The housing market is booming, and it’s not just because people are buying more homes. As we all know, Americans are also pretty good at spending money on home improvement projects.
In a report titled “Improving America’s Housing 2021” by Harvard’s Joint Center for Housing Studies, spending on home improvement and repairs reached $420 billion in 2020. That’s a lot of money, especially when the country was choked financially by the effects of the COVID-19 pandemic.
We can expect this trend to continue with an even higher force as Americans are experiencing higher disposable income after the COVID-led economic slump. But what does it mean?
Well, it means that Americans are more interested than ever in making their homes more comfortable, functional, and beautiful. It also means they’re willing to spend extravagantly to improve their relationships with their homes.
If home improvement sounds like something that would get your heart pumping, then keep reading. We’re going to break down four ways that these changes could affect your relationship with your home:
Kitchen – For Better Functionality
The kitchen is where we spend most of our time. It’s also the place where we get our food and cook it. As such, it’s important that we feel comfortable in this space. However, kitchen remodeling will be your best bet if you want to make this part of your home more comfortable. It’s an excellent way to enhance your relationship with your kitchen and improve its functionality.
According to a study commissioned by Signature Kitchen Suite and conducted by OnePoll, an average American is willing to spend $74,000 on remodeling their kitchen. The same study found that 80% used technology in their kitchen to improve the cooking experience.
The figures are indicative of higher investment from homeowners to integrate new technologies in their kitchens, like voice-activated appliances that save them time and effort while preparing meals. That’s because we live in a world where we want our kitchens to be as functional as possible and have everything at our fingertips, whether we’re cooking or cleaning up after dinner.
This isn’t just about getting some new appliances or cabinets. But it’s also about making your kitchen a place you can use every day without worrying about how long it will take or how much work it will be to clean up afterward.
Roofing – For Higher Value and Appeal
Want to feel like your home has more value and appeal?
Roofing upgrades are a great way to do it. With these upgrades, you can witness a significant surge in the value of your home while feeling good about yourself and your family.
Over the years, Americans have become more digitally literate due to the high penetration of personal computers. As digitalization continues to reshape the way we live our lives and interact with each other, it is also helping Americans stay on top of home improvement trends like roofing upgrades. Citizens in various states like Louisiana are becoming digitally literate on par with citizens in advanced states like New York or Washington.
For example, according to the data available on census.gov, 93.9% of households in River Ridge, Louisiana, have a computer from 2017 to 2021. Also, nearly 88.4 households have a broadband internet connection. This means that a growing number of Americans can access information about home improvement trends like roofing upgrades.
As digitalization works in favor of the growing awareness of roofing upgrades, the demand for roofing contractors is high among the homeowners in River Ridge. With these contractors at your disposal, you can rest assured about all your roofing needs, including repairs, replacements, and more. Roofing contractors can also give you advice on how to take care of your roof to ensure that it lasts longer than expected.
Hence, there are many benefits to hiring a contractor in River Ridge, LA. You’ll be able to stay on top of any issues that might arise with your roof so that they don’t get worse. You can also prevent leaks and other problems from getting out of hand. In addition, you’ll be able to save money by being proactive rather than reactive when it comes to repairs on your roof.
Bathroom – To De-stress
With the modern lifestyle becoming fast-paced, bathrooms have become an important place where you can just relax and beat the stress. They also serve as a place for you to get ready for the day ahead and take care of your hygiene.
The State of Remodeling in the U.S. Report 2022 revealed that 27% of homeowners renovated their bathrooms in 2022. This shows that people are looking to improve their bathrooms to make them more comfortable, functional, and stylish.
When you renovate your bathroom, it is not just about making it look good. You also want to make it more functional, which will make it easier for you to use it more comfortably. When renovating your bathroom, you should consider what materials would work best for your needs and lifestyle.
If you have small kids who need baths regularly, then installing a tub with a built-in seat would be great because it will save space and water by allowing them to sit down while bathing.
Security Systems- To Help You Feel Safer
When you’re considering ways to make your home feel more like a home, you may be thinking about security systems. It’s not surprising as we all dearly want to have a home where our family and children are safe.
The U.S. Houzz & Home Study found that homeowners spent 25% more on security systems during renovation projects in 2021 as compared to 2020. That’s a big jump. And it only makes sense: when you’re making major changes to your home and spending lots of money to do so, you want everything about your house to feel secure and safe.
Thus, if you’ve been thinking about adding some new security features, now is the time. By installing new security systems, you will be confident that your family is protected from any external threats like intruders or fires.
Moreover, you can rest easy knowing that there are cameras throughout the house, including those hard-to-reach spots where burglars often break in.
As you can see, there are several ways in which you can improve your relationship with your home. By focusing on these four aspects, you can ensure that your home is a comfortable place to relax and unwind.
Whether you’re looking for a new home or want to spruce up the one you already have, it’s important to know what makes the biggest difference in how you feel about your space.