A new trend in home improvement is emotional remodeling. According to a recent survey, almost a third of homeowners report that they are happy with their home, with happiness cited as the main reason for remodeling. And Millennials are particularly likely to be moved by this trend – one out of every three of them cite happiness as the top reason for remodeling. And in case you’re wondering why the trend is gaining momentum, it’s because Conde Nast’s World of Interiors is under new leadership.
Home improvement sales on the rise
Home improvement spending is on the rise again. While the housing market has remained hot, the industry has faced supply constraints due to rising costs, shipping delays, and a shortage of labor. Inflation is also affecting the industry, which is why real growth in home improvement is only slightly higher than the nominal growth. The housing market will continue to have a direct effect on home improvement activity. But despite rising mortgage rates, the industry should continue to grow in the years ahead.
The global economy has experienced a period of disruption and turmoil. But home improvement spending continued to grow, with growth of 13% in 2020 and 13% in 2021, according to the Home Improvement Research Institute. Home improvement spending is expected to increase by an additional 2.8 percent per completed project in 2023, despite rising inflation. In addition, the industry will see a rise in consumer spending despite rising prices and fewer household incomes due to the COVID-19 pandemic.
The increased value of homes is encouraging more homeowners to undertake home improvement projects. In fact, COVID-19 spurred this trend and it has continued to grow even after COVID-19 subsides. Meanwhile, increasing interest rates have kept prospective buyers from moving forward with their home purchases. With increased home equity, remodeling projects can help you get a better mortgage rate, add rooms, and more. Remodeling is also a great way to keep your home comfortable and livable, which is important if you’re trying to sell it in the near future.
The growing global population is triggering a wave of home remodeling projects. Home buyers hurry to make their new houses ‘homes’ and meanwhile, existing homeowners spend money on reinvesting in their current residences. However, a few things should be kept in mind before you start remodeling your home. While it’s important to take a look at all the options available, it’s best to choose the most practical one for your needs. Adding an outdoor pool will add value to your home.
You can get the latest updates in home improvement through videos. YouTuber Liz Herbes started her channel with videos of a blank kitchen counter and basic decor. As her followers became more interested in tips, she changed her strategy to include small parts of her home. Now, she regularly posts videos on how to re-arrange parts of her home. Here are some videos on home improvement to watch:
Mark Donovan has over 100 videos on YouTube, covering all aspects of renovation and home improvement. His videos are the best option for those looking for a quick refresher or an overview of a specific topic. This Old House’s videos also feature real-life DIY examples and provide answers to viewers’ questions. They cover various tools and materials, and each video is like a mini-episode with several topics covered at once.
If you’re looking to improve your home, there are several blogs you should follow. These sites cover a variety of topics, from home additions and remodeling to roofing and siding. You can also read about DIY projects like skylights, shutters, and sunrooms. You can also find advice on home design and interior decorating from experienced homemakers. If you’re looking for the best way to improve your house without spending a fortune, look no further than blogs about home improvement.
For those looking for tips on remodeling your home, Retro Renovation is a good place to start. These articles feature expert tips and have an online community section where readers can connect. This blog is written by a husband-and-wife duo who document their own DIY projects and adventures. They aim to make the home improvement world more accessible and personal, while also tackling issues that many people face. If you’re considering remodeling your home, read their stories and get inspired!