National Association of Realtors:
Remodeling Impact Report
The National Association of Realtors (NAR) is a professional association that represents real estate agents and brokers in the United States. The association conducts research and provides reports on various aspects of the real estate industry, including remodeling trends.
Remodeling is a common practice among homeowners to update or improve their homes. Remodeling trends can vary depending on factors such as economic conditions, regional preferences, and changing lifestyles. Some general remodeling trends that have been observed in recent years, according to previous NAR reports and industry insights, include:
Outdoor living spaces: Homeowners are increasingly investing in outdoor living spaces such as patios, decks, and outdoor kitchens, to create additional functional areas for relaxation and entertainment.
Energy-efficient upgrades: Many homeowners are incorporating energy-efficient upgrades into their remodeling projects, such as installing energy-efficient windows, doors, and appliances, to reduce utility costs and minimize their environmental impact.
Open concept layouts: Open concept layouts, where walls are removed to create larger and more connected living spaces, have been popular in recent years, as they provide a more contemporary and spacious feel to homes.
Kitchen and bathroom upgrades: Kitchens and bathrooms are often considered focal points of a home, and many homeowners invest in remodeling these areas to update the design, functionality, and value of their homes. This may include installing new cabinets, countertops, appliances, and fixtures.
Aging-in-place features: With an aging population, many homeowners are incorporating aging-in-place features into their remodeling projects, such as grab bars, wider doorways, and no-step showers, to make their homes more accessible and safe for older adults.
It's important to note that remodeling trends can change over time, and the specific findings of the National Association of Realtors Remodeling Report for 2022 would provide the most up-to-date and accurate information on remodeling trends for that year. To access the latest report, you may visit the official website of the National Association of Realtors or contact them directly for more information.