Which Remodeling Projects Bring the Most Joy?
Painting, adding a home office and new hardwood floors were among the renovations that brought homeowners the most joy in the past year. How have you remodeled this past year? Maybe you’re even looking to start a new project. This article has all the DIY inspiration.
In 2020, Americans spent $420 billion remodeling their homes, according to a new report by The National Association of REALTORS (NAR) and The National Association of the Remodeling Industry (NARI.) They remodeled to upgrade outdated worn-out surfaces, finishes and materials (30%), add features and improve livability (20%), and just enjoy a change (16%.) While most consumers (83% of those surveyed) said they would have remodeled regardless of the pandemic, most found that they were happy with the results (57%), satisfied (39%), and felt a sense of accomplishment (69%).
Homeowners reported that the best results from remodeling were better functionality and livability (35%), durability (22%), and beauty (14%). A whopping 84% of homeowners said they enjoyed their homes more than before they remodeled. Although most projects were completed with standard quality fixtures and materials, and some with better-quality installations, NAR and NARI calculated the consumers’ typical “Joy Score” at 9.6 out of a possible 10.
So which renovations brought the most joy to homeowners? Interior projects that received a perfect Joy Score of 10 include: painting entire interior of the home, painting one room of the home add a new home office, hardwood flooring refinish, new wood flooring, a closet renovation, insulation upgrade, and attic conversion to living area, said the report. Scoring 9.8 were complete kitchen remodels and partial kitchen upgrades. A basement conversion to a living area scored a 9.7, and a bathroom renovation scored a 9.6. Adding a new laundry area and a new master bedroom earned a 9.5.
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