Who loves renovating their home? The stress of contractors, coordinating workers around your schedule, making decisions on tile, wood flooring, and color schemes: home renovations can be overwhelming. The motivation to renovate though comes from those bright and shiny new countertops, clean backsplash, and upgraded features. 

Since the start of the year, home renovations have increased 25% and over half of US homeowners have made substantial improvements, according to national polls.

What part of the home is under renovation? 
– 36% are renovating a room/basement/attic
– 12% are adding a new room

– 17% are adding a pool/hot tub

Sometimes clients start out wanting to renovate and after reaching out to several contractors and obtaining quotes, then decide to sell and purchase a home that has the upgrades that they desire. 

These renovations are not slapping a fresh coat of paint on a wall or swapping out hardware on kitchen cabinets. Structural changes to a home’s floor plan, adding square footage, blowing out walls, and ripping out old bathrooms come with its own set of problems (whether you are DIY-ing it or hiring out).

Have you ever bought a fixer upper and then renovated it? What is your best advice when it comes to upgrading your home? We would love to hear it! 

Are you curious about whether your home has changed value in the past few months, find out HERE

 

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This content is not the product of the National Association of REALTORSĀ®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.