Home owners are taking on larger remodeling projects, according to a survey conducted by the National Association of Home Builders Remodelers, an arm of the 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, CAPS, CGP, GMB, GMR, a remodeler from Wichita, Kan.
Remodelers report some projects have seen notable increases since 2013: whole house remodels rose by 10 percent; room additions rose by 12 percent; finished basements increased by 8 percent; and bathroom additions jumped 7 percent.
Bathrooms have topped the list of most common remodeling jobs since 2010 in the survey. Eighty one percent of remodelers report taking on a bathroom remodeling project. Seventy nine percent report taking on a kitchen remodel.
The following were the most common remodeling jobs in 2015, according to NAHB’s Remodeling Market Index Survey:
Bathroom remodeling: 81% of remodelers reported job as common
Kitchen remodeling: 79%
Whole house remodeling: 49%
Room additions: 47%
Windows/door replacement: 36%
Finished basement: 30%
Bathroom additions: 28%
Repairing property damage: 27%
Handyman services: 20%
Second story additions: 17%
Enclosed/added garage: 16%
Enclosed/added porch: 16%
Historic preservation: 10%
Finished attic: 4%
Source: “Kitchen and Bath Remodeling More Common Than Ever in 2015,” National Association of Home Builders’ Eye on Housing (May 3, 2016)
Author:Victor DeFrisco Phone: 561-951-3759 Dated: May 5th 2016 Views: 228 About Victor: ...
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