Thanksgiving is next week and, if you are like me, you are already making a mental note of what dishes you prefer on your plate.
When it comes to our industry, it turns out people prefer remodeling compared to new construction, according to a new study by BuildFax.
The study was based on “more than 23 billion data points on property history and condition,” the release says.
Some of the other notable figures from the study include:
- Residential remodeling activity has gone up 30 percent since 2010.
- Remodeling investment is outpacing new construction, suggesting renovations are fueling home price increases.
- Spending on remodeling fell 10 percent in 2016, suggesting people are opting for smaller projects.
A stat on stress
Now, even if you opt for a smaller project, remodeling can be very stressful, as we’ve written before.
That fact of life was backed up by new evidence from Houzz co-founder and CEO Adi Tatarko, who said 12% of couples consider divorce when remodeling their home.
So, be sure to read up on our blog and ensure your remodeling experience is a good one.
Child’s play
It’s not just adults whose home design needs evolve. Children’s housing needs change over the years too.
Here’s a slide show for inspiration on what design elements to incorporate in your next remodel so that your children are accommodated.
Have a great week!
