Home Remodeling More Popular than Homebuying

More people are now remodeling their homes instead of buying a new residence. HouseingPredictor.com reported last week. The recession knocked down home values, but homeowners are getting some of that back with renovating rooms and other areas in their homes.

 From the article:

A new remodeling trend has emerged as a result, with bathrooms and kitchens being the two areas of a home that receive the largest number of upgrades. Homeowners are also opting for more hot tubs, exercise pools, art rooms, yoga studios, dog spas and wine tasting rooms to add to homes.

Another survey by the National Association of Homebuilders released just a week ago also shows home remodeling projects have increased over 2010. Almost half of contractors report seeing an increase in the number of homeowners who undertake remodels to avoid moving compared to 2010. Kitchen and bathroom projects are up 17% over two years ago, with bathroom remodels cited as the most common job by 78% of those surveyed.

If you're one of those who want to stay in your Twin Cities home, but are running out of room, get in touch with Minneapolis home remodeling company Dean Johnson Remodeling by visiting www.DeanJohnsonRemodeling.com.