Why Families Are a Popular Client for Exterior and Interior Remodeling
As families grow, so do their housing needs. According to Allied Market Research, 35 to 54-year-olds (those with growing families) are the most likely demographic to invest in home renovations. In this article, we'll explore why exterior and interior remodeling is popular among families.
More Space
As children grow up and families expand, the house might seem like it's shrinking! According to Harvard's Improving America's Housing report, married couples with children are more likely to renovate their homes than single persons. They need to increase the space they have to enjoy the same level of comfort and enjoyment. The desire for comfort may mean updating the structure of their homes to increase square footage.
Upgraded Lifestyle
As people grow older, their income grows, and they have a better appreciation for the finer things. With their increased income, homeowners have more disposable cash to spend. Suddenly, interior remodeling can become a priority. Remodeling options such as lavish master baths, home gyms, and gourmet kitchens are all within reach.
Kid-Friendly Environment
Homes may need some interior remodeling to accommodate newborns and children. These remodeling projects may include a new coat of paint, new furniture, an open floor plan, or childproofing measures. In this case, interior remodeling choices include secure window locks, cabinet and drawer locks, removing worn carpeting, safer railings, and so on. Some renovations make life easier, such as durable and easy-to-clean surfaces, leather over cloth or hardwood flooring over carpets.
A Forever Home
Families that love the area they live, or grew up, in never need to move with the right renovations. According to Pew Research Center, 59.7 million U.S. residents live in multigenerational households, a figure that has been growing steadily since the 1970s. More people are opting to accommodate later generations, which shows their willingness to spend money on improving their homes. According to the National Association of Home Builders, two and three-generational households were both 32% more likely to remodel within a year as compared to households with one generation (28%).
Families that require more from their houses can get more with Forward Design Build Remodel! If you need the services of an Ann Arbor, Michigan design-build remodeling firm, contact us today. We'll be happy to help you with your next exterior or interior remodeling project.
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