Recession Remodeling – Debunking the Myth

A recent article from US News and World Report names the top three “recession remodeling trends.”  Despite the recession, people are still doing custom remodeling.  In fact, the article reports that the National Association of Home Builders’ Remodeling Market Index (RMI) hit a five-year high in the fourth quarter of 2011.  But the custom remodeling projects are taking on a different twist.  People are opting to stay put and make their homes more livable, both for themselves and for extended family.

Top trends include suites for long-term care at home, outdoor retreats, and smarter kitchens.  The need for in-law suites or room additions is prevalent – many are thinking about “aging in place” designs.  These custom additions can be second-floor additions, but more often they are bump outs from the original home in order to avoid stairs for the new occupants.  If stairs are not an issue, they can even be apartments over the garage.  The point is practicality and convenience, both for the aging person and the care giver.

In addition, decks, sun rooms and Florida rooms have seen a strong demand in the custom remodeling business.  People are trying to get back to nature and spend more time outdoors.

Finally, the “wow” kitchen is probably the most popular custom remodeling job – both for the homeowner and the custom builder.  We spend so much time in the kitchen, and socially, we gravitate to the kitchen.  The US News and World Report article contends that people are customizing their kitchens more, with more emphasis on pantries and utility rooms.  They are also opting for larger eating areas and family room areas.  A kitchen addition becomes an extension of the living area – open, airy, and friendly.

If you decide to remodel, your custom remodeler can give you tips and ideas on how to meet your lifestyle needs and get the most for your money.