MENLO PARK, Calif., Feb. 24, 2016 /PRNewswire/ -- Kukun, a leading online platform that helps homeowners navigate the home remodeling process, today announced that its data scientists identified that the home renovation market is poised for significant growth in 2016 and that Millennials are the leaders among home renovators, especially those who are utilizing online tools to aid in the ease of the process.
Additionally, Kukun boasts that in under two years, more than 55,000 projects worth $450M+ in total renovations have been estimated on the platform, which Kukun has traced since its inception in 2014. The Company has seen the number of estimates triple on the site and traffic quintupled since January of last year.
"More sales means more renovations. More renovations means more people needing tools to help ease the process and make it more efficient," said Raf Howery, CEO and co-founder of Kukun. "Major metropolitan areas, such as San Francisco and New York, are seeing the greatest number of home renovations due to their growing housing markets. We're also happy to see Millennials are embracing the renovation process. Their generation is environmentally conscious and wants homes with sophistication, history and character. They're key for the demand in technology like ours to solve the complexities of the home renovation process. Kukun is the perfect tool to fit their needs."
Additional findings from the report include:
- Women plan 59 percent of home renovations and the initiators of those projects
- California has the largest home renovation economy, due to its affluent population and mild weather, which allows people to renovate year-round.
- Renovations were planned eight times more than additions projects.
- Kitchens and bathrooms remain the most popular home renovation projects. Bedrooms and bathrooms top the charts for popular additions.
- 75 percent of people planning to renovate a bedroom wanted to redo their bathrooms, as well.
- 77 percent of people thinking about renovating their living room were planning to do their kitchens too.
Kukun is the perfect marketplace with easy-to-use tools for home renovators who'd like to complete any renovation project for their home. Kukun is on a mission to build a more sustainable, energy-efficient housing market. By renovating existing homes in smart ways, unnecessary buildouts are avoided.
Download the full report: https://goo.gl/HBdBWU
Kukun is the perfect marketplace with easy-to-use tools for home renovators who'd like to complete ANY renovation project for their home. Kukun's tools help home renovators manage the entire process from beginning to end, so they can control the time and money involved along the way. Homeowners use our tools to automatically get answers to the majority of their questions so they can embark on their renovation projects with confidence. In addition, Kukun caters to industries that provide services to homeowners, such as construction professionals, banks, retailers, interior designers and real estate agents.
Connect with Kukun:
Home Remodeling Estimation Tool Explainer Video:
Kukun, The Home Renovation Market Place:
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