With the changing leadership of Conde Nast’s World of Interiors, emotional remodeling is becoming a trend. One out of three Millennials says they’re motivated to make home improvements for emotional reasons. This trend is reflected in the statistics for happiness in the home. In addition, one in five homeowners reports that remodeling is a way to enhance the quality of life. Here are some home improvement news stories you should know. The article below explains the different trends and the importance of a good plan.
Reveal Homestyle
If you want to renovate your home and renovate it in a budget, you can consider the Homestyle refinancing option. Unlike a traditional cash-out refinance, a Homestyle loan will allow you to finance your renovations with a higher loan-to-value ratio. But be sure to find an experienced loan consultant to assist you with your application. Here are some of the advantages of the Homestyle loan:
Bless’er House
Homeowners who are interested in home improvement can follow Lauren Shaver and her husband, Robert, who have created a blog about their personal experiences with home projects. Lauren is a self-proclaimed “do-it-yourselfer,” and she and Robert have published many DIY-related articles, as well as featured in several home and interior design magazines. The Shavers have two daughters, one who’s a budding interior designer, and have been sharing their experiences through a series of home improvement blogs since 2007.
LIXIL
LIXIL is a group of brands, each offering a unique perspective on the home improvement business. Together, these brands help to create better homes for all. As a global leader in the water and housing markets, LIXIL’s diverse offerings are designed to enhance the life of customers, businesses, and society. Its brands include American Standard and GROHE, each of which is committed to providing exceptional experiences through innovative products.
Remodeling trends
According to the National Association of Home Builders, more than half of all American homes were built before 1980. Another quarter were built between 1970 and 1980. Baby boomers are the biggest segment of home renovators, with 59% indicating they would spend a portion of their savings on home improvement projects. In 2018, baby boomers and Gen Xers made up the largest segment of home renovation spending, with 81% of remodeling projects undertaken by these generations. Meanwhile, millennials, aged 20 to 39, accounted for just 14% of these projects. The median renovation cost was estimated at $10,000, and the number of projects is expected to increase tenfold by 2030.
Emotional remodeling
A recent study conducted by LightStream found that half of homeowners say they want to enjoy their homes more. Another two-thirds want to be happy in their spaces for years to come. According to the survey, these attitudes are driving the trend toward home improvement. And while the recession has affected home improvement, millennials are more likely to choose to remodel their homes to make them more comfortable and enjoyable. In addition to Millennials, women are more likely to remodel their homes for social reasons.
