Homeowners personalize their home rather than move;
Design Build Planners 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.
And this trend stretches far beyond flashy paint colors and finishes. Homeowners are opting for spas, home gyms, game rooms, gourmet kitchens, outdoor kitchens, art rooms, home theaters, wine cellars, and wet bars.
Jason Parsons commented, “Our pre-production project designs are anything but cookie-cutter. They reflect the personality of the individual family. Our development process is highly interactive and is a valuable tool, but also quite enjoyable for all.”
The Design Build Planners staff cautions homeowners, though, that it’s important the customizations make sense to their lifestyle. “Homeowners should never over extend themselves financially. They should have a long-term plan and consider the renovations in stages or phased remodeling.”
Long-term plans for staying in home also evoke considerations of aging-in-pace and universal designs when planning projects.
The entire poll results are as follows: 13 percent responded they had not planned to stay longer in their homes, 28 percent planned to stay one to five years longer, 23 percent planned to stay six to 10 years, 10 percent planned to stay 11 to 15 years longer and 26 percent planned to stay 16 to 20 years longer.
NARI is the source for homeowners seeking to hire a professional remodeling contractor because members are full-time, dedicated remodelers who follow a strict code of ethics that observes high standards of honesty, integrity and responsibility.
NARI members represent a select group from the approximately 800,000 companies and individuals in the U.S. identifying themselves as professional remodelers.
Design Build Planners is a proud, national member of the National Association of the Remodeling Industry.
A lot of people can’t afford or quality for new homes. I also see a huge increase in a home improvement trend. Good for us Neil!
) The bottom floor is devastated, and I am deeply distressed and in disbelief.
If you have an old home or appreciate historic buildings, you
may want to check out the Historic Seattle Building Renovation Fair next month, April 9, 2011, at Washington Hall, 153 14th Ave.
‘As both the economy and the housing market stabilize, so too will homeowner improvement spending,’ says Abbe Will, a researcher with the Remodeling Futures Program.