More Homeowners Will Undertake Large-Scale Remodeling Projects in 2016
Bathrooms topped the list of most common remodeling projects for the fifth time since 2010
If you're planning on remodeling or adding on to your home this year, you're not alone! According to a recent survey conducted by NAHB Remodelers—the remodeling arm of the National Association of Home Builders (NAHB)—whole house remodels and home additions are regaining market share.
The survey, released to kick off National Home Remodeling Month in May, also reveals the most common remodeling projects that homeowners will undertake in 2016, compared to previous years.
"While bathroom and kitchen remodels remain the most common renovations, basements, whole house remodels and both large and small scale additions are returning to levels not seen since prior to the downturn," said 2016 NAHB Remodelers Chair Tim Shigley. "Clients want to add more space, but remodeling a significant portion of the home is no easy feat. That's why it is important to work with a professional remodeler who has the integrity and expertise to take on these large remodeling jobs."
Bathrooms topped the list of most common remodeling projects for the fifth time since 2010. Eighty-one percent of remodelers reported that bathrooms were a common remodeling job for their company while 79 percent of remodelers reported the same for kitchen remodels. Window and door replacements decreased to 36 percent from 45 percent in 2014.
In the last three years, whole house remodels have increased overall by 10 percent. Additionally, in that same time period, room additions have increased by 12 percent, finished basements have increased by 8 percent, and bathroom additions have increased by 7 percent.
For a copy of the full survey, please contact Nissa Hiatt at email@example.com.
For more information and other resources about home remodeling, visit nahb.org/remodel.