Dateline: Wed, 21 Jan 2009
freeNewsArticles Story Summary: “SUNNYVALE, Calif. (SEND2PRESS NEWSWIRE) — The spring 2009 RemodelorMove.com Remodeling Sentiment Report, a semi-annual survey of 5,000 U.S. homeowners, reveals that four times as many homeowners answered ‘probably not’ when asked if they will remodel this year, as compared to the 2007 survey. In this most recent survey, 68 percent of participating homeowners reported that they probably would remodel this year, down from 84 percent in the fall 2008 report and 92 percent in 2007.”
A R T I C L E:
SUNNYVALE, Calif., Jan. 21 (SEND2PRESS NEWSWIRE) — The spring 2009 RemodelorMove.com Remodeling Sentiment Report, a semi-annual survey of 5,000 U.S. homeowners, reveals that four times as many homeowners answered “probably not” when asked if they will remodel this year, as compared to the 2007 survey.
In this most recent survey, 68 percent of participating homeowners reported that they probably would remodel this year, down from 84 percent in the fall 2008 report and 92 percent in 2007. The economy clearly is the reason why. Three times more homeowners than two years ago state that the economy is affecting their remodeling plans greatly, and 82 percent report that the cost of the remodel is a major concern. Past reports are available at RemodelorMove.com/survey_reports.cfm.
On the bright side, homeowners who choose to remodel their homes may find this is a good time; with new home construction at low levels, more materials and labor are available for remodeling than several years ago, resulting in shorter project schedules and often lower project costs.
Other findings from the spring 2009 RemodelorMove.com Remodeling Sentiment Report:
* Homeowners are
o Excited about remodeling – 52 percent
o Dreading remodeling – 12 percent
o Planning to hire a general contractor – 65 percent
* Homeowners’ plans include
o Kitchen remodel – 52 percent
o Bathroom addition – 55 percent
o Bathroom remodel – 45 percent
o Addition of one or more bedrooms or den – 35 percent
o Enlarge or add a garage – 19 percent
o Finish a basement – 13 percent
Do It Yourself interest among homeowners remains strong as they try to lower the cost of their remodeling project
o 67 percent plan to do some work themselves
o 54 percent plan to develop the design themselves
o 35 percent do not plan to hire a general contractor but will manage the project themselves.
In this report, cost is the concern reported most frequently by homeowners. Other common concerns voiced by homeowners include finding a trustworthy contractor and deciding what work should be done to their home.
Interviews with report authors, regional reports, and past reports are available by contacting reports@RemodelorMove.com or phoning 888-825-4169.
###
Copyright © 2009 by ABCD Publishing LLC and Send2Press® Newswire, a service of Neotrope® – all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.
• Web Image (72dpi): https://www.send2press.com/mediaboom/09-0121-Remodel_72dpi.jpg
• Story Title: 24-Percent Drop in Residential Remodels Forecast for Spring 2009
• REFERENCE KEYWORDS/TERMS: ABCD Publishing LLC, , , Remodeling Sentiment Report, Reports and Studies, , , .
IMPORTANT NOTICE: some content which is considered “old” or “archival” may reference an event which has already occurred; some content possibly considered “advertorial” may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (ABCD Publishing LLC); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Wed, 21 Jan 2009 10:59:22 GMT].
USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.