The National Association of the Remodeling Industry (NARI) and the National Association of Realtors (NAR) recently released their 2015 Remodeling Impact Report and it has some interesting finings. As reported in Kitchen & Bath Business, the survey uses data about remodel costs and resale value from home improvements to examine personal satisfaction from remodeling projects.
The survey looked at 20 remodeling and replacement projects to determine reasons for remodeling, the success of taking on projects and the increased happiness generated from project completion.
The study found that homeowners remodel for a variety of reasons, including:
–Upgrading worn-out surfaces, finishes and materials (38 percent)
–Adding features to improve livability (17 percent)
–Just because it’s time for a change (13 percent)
Post-remodel satisfaction numbers were high. After remodeling, homeowners:
–Felt a major sense of self accomplishment (75 percent)
–Found a greater desire to being their home (74 percent)
–Reported increased enjoyment in their home (64 percent)
These post-remodel results are the types of results we love to see from our own clients! To learn more, visit kbbonline.com and go to the story link.