Even now, several years after the housing market implosion was declared officially over, a larger-than-usual percentage of people are deciding to stay in their current homes instead of moving to something bigger and newer. They are inclined to make renovations to increase their satisfaction with the house, such as doing some Kitchen Remodeling in Omaha.
A Common Remodeling Project
A kitchen renovation is one of the most common remodeling projects. It’s one in which homeowners often spend a significant amount of money; typically a minimum of about $5,000. They may have bought the house with the idea that it would be a starter home, then realized they feel completely comfortable with the property and the neighborhood. Investing money making the place more to their liking feels like a smarter choice than taking on a bigger mortgage and having to cut the household budget in other areas.
Relevant Statistics
The National Association of Realtors reports that homeowners used to keep their houses six years on average from the mid-1980s to 2008. Of course, there are huge variations in the statistics producing that figure. But, an intriguing factor had developed since the housing market became so unstable. Now, homeowners are keeping their houses for an average of 15 years, an enormous change from just a decade ago. Kitchen Remodeling in Omaha makes these rooms more functional and pleasing.
U.S. residents are commonly thought of as mobile, moving from place to place frequently. However, the migration trend has been going steadily downward for the past 70 years. National migration rates were around 20 percent in 1947 and about 12 percent in 2017. Housing markets, obviously, are not solely responsible for this. Another factor often mentioned is people not wanting to leave jobs when they feel tied to health insurance benefits there. This is still a concern even after the Affordable Care Act became law in 2010.
Concluding Thoughts
Once people decide their starter home is a forever home, buying remodeling supplies from a company like Kitchens and Baths by Briggs may be the next step. They’re ready to tackle renovation projects and have the home features they’ve always wanted.
