In early 2014 Houzz, a very prominent website that has everything to do with home improvement, conducted an extensive survey of over 100,000 users about remodeling. It revealed some key insights into home remodeling and the housing market.
According to the survey "53 percent of those surveyed agree now is a good time to renovate a home." Indeed, the high majority of that is on the West Coast, in markets like Los Angeles, Portland, Seattle and San Diego. Although it's only 53%, the survey also puts it into proper context: in comparing the results from 2013 to 2012, they saw an 8% decrease in people who want to delay their home improvement projects and of those surveyed, 48% want to renovate in the next two years.That means good things in terms of how confident people are about remodeling their homes.
The survey also comments on the state of the housing market itself. According to the survey "Seventy-five percent of U.S. homeowners surveyed also think now is a good time to buy a home, with confidence strongest in the Midwestern and Western regions of the country. " This is exciting news, because it shows that there is a trend of confidence growing among st home owners. In fact, homeowners are taking advantage of the confidence level by enhancing their kitchens and bathrooms, which, combined, make up to 51% of all planned renovations. In fact, more than half (54%) of all home owners surveyed report that selling their home is the primary motivation for home remodeling.
Not only that, a large number of home owners surveyed reported the need to have a more efficient home, such as better energy use, water conservation, and implementing newer technologies into their homes.
Over all the outlook is incredibly positive for both home re-modelers like US Home Developers, home owners who are looking to sell their home soon, and home owners who want to enhance the look and feel of their home, with better technology or efficient design.
You can view the 2013 Houzz Report right here: Houzz 2013 Report
We at US Home Developers are proud to be part of Houzz's network of contractors. Come visit our US Home Developers Profile page at Houzz.com





