Desire for New Amenities Remains Top Reason to Remodel
According to remodelers polled in National Association of Home Builder’s Remodeling Market Index (RMI), the number one reason customers remodeled their homes in 2014 was a “desire for better/newer amenities.” On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average rating on desire for newer amenities was 4.4 in 2014.
In second place with an average rating of 4.2 was a “Need to repair/replace old components”. A “desire for more space,” another fairly traditional reason, came in third with an average rating of 3.8; “To avoid moving or buying another home” was fourth at 3.3.
Desire to be able to age in place” (3.0), “increasing the value of the home as an investment” (2.8), and “energy efficiency/environmental concerns” (2.6) while significant factors in the remodeling market, were less powerful than the simple desire for new things and need to replace old things.
Do you fall into any of these categories? If so, Chuck Miller Construction Inc. can assist you. Contact us at (208) 229-2553 or by email to chuck@chuckmillerconstruction.com
