Billions and billions and billions of dollars. That’s what Americans spent on home remodeling projects last year. More like hundreds of billions.
And this year has certainly been following the suit so far! Major home improvements and significant additions to a home are key factors in why that figure is so astronomical! But, if we’re all honest, remodeling is the type of project we all consider doing or want to do.
According to the National Association of Remodeling Industry (NARI), around 50% of homeowners surveyed in suburban and urban areas say they are willing to remodel their living space, and over two thirds of rural homeowners convey that willingness. While a third of all homeowners consider it easier to just move to a new home than tackle a remodeling project.
People remodel for many reasons, and 75% of us report feeling a major sense of accomplishment as a result of a completed project.
Better functionality and livability, or what we will refer to as the ‘enjoyment factor’, is generally cited as the top reason for why remodel at all. Other factors like knowing better materials are in place, appreciating the beauty of an upgrade and making changes to fit the owner’s feeling of their living space are considerable factors. But it is the joy factor that we wish to emphasize.