A new survey of remodelers from NAHB Remodelers tells us that whole house remodels and additions are regaining market share. That means more homeowners are investing in major updates to their home according to the remodeling arm of the National Association of Home Builders (NAHB).
“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, a remodeler from Wichita, Kansas.
In the survey, remodelers reported that the following projects were more common than in 2013:
• Whole house remodels increased by 10 percent
• Room additions increased by 12 percent
• Finished basements increased by 8 percent
• Bathroom additions increased by 7 percent
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.
For more information about remodeling, visit nahb.org/remodel. To find the cost of hundreds of improvement projects visit us at www.diyornot.com to compare the cost of doing it yourself with hiring a contractor.