May 22

Sheltering-in-Place Inspires Homeowners to Take on Remodels

Sheltering-in-Place Inspires Homeowners to Take on Remodels

Homeowners are prioritizing remodeling projects centered around home offices and master bedrooms during the pandemic, according to a new survey of 1,000 consumers by Houzz, a home renovation and resource site.

While consumers put off some remodeling projects when the coronavirus outbreak first began in the U.S., they were less likely to put off projects related to those two areas of the home. Also, outdoor remodels and improvements have been prioritized during the pandemic, as have more involved projects such as a kitchen renovation, the survey finds.

Sheltering at home is inspiring future remodeling projects, as well. For example, 79% of homeowners surveyed by Houzz say they’re now considering major home remodeling and design projects after spending more time at their home during the pandemic. They want to make changes to enjoy their home more—projects centered on the outdoors, bathroom, and kitchen are topping their renovating wish lists.

Homeowners say they want to spruce up their homes with new decor, better lighting, and an improved layout, the survey finds.

After sheltering in place, half of homeowners surveyed say they’re facing challenges in their current homes. The number one challenge: a lack of storage, followed by a lack of ample lighting and not having a workout space.

As the COVID-19 pandemic has prompted homeowners to stay at home, homeowners have reported spending more time baking and cooking, which has spurred remodeling dreams centered on the kitchen, the survey finds. Also, homeowners have turned their homes into multi-use spaces for working at home and exercising. Gym equipment sales statistics on Houzz are nearly eight times higher compared to the months prior to the pandemic. Also, home office furniture sales are 1.7 times greater than before the pandemic.

Source:
Houzz
©National Association of REALTORS®
Reprinted with permission

 

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