Houzz & Home reports in a recent survey that , fifty-three percent of home owners in the United States say they are remodeling their homes to increase value – but are planning on staying in these homes for at least the next five years. Meanwhile, sixteen percent of those remodeling plan to sell their home in the next two years. Twenty-two percent insist that home prices are increasing at too fast a rate to even consider moving. Finally, one in four say they would prefer to move, but remodeling their home makes much more sense at the present time.
The most popular remodels are kitchens and bathrooms while replacement projects include flooring/ceiling/panelling as well as windows/doors and roofing.
Homeowners in the Northeast and the West typically spend more on their renovation and remodel projects.