the past year by 17% and 14%, respectively, the survey found.

The higher overall costs on remodeling spending is likely due to the increased costs of imported building materials, the survey notes.

“Last year’s 10 percent increase in tariffs on imported building materials is likely one of several forces hitting consumer pockets in areas such as kitchen and bathroom remodels that are heavily dependent on imports of cabinetry, countertops, ceramic tile, plumbing fixtures, and vinyl flooring from China,” says Nino Sitchinava, Houzz principal economist. “We expect similar effects to take place in 2019 given the recent breakdown in trade negotiations.” (Also read Experts: Mexican Tariffs Would Hurt Housing Affordability.)

Top Remodeling, Decorating Projects

Slightly more than half of the 140,000 homeowners surveyed say they plan to continue or begin home renovations this year. They expect to spend a median of $10,000 on upcoming projects, the survey showed.

What are some of the most popular projects?

Security upgrades was one theme of projects that showed a significant rise in popularity. Homeowners are spending a median amount of $500 on items like smart outdoor security cameras, which can be monitored or controlled from a mobile device. Younger generations are the most likely to focus on home security upgrades, according to the survey.

Here’s a breakdown by theme of some other top decorating and remodeling projects.

The top home decor–related purchases among homeowners are:

  • Pillows and throws: 51%
  • Rugs: 50%
  • Large furniture: 47%
  • Artwork: 46%
  • Small furniture: 44%
  • Lamps: 39%
  • Window treatments: 39%
  • Storage/organization: 34%
  • Mirrors: 28%

The top home improvement–related purchases among homeowners who renovated:

  • Paint: 71%
  • Light fixtures: 55%
  • Faucets and shower heads: 52%
  • Building materials: 44%
  • Lawn and garden supplies: 44%
  • Non carpet flooring: 43%
  • Hardware (cabinets/doors): 39%
  • Sinks: 35%
  • Tile (walls/backsplashes): 33%
  • Countertops: 33%
  • Major kitchen appliances: 32%
  • Hand and power tools: 32%
  • Toilets: 30%
  • Doors—interior/exterior: 28%

The top outdoor decor:

  • Lighting: 26%
  • Large furniture: 23%
  • Small furniture: 20%
  • Pillows and throws: 16%
  • Fire features: 12%
  • Rugs: 12%
Source:
“Houzz & Home Survey,” Houzz (June 5, 2019)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.