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Houzzers Tell Us How Much It Cost, and How Long It Took

—  Houzz
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What Houzz contributors are saying:

erincarlyle
Erin Carlyle added this to How Much Does a Remodel Cost, and How Long Does It Take?Jun 21, 2016

Notably, the No. 1 reason people decided to renovate instead of buy was a desire to stay in their current home or on their current lot or land, according to the Houzz & Home survey. Forty-nine percent of survey respondents who renovated cited this as a reason. Twenty-eight percent said that renovating was more affordable than buying a different home.Desire to stay in place increased with age: 26 percent of millennials (ages 25 to 34) wanted to stay in place, while 45 percent of Gen Xers (35 to 54) and 56 percent of baby boomers (55-plus) did. The data aligns with other noted trends: People aren’t trading up in housing, according to real estate data site Redfin. In 2001, the median amount of time a homeowner stayed in a home was four years. By last year, that had risen to a median of nine and a half years.

What Houzzers are commenting on:

roomsrevamped
Robin LaMonte/Rooms Revamped added this to Renovation Notes for my ClientsJul 17, 2016

Notably, the No. 1 reason people decided to renovate instead of buy was a desire to stay in their current home or on their current lot or land, according to the Houzz & Home survey. Forty-nine percent of survey respondents who renovated cited this as a reason. Twenty-eight percent said that renovating was more affordable than buying a different home.Desire to stay in place increased with age: 26 percent of millennials (ages 25 to 34) wanted to stay in place, while 45 percent of Gen Xers (35 to 54) and 56 percent of baby boomers (55-plus) did. The data aligns with other noted trends: People aren’t trading upin housing, according to real estate data site Redfin. In 2001, the median amount of time a homeowner stayed in a home was four years. By last year, that had risen to a median of nine and a half years.

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