What You Should Know About The Home Remodeling Industry Here In The United States
All throughout the United States, people are looking to renovate their homes. After all, recent data has even shown that up to two thirds of the home owning population in this country are planning some type of a home renovation. Therefore, the industry surrounding the home remodeling project is very much on the rise, and will hopefully only continue to grow in the years that are ahead of us as well. And people are spending more money on such endeavors than ever before, a cumulative $340 billion over the course of the year of 2018 alone, according to the Joint Center for Housing Studies. After all, the remodeling of a typical home bathroom is likely to cost up to $19,000 – and some other home renovation projects can even end up being more expensive than this. Some particularly upscale bathroom remodeling projects, after all, can exceed $60,000 in total overall cost.
And there are many different types of popular remodeling projects – again according to a study conducted by the Joint Center for Housing Studies, this time in the year of 2016. As of this year, the aforementioned bathroom remodeling projects were incredibly popular. In addition to this, kitchen remodeling projects are also incredibly common. After all, kitchens are the center of the home in many different ways. Many people find that, once they remodel their kitchens, they use them more and actually adopt healthier lifestyles, making the money spent on such a remodeling project more than worth it at the end of the day. Whole home renovations are also quite common indeed, coming in third behind kitchen remodeling and then bathroom remodeling projects. For an older home in serious need of rehabbing, there are many ways in which the whole home remodeling project can end up making a difference – and a hugely positive one, for that matter.
Of course, many people want the impact of a home remodeling project – but do not necessarily want to pay steep costs. Instead of hiring one of the remodeling companies now found throughout the country, many people will instead look into a do it yourself (or DIY) endeavor. The design build of a DIY project can end up saving a tremendous amount of money, especially since the owners of the home in question can have a bigger say over the materials that are used.
Consider, for instance, the importance of lumber in many a home remodeling project, at least in the vast majority of places throughout the United States. The DIY lumberyard is a successful place indeed nowadays, something that is directly linked to the growth of do it yourself projects taken on by home owners all throughout the country. As a matter of fact, the data that has been gathered on the subject more than supports this claim, as this data has found that the average store with a DIY lumberyard will sell well over $3.5 million in lumber over the course of just one single year. And in the years that are ahead of us, this number is only likely to increase quite impressively indeed.
Of course, there can certainly be benefits to hiring professional home remodeling contractors. After all, professional home remodeling contractors are able to provide a great deal of skill and expertise to just about any home remodeling endeavor. Therefore, the safety of the project will likely be improved quite impressively by having a home remodeling contractor on board. When people attempt DIY projects in regards to some type of home remodeling project, there is far too much of a chance that someone will be come injured throughout the endeavor – perhaps even seriously so.
At the end of the day, the prevalence of home remodeling projects is quite important indeed here and all throughout the United States. In the years that are to come, the importance of such home remodeling projects and endeavors is only likely to continue to climb and climb in the years that are ahead of us, as well. For many people, hiring a professional to conduct their home remodeling projects is something that will be more than worth it once the project has been completed.