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How Much Homeowners are Spending on Renovations Across Major U.S. Cities - Residential Contractor

1 month ago | residentialcontractormag.com

According to a new report from Instant Roofer that analyzed data from the latest American Housing survey, it’s seeming that instead of moving and picking up a new mortgage, more American homeowners are opting to stay put and renovate. Their spending proves it: Home improvement spending has jumped to $790 billion annually — up 60% since 2019. Homeowners spend an average of $9,000 annually on bigger home improvement expenses, according to the survey. In certain U.S. metros however, homeowners are spending up to thousands more. GoBankingRates detailed the major cities…
What’s the Best Time of Year to Renovate?

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

“Weather, cost, holidays and work come into play when thinking about the best time of year to complete a home renovation project.” In this article RenoFi weighs the pros and cons for home remodels for each season. Read more Related
Remodel of the Week: 2024 National/Regional CotY Award Winner, Residential Kitchen $150,000 to $200,000

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

Blending the historic home’s 1918 charm with features designed to meet the needs of contemporary living, this newly renovated kitchen by Val Collective includes premium marble countertops, a cozy butler’s pantry, multiple islands, and sleek gold fixtures. Home to an active family of four, Val Collective took advantage of the open floor plan to create a bespoke communal space that elegantly accommodates both dining and storage. Read more Related posts
U.S. Home Improvement Analysis Report 2024: A $615.58 Billion Market by 2029, Fueled by Rising Demand for Personalization and Customization, & Smart Home Technology Integration - Residential Contractor

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

The U.S. Home Improvement Market is projected to reach $615 billion by 2029, rising at a CAGR of 2.78%. Dominating the market is the South region, with its rapid population growth, numerous single-family home builds, and warm climate. Homeowners in this region are more likely to invest in a variety of outdoor features, including pools, gardens, and patios, as well as energy-efficient home systems that create ease and improve security. Read more Related posts
Navigating Regulations and Permits: Top Five Tips for Remodelers

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

NARI reports that remodelers who want to streamline their processes and create better experiences for homeowners should follow these five tips: understand local requirements; obtain necessary permits; acquire licensing and insurance; consider lead safety regulations; and stay informed about regulations. Read more Related posts
Bernie Marcus, Home Depot Co-Founder Who Pledged to Give Away His Billions, Has Died

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

It was in 1978 when Bernie Marcus and Arthur Blank were both fired from Handy Dan, a home improvement chain, that set Marcus and Blank off on the lightning-speed path to founding Home Depot only one year later. The idea was to gather all home-improvement needs under one expansive roof. By 1990, Home Depot was the largest home improvement chain in America. NPR reports that Marcus died on Monday at the age of 95. Read more Related posts
Most Homeowners Over Budget on Remodels, Report Finds

Nov 6, 2024 | residentialcontractormag.com | Megan Manata

According to research from Clever Real Estate, a St. Louis-based real estate company, 2/3 of homeowners who embarked on a home remodeling project have fallen into debt. While some went over budget by $5,000, many more experienced unforeseen challenges, resulting in halted projects and mid-project layoffs. Still, 93% of homeowners say they plan to pursue a major renovation in the future, though more than half may undertake DIY projects to save money.
Remodel of the Week: Concord Carpenter Remodels 377 Main Street Concord, MA

Oct 30, 2024 | residentialcontractormag.com | Megan Manata

NAHB Remodeling award winner W.P.L. Bager House in Concord, Massachusetts, merged modern amenities with its antique charm. Concord Carpenter LLC, the full-service builder and remodeling company behind the redesign, worked with the homeowners who faced significant challenges due to the house’s deteriorating condition and an overwhelming amount of necessary repairs.
What You Need to Know About High-Performance Insulated Glass Packages

Oct 30, 2024 | residentialcontractormag.com | Megan Manata

According to the National Association of The Remodeling Industry, recent advancements in building products have significantly improved the energy efficiency of windows and doors, particularly through high-performance insulated glass packages like ClimaTech PriME. These new products meet ENERGY STAR’s Most Energy Efficient criteria across all climate zones, making them a selling point for contractors looking to provide clients with energy-efficient upgrades.
Supreme Court Rules on Important Impact Fee Case

Apr 29, 2024 | residentialcontractormag.com | Brian Anthony

Supreme Court Rules on Important Impact Fee CaseIn their ruling, the Court narrowly determined that legislatively enacted impact fees are not exempt from the requirements set forth in two previous property rights cases. As such, local governmentsâ€¦Read MoreNLChttps://www.nlc.org/article/2024/04/25/supreme-court-rules-on-important-impact-fee-case/ Related posts