More homeowners are remodeling now than ever before, according to an article in the Ahwatukee Foothills News.
The article cites a report by the Joint Center for Housing Studies of Harvard University. According to the report, homeowners spent $361 billion on improvements or repairs in 2016!
Remodeling growth is expected to continue by two percent every year through 2025, the report says.
The spending is dominated by people 55 and over, who spend around $11,000 on individual projects, while people under 35 tend to spend just under $9,000 on individual projects.
Not surprisingly, most money is spent on necessary improvements and maintenance, according to the report. When people do splurge, it tends to be in the bathroom or in the kitchen, the report says.
If you are one of those people thinking about remodeling your bathroom, then it would pay to follow the advice of Consumer Affairs.
First, remodelers on a budget should avoid designs that result in rearranging plumbing and electrical wiring and tearing out walls.
Second, think about adding safety features like grab bars or shower benches to help you age in place. These features can add comfort and peace of mind without sacrificing style.
Lastly, upgrade your drain pipes to 2 inches from the standard 1 1/2 inches and cut down on those clogs.
Have a good week!
