A Double-Dip Predicted for Home Remodeling

Sep 13, 2011, 13:00 ET from Remodelormove.com

SUNNYVALE, Calif., Sept. 13, 2011 /PRNewswire/ -- The most recent report released by Remodelormove.com revealed that the number of homeowners reporting that the economy is affecting their remodeling plans has jumped from 69% in the spring of 2011 to almost 80% this fall.

"The fall 2011 U.S. Remodeling Sentiment Report shows that after a year of stabilization in 2010, the unrelenting bad news about the economy this summer is driving many homeowners to reconsider and either delay or scale back their remodeling plans," says Dan Fritschen, founder of www.remodelormove.com.

Further evidence of the dour mood of homeowners is the number of respondents who report that they plan to use "economy" materials in their remodel; this rose to 77% in this most recent report, up from 68% at the beginning of 2011.

Other findings include:

  • 19% of homeowners report their goal is to remodel to create their dream home, while 58% hope to remodel with the goal of adding a few special features to their homes.
  • Most homeowners in this survey, 51%, say they are excited about remodeling, but 11% are dreading the process, costs, inconveniences, and mess.

In this latest report homeowners reported they are planning to

Hire an architect

48%

Hire a general contractor

67%

Do some of the work themselves

62%

Remodel bathrooms

47%

Add a bathroom

51%

Remodel their kitchen

48%

Finish a basement

13%

Finish an attic

6%

Enlarge or add a garage

17%



A detailed report is available at: http://www.remodelormove.com/shopping/view_product.cfm?pID=42 .

Additional information can be found at: http://www.remodelormove.com/survey_reports.cfm .

To learn more about home value appreciation estimates, visit: www.remodelestimates.com .


This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com

SOURCE Remodelormove.com



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