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Home Remodeling Forecast for 2015

In Chinese culture, 2015 will mark the Year of the Sheep…which, in case you haven’t heard, is horrible.  What’s wrong with cute, cuddly sheep?  According to Chinese folk lore, imagessheep are   submissive creatures who serve very little purpose until they are butchered for their meat.  It is said that people born in the Year of the Sheep are destined for lives of hard break and poor business decisions, leaving only one in ten experiencing happy, fulfilling lives.  It’s disheartening to imagine the New Year not even starting and the outlook looking bleak.  Lucky for us at Lindus Construction, we’re much more optimistic at what the home remodeling industry looks like for the upcoming year and wanted to share are predictions for trends we see happening next year.

Home Marketability: Homeowners are making home improvements that they believe awill bring extra value to their home, should they choose to put it on the market in the next few years.  They’re also seeking out products that have warranties that can be transferred to the next homeowner.

 

 

 

Parental Support:  The Millennial generation (those born between 1978 and 2000) arec also known as the “now generation”.  This means, when they set their mind to something, they don’t stop until they get it as quickly as possible, oftentimes with the support of their parents.  A Forbes magazine article from 2012 shared the statistic that 59% of moms pay for their Millennial child’s cell phone bill.  We see this theme of parental support carrying over into 2015 where parents will contribute financially to assist their children with home improvement projects, including full-scale remodels while still enabling their children to make decisions about the type of work being performed and the products installed.

Educated Homeowners: As will be the case each subsequent year, homeowners have houzzdone their homework about the types of products they want to install in their homes and design trends.  Websites such as Houzz and Pinterest place an unlimited supply of design photos at the fingertips of homeowners and allow them to put together boards and idea books with their concepts.  Additionally, online forums allow consumers to interact with others that have used the same products on their home that they are considering and see if they are happy with them.

Fashionable & Functional: While a home that looks stylish has always been a priority, 2015 will bring an uptick in the percentage of homeowners who want a home that also Installing-Fiberglass-in-an-Attic-Copy1-1024x577performs as well as it can.  In response to this demand, Lindus Construction is now offering home energy audits that include blower door testing.  We’re also using an insulated house wrap called Insultex ® which is a brand new concept to the market.

 
 
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