Homeowners Excited About Remodeling Again
October 15, 2013
Planese, Inc., a consulting firm focused on helping homeowners through the remodeling process, announced that homeowners across the country are now willing to spend 30 percent of the value of their home when they remodel. The findings are part of the Fall 2013 Remodeling Sentiment Report, a forward-looking report based on data from the Planese and www.remodelormove.com survey of homeowners nationwide that analyzes and documents trends in the home improvement industry. Planese compared the responses of today's homeowners throughout the nation against the findings reported both during the recession in 2010 and at the height of the remodeling boom in 2007.
"The wealth effect is taking hold; consumers are spending again, which bodes well for the entire home improvement industry," says Dan Fritschen, CEO and co-founder of Planese. "More people are feeling secure enough during this economic environment that they are remodeling. It's no longer the most affluent; we are at the beginning of a multi-year trend."