According to a report, high costs and economic uncertainty are curtailing large remodeling projects, with homeowners instead focusing on essential upgrades and future-proofing their homes. Many are leaning toward energy-efficient and accessibility features to accommodate aging in place. The renovation industry anticipates recovery as inflation eases and interest rates potentially drop. There’s a notable trend of younger clients seeking homes designed for lifelong living, reflecting a shift towards thoughtful renovations that enhance both immediate functionality and long-term livability.
For homeowners remaining in place rather than purchasing new homes, remodeling has become a strategic decision to enhance the functionality and value of their homes.
Aging-in-place designs and energy-efficient improvements are rising in popularity among homeowners as they look to balance immediate remodeling needs with long-term benefits.
The Federal Reserve's next decision on interest rates is anticipated to affect the remodeling industry positively, easing inflation could encourage future investments.
More Realtors are noting younger clients are seeking homes that allow for aging-in-place, indicating a shift towards long-term housing solutions.
Collection
[
|
...
]