Remodeling & Renovations Are The “New Normal” for Homeowners
By: Brightleaf Homes
Tags: Remodeling, Housing, Covid 19, Home Renovation, Home Improvement

Home Upgrades, Transformations, Remodeling, & Renovations Are In Higher Demand Than Ever Before

As people across the country are spending more and more time at home than ever before, home improvement projects are increasingly becoming top of mind for homeowners.

Interior designers and home remodelers are working with people who can’t wait any longer to spread out into underused areas of their home or add a sheltered extension, whether inside or out. People want a healthier home. People are looking for more ways to maximize their space. People are inspired to build greener.

There has been a shift from the open concept and COVID is accelerating this as people are looking to create unique spaces for working from home and other uses. People are desperately looking for additional living space.

It’s now becoming more accepted that a home needs to serve multiple purposes, from an office and classroom to a gym and resort. There is also increasing interest in bringing extended family members together under one roof, especially older adults.

75% of homeowners say their home renovation budget for 2020 has remained the same if not increased from last year, according to a recent survey by the National Association of Realtors®.

“Homeownership looks different now than it did years or even months ago — our homes have become offices, gyms and studios, so we’re seeing a shift in priority of the types of features that homeowners and potential buyers want. Not only will improvements like updated kitchens for a better cooking experience be of interest to potential home buyers, but renovations such as adding space for a home office or gym will increasingly be in higher demand as we follow social distancing guidelines.” — Vince Malta, NAR President

Some renovation priorities remain unchanged. Kitchen and bathroom upgrades and remodels were highly recommended by Realtors® in 2019 and continue to top most homeowners’ lists.

The Value Of Having The Home You Want (Or Need) Is More Important To Homeowners & Buyers in 2020

A survey done by Meyers Research asked, “what floor plan design changes or home design improvements are you now considering since the pandemic?”

What Would You Change About Your Home? Let Us Know Here!

Here are the top four requested wanted most by people right now across the country for their home:

✅ More defined office space/work stations (34%)​

✅ Additional flex space (25%)​

✅ Additional technology integrated into the home (20%)​

✅ More defined e-learning space/work stations for kids (13%)​

According to our BrightLeaf Homes Specialists, the only way to actually get all top four of the most requested options above, a homeowner will either have to build a new home with all of these things in mind, buy a new home with all of these things in place, or utilize a service like BrightLeaf’s Find + Refresh service that finds a home that is close and adds the rest using their design-build, construction, and remodeling services.

“In an ever-changing world, homeownership provides sanctuary, safety and financial security. Making your home your dream home through remodeling projects takes time and patience, but recognize the feelings of accomplishment, satisfaction, and potentially higher home values that come with it.” — Vince Malta, NAR President

If 2020 has proven anything, it has emphasized that your home is more than just a home. And now that more people are spending the majority of their time within their home, they want to evolve it to their current lifestyle and needs, which has dramatically changed compared to recent years.

Click here to see a historic remodel project with before and after photos.

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