Homeowners personalize their home rather than move;
Design Build Pros reveal new trend during National Home Improvement Month.
Toms River, New Jersey, May 1st, 2012—In honor of National Home Improvement Month this May, the National Association of the Remodeling Industry (NARI) reveals that homeowners are personalizing their space during a remodel as the tough housing market forces more people to stay, rather than move.
According to a poll on NARI.org, 26 percent of respondents are planning to stay an additional 16 to 20 years in their homes because their home values have decreased during the recession. Twenty-three percent reported they are going to stay an additional six to 10 years in their homes.
This in turn, has sparked a new remodeling trend that centers on making homes better reflect individual lifestyles and tastes as people decide to live in them longer. “Homeowners are less concerned today with the impact on re-sale value and more focused on making their home useful, enjoyable, and personalized for the needs and desires of their own family for years to come,” Neil Parsons stated. (more…)