Resale value matters but not as much as design and functionality, the 2019 U.S. Houzz & Home report reveals
Most people look at their home and dream of making improvements. But the catalyst for actually beginning a renovation project varies. The 2019 Houzz & Home report sheds light on some of the key reasons homeowners finally make the leap from dreaming to taking action.
Wanting to Stay Put Motivated Many 2018 Renovations
Once homeowners made the decision to renovate, their top priorities for the outcome of the renovation were clear. Improving design (88 percent) and functionality (81 percent) drove most of the process. Other priorities were financial considerations, such as increasing resale value (67 percent), minimizing costs (63 percent) and improving energy efficiency (62 percent).
Health, eco-friendly and smart-tech considerations appeal to a subset of renovating homeowners. Thirty-five percent mentioned addressing health concerns as a high priority, 30 percent said integrating green materials was important and 27 percent said integrating smart technology mattered.
Similar-size groups cited these same factors as low priorities. Thirty-five percent said addressing health concerns was a low priority, 27 percent said integrating green materials was, and 33 percent said integrating smart technology was.
Renovating homeowners said their top challenges were finding the right service providers and staying on budget (32 percent for each), as well as finding the right products (31 percent).
To a lesser degree, renovating homeowners cited dealing with the unexpected and staying on schedule (22 percent for each) as additional renovation challenges, as well as funding the project, educating themselves and defining their style (17 percent for each).
Original Post Written by Erin Carlyle via Houzz.com. All credit to Houzz and Erin Carlyle.
Carlyle, Erin. “Why Homeowners Renovate and What They Care About Most.” Houzz, Houzz, 9 June 2019, www.houzz.com/magazine/why-homeowners-renovate-and-what-they-care-about-most-stsetivw-vs~121693199.