And 83% of those undertaking renovations are motivated to: “improve the look, feel, flow or layout of the home…”
Majority of U.S. Homeowners Believe Now is a Good Time to Renovate, Houzz Survey Finds
The 2013 Houzz & Home survey is the largest survey of remodeling and decorating activity ever conducted, covering historical and planned projects, the motivations behind these projects, and the impact of the economy on home building, renovation and decorating plans among Houzz users across the United States and around the world.
Some of the findings include:
- Significantly more U.S. homeowners are moving forward with renovation projects compared to last year
- A majority of homeowners surveyed believe now is a good time to remodel (53 percent)
- 58 percent of those planning projects in the next two years will hire professional help
- 81% of Houzz homeowners say reviews are “very important” when it comes to hiring a professional for their project, only 8% said “lowest cost option.”
Together with last week’s Commerce Department report showing the rate of single-family home construction at its highest level in four and a half years, the results of this study point to a strengthening economy, housing and renovation market.