Kali Real Estate

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Home Improvement and Remodeling

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home-improvement-stats

 No Project left undone

During the past year alone, new homeowners spent $18 billion on home improvement projects. From the simple, such as painting or flooring, to large-scale projects, such as additions or replacing windows, this group of consumers made the most out of every paint brush, hammer, and two-by-four.

1 out of 5 new homeowners took on a remodeling project during the past year.

These remodeling homeowners are:

  • 70% more likely

  • 68% more likely to have taken on a new landscaping

  • 49% more likely to have tackled an addition

  • 43% more likely to have remodeled a bathroom

  • 29% more likely to have replaced windows

  • 25% less likely to have not made any home improvements during the past year

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Source: Nielsen Scarborough USA+ Study

The Social Benefits of Homeownership

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The-Social-Benefits-of-Homeownership

 

The Social Benefits of Homeownership

Educational Success:

  • Children of homeowners tend to have higher achievement levels in math and reading.
  • They also tend to have fewer behavior problems.
  • Teens whose parents own a home are more likely to stay in school.

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Health Benefits:

  • New homeowners report higher quality of life.
  • Higher self-esteem.
  • A greater feeling of control over their lives.

Civic Participation:

  • Homeowners vote more.
  • Homeowners spend more hours volunteering.
  • They tend to know more people in their neighborhood.

 

Source:

NAR’s 2012 study entitled “Social Benefits of Home Ownership and Stable Housing”

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