Remodeling and renovation contractors have cause to be optimistic as Realtors, NARI, and the Home Improvement Research Institute all agree that now is the perfect time for home improvement projects.
The Home Improvement Research Institute (HIRI) held a “Pulse of the Industry” webinar in June in which they revealed that roughly 75.5% of homeowners plan on one or more home improvement project in the near future – the next three months, in fact. The Northeast region of the country outpaced the rest of the nation: 77.9% of homeowners are planning at least one home improvement project (we’ll get to what types of home improvements are being planned shortly). The study then went on to attitude agreement ratings: HIRI polled the same homeowners on a series of questions and asked them to measure their level of agreement, where 1 equals total disagreement and 9 equals complete agreement. The following three statements generated the highest level of agreement:
- Finding ways to save energy is important (7.3)
- Having a home that is attractive is important (7.0)
- Money spent on improving a home will show a good return on investment (6.8)
Some homeowners admitted to planning SIX or more home improvement projects in the next three months.
The home improvement projects planned by the homeowners polled in HIRI’s study include living room, dining or family room projects (27.7%), exterior projects like painting, roofing and siding (24.5%) and bedroom renovation and/or remodeling projects (22.7%). For contractors, this is great news. For homeowners, it should spark some ideas.
The Housing Market is gaining strength according to the National Association of Realtors, making NOW the perfect time for these types of home improvement projects: When comparing April of 2012 to April of 2013, realtors have found that new home sales are up by almost a third, existing home sales are up by almost 10%, foreclosure filings have diminished by almost 25% and pending home sales have increased by almost 11%. These statistics all point to a strengthening housing market – one that is primed for an increase in home improvement projects.
To learn more about what CraftPro can do in the areas of carpentry, painting, drywall and handyman home improvement specialties, click here. If you’re not from Morris County, NJ – find a trusted, reliable home improvement contractor and discuss your ideas for improving your home during this optimal time.
Find me, Richard D’Angelo, President of CraftPro Home Improvements and this article’s author on Google+. You can also visit CraftPro on Google+ and join our community of home improvement, maintenance and renovation professionals.
[schema type=”organization” orgtype=”LocalBusiness” url=”https://craftprocontracting.com” name=”CraftPro Contracting LLC” description=”Professional interior and exterior home improvements like house painting, drywall installation and repair, carpentry work, handyman and maintenance home work. Basement finishing and remodeling, renovations, and more home services. Licensed and insured home improvement contractor serving Morris County, New Jersey.” street=”3a Four Bridges Road” city=”Morristown” state=”New Jersey” postalcode=”07960″ country=”US” email=”firstname.lastname@example.org” phone=”9736108763″ ]