Have you been thinking about remodeling your bathroom as of late? If so, then you are certainly not alone as many people want to get in on the world of custom home builders and new home construction. People absolutely love the idea of being able to remodel your bathroom and customize a room to their liking. Thus, bathroom remodeling is now more popular than ever before. Here are all of the facts on bathroom remodeling!
The United States is the second largest construction market in the world, with a market share of 10%. This includes not just bathroom remodeling, but remodeling and renovating so many other areas within the home. For instance, the basement and kitchen are also incredibly popular for homeowners who are looking to change things up in their home.
A recent survey revealed that 76% of homeowners change the style of their kitchen during their renovation project. So again, not only is bathroom remodeling but changing things up all throughout the home is a huge deal. Some homeowners value this more than the actual location and area they live in.
There are 7.42 million homes and apartments available in Florida today. According to Neighborhood Scout, the median home value in Florida is $209,623. If you are looking to new home construction in Florida, keep your eye out for these kinds of statistics.
So many people are interested in creating a brand new home as opposed to buying and having to go through the process of bathroom remodeling. Understand that as of June 2017, there were approximately 323,000 new homes sold in the Southern region of the United States. Thus, people are really trying to get their hands on brand new homes or they are looking to construct a brand new home as well.
By the year of 2021, experts believe that the spending for residential construction projects in the United States is going to reach nearly $571 billion. This is amazing because, in 2016, the average price of a new home in the United States was $372.5 thousand. Thus, the housing market is doing quite well despite what many people think. So think about getting a new home or buying a home and getting involved in bathroom remodeling!
The United States improvement and repair expenditure for both owner-occupied homes and rental units amounted to roughly $326.1 billion in 2015. You do not need to be a math expert to understand how great this type of statistics is for the world of residential businesses. This means that people are willing to spend money on either repairing a rental unit like a condo or an actual home that is owned by homeowners!
As of May 2018, the number of single-family housing completions was 890,000. This number is going to continue to go up as time moves forward. People are now so invested in bathroom remodeling and creating homes that they see on television. Keep in mind that the popularity of HGTV and television shows based on renovating homes can help point to the type of lifestyle many Americans crave and want to have for their own.
Closing Out The Facts On Bathroom Remodeling
If you are currently trying to find yourself the right home then the most important thing you can do is to have patience. This is not a decision that can be made overnight and the right home will not be found within 24 hours. Buckle up because you are going to have to look through a number of options before you can find the right home.
Homeowners should keep an open mind when getting themselves their next home. If you get a brand new home then you are surely in luck. However, there is nothing wrong with buying an older home and going through the process of bathroom remodeling!