We’re often asked by people, “Who exactly remodels?” And the answer is, “Pretty much everyone!”
That’s because there isn’t just one group of people that chooses to update their homes. People of all ages and from all walks of life dare to unlock the hidden potential in their homes.
Case in point, take the two articles from Construction Dive we recently happened upon. According to Construction Dive, aging-in-place projects are on the rise, and first-time home buyers and millennials are upping their spending on remodeling.
The first article cites a survey by the National Association of Home Builders which concluded that 80% of remodelers in the fourth quarter of 2016 reported aging-in-place work versus 68% of remodelers reporting that kind of work in 2013.
The projects driving those numbers are simple ones, such as added lighting, grab bars, non-slip floors, and widening doorways, the article says.
When it comes to millennials or first-time buyers, they are spending more money than ever before on home improvement.
According to the Houzz & Home survey, first-time buyers in 2016 spent an average of $33,800 on projects. That number is up from 22% from the year before!
So, there you have it. Two groups essentially at the opposite side of the people spectrum are making waves in the remodeling world. Now you know.
Have a good week!
