When You Want to Remodel Your House
Homeowners around the world have an advantage that renters do not: they can hire contractor teams who can launch a master bedroom remodel job, perform outdoor remodeling on the house, hire bathroom remodeling contractors, and certainly kitchen remodel contractors as well. These professional teams will have all the right hardware, tools, and skills for a master bedroom remodel job or even remaking the entire house as the homeowner sees fit. Around 35% of home remodeling jobs involve the entire house, not just master bedroom remodeling or kitchen renovations. These remodel jobs are too technical for a homeowner to attempt alone, so master bedroom remodeling teams, plumbers, flooring experts, and more may be hired to get it done right. What is there to know about this robust industry today in the United States?
The Industry
Plenty of American homeowners have already launched master bedroom remodeling projects or soon plan to hire remodeling teams to work on their houses. A recent survey shows that nearly two in three homeowners is planning renovations, and this work often focuses on the kitchen, master bedroom, and even the master bathroom, too. This is often a fine investment, not only because the homeowner will like the refreshed rooms, but future ones will, too. When the homeowner puts the property on the real estate market to sell, the refreshed house will be more appealing to buyers and the owner may ask for a higher price on it. The house may sell faster, and for a better price, than if no remodeling had been done. In particular, home remodeling jobs often offer a high return on investment, or ROI. Remodeling the kitchen or bathroom may yield an ROI as high as 70-80%, making it a budget-friendly idea. Something similar may be said if the windows and doors are replaced, and if landscaping is done.
Who hired contractors for this sort of work? Most often, it is older American homeowners, those aged 55 and over, who invest the most in this. They have had the most time to save up money for such projects, after all, and Baby Boomer homeowners outspend younger homeowners three to one on remodeling work. What is more, older Americans don’t move nearly as often as younger ones do, so they may instead invest more in their current property. This lets them enjoy their house for many years to come. In the near future, however, this may change since Millennial homeowners, those born 1982-1995 or so, grow older and can more easily afford houses and home remodeling contractors. In recent years, Millennials have become old enough to afford major purchases such as houses, RVs, and cars, and they may represent a larger percentage of homeowners and remodeling clients withing the next decade or so.
What Remodeling Entails
Whether a Millennial or their Baby Boomer parents, a homeowner may have good reasons to invest in home remodeling. Once a homeowner resolves to launch such a project, they may recruit some help. Many remodeling contractor teams may be available in their area, and a homeowner may search online and get references from local hardware stores to find them. A good contractor team will have its own website, complete with photos, videos, and articles showcasing their work, along with contact information. A homeowner may browse a few options before they hire a team.
Home remodeling may involve experts across multiple fields, and together they can renovate or replace nearly anything in a house. In the kitchen, for example, plumbers may replace the sink or dishwasher with newer and more water efficient models. Flooring experts may remove old tiles or linoleum and replace it with newer models, and woodworkers may refinish, repaint, or even replace old and damaged cabinet doors. Meanwhile, the stove or fridge may be swapped out for newer models with more features, and even the countertop may be fixed. Old countertops can be replaced with tough but attractive models made of granite or marble for a fresh, new look.
The master bathroom may also be transformed, and plumbers may replace the toilet, faucet, shower, and sink with new, low-flow models. New lighting fixtures may be put in, along with repainting the walls and new floor and wall tiles as desired.
