Article by: Selma P.
It’s Halloween! Suddenly tomorrow we’ll be buying turkey, putting up the tree, making New Year’s plans…and then it hits you…it’s 2019!
This Thanksgiving is a great time to evaluate your kitchen and begin the planning phase for next year’s renovations.
Let’s dive into some remodeling trends for 2019 according to Forbes.
Nearly a quarter of the U.S. population made home improvements in the last year and only 7% of them worked with a professional. “DIYers spend more than 60 hours per week on TV and digital devices, including computers and smartphones,” Peter Katsingris, senior vice president of insights at Nielsen, told conference attendees. “The technology and the choices it provides make DIY a realistic option for people.” (A quick search of YouTube shows 252,000 results for home improvement DIY videos). ~Source: Jamie Gold
At Exclusive Remodeling, we are getting more homeowners coming in with their own DIY kitchen plans and countertop measurements that they’ve researched online.
More than a third of homeowners who completed a home improvement project in the past year regret not spending more on the project, according to The Regret Factor Study. “Regretters are more likely to have used a wide range of inspirational sources, especially television, magazines and social media,” observed declared Brenda Bryan of RICKI, the Research Institute for Cooking and Kitchen Intelligence. That’s worth considering when planning a remodeling project at the right investment level for your property. ~Source: Jamie Gold
FOMO, the fear of missing out. Yes, social media envy is out there even when it comes to your remodeling projects, so the “fear of missing out” will likely be apparent.
Not regretting the outcome means remodeling to what’s right for YOU and your investment level, not what’s right for society.
In 2019, do not regret not having done this or that because you were over-inspired.
Rental Housing Market on the Rise
A wave of growth since 2004 has increased the number and share of rental households in the U.S., especially higher-end rentals in urban areas. ~Source: Jamie Gold
Have you seen the traffic in Houston lately? Have you seen all the license plates from California and Florida in Houston lately? Have you seen the number of job applicants in Houston lately?
People are moving and they are moving from swanky places and looking for a place to call “home” for the time being. They will be observing their (home improvement) surroundings.
Remodeling Not Slowing Down
The steady increase in remodeling activity will continue through 2021, HIRI experts predict. (With home prices increasing, new construction harder to find in some areas of the country, and homeowners aging in place, people are staying put and remodeling.) “With the existing house stock averaging 38 years old, much of the inventory is in need of updating,” noted Mark Boud, senior vice president and chief economist at Hanley Wood/Metrostudy. ~Source: Jamie Gold
This should help in easing your decision between remodeling or building new when it comes to plans for the new year.
To most, remodeling seems a “headache”, but think of the bond you’ll have with your family, partner, significant others by conjuring up and creating a new living space together!
Lighting Industry Leading the Way
“Circadian rhythm lighting is a hot topic,” declared Jie Zhao, Ph.D., senior vice president of research and development at wellness real estate and technology firm Delos. (This new technology, also called human centric or tunable lighting, produces indoor illumination that more closely matches natural light in its warmth and, paired with home automation, shifts through the day with the sun to ease the impact of artificial light on the human body.) “It’s changing the landscape of the smart home and lighting in general,” added Zhao. ~Source: Jamie Gold
I find myself designing not just kitchen and bathrooms, but now more than ever “lighting placement” plans. Clients are getting serious about their lighting options.
It’s no longer just under-the-cabinet lighting and dimmers. The possibilities are endless!
We only have 24 hours in a day and after asking yourself how many of those hours are in your living space…you want the mood to be just right for relaxation, reading, studying/working, etc. and tomorrow’s lighting industry has got you covered.