According to the LBM Journal, 2023 data shows that in the U.S. there has been a stark rise in home renovation but the preference has been for renovating the exterior of the house. As per the Los Angeles remodeling contractors also, the top renovations on the exterior are windows, skylights, painting, exterior doors roofing and even restoring gutters.
But that’s not all, because the economy is tough, people are investing in house renovations instead of buying new properties. According to most Los Angeles home remodeling companies, like Evolve Contractors, the money spent on renovation has increased by 60% from 2020 to 2023. So, what is the new house renovation trend that is going to be in 2024 and the next few years?
The Big Spenders
Whether it is hiring Los Angeles home remodeling contractors for full house renovation or half in the city, the big spenders are the Gen Xers. Compared to Baby Boomers, Gen Xers spend at least a median of $1,000 more for home renovation projects.
Bath & Kitchen Are Being Prioritized
When clients are considering remodeling their houses and reside in the City of Angles, they are hiring Los Angeles home addition contractors for kitchen, bathroom, and guest bedroom remodeling. Despite guest bedrooms and bathrooms being expensive portions for renovation, clients are undertaking it. Furthermore, kitchen and bathroom remodeling has seen a jump of 20% and 11%, respectively between 2022 and 2023.
More Time In Planning
The new trend has been catching up in not only Los Angeles interior remodeling but also across the U.S. clients are taking more time planning the renovation with the Los Angeles home remodeling contractors and other state contractors. On average the planning time is estimated to be twice the renovation time. Data also showed that kitchen planning consumes more time than living rooms on average.
Light & Paint Are Most Popular In Renovation
Los Angeles home remodeling contractors have found that consumers are slowing down on purchasing a wide range of items for home renovation. One of the quickest ways, homeowners remodeling their house is by painting and lighting fixtures. According to industry experts, these two are quite affordable to make the house look new and alluring in the time of the volatile economic market. All the other home renovation products seem to face a sluggish future.
Temperature Control Is The Norm
In home remodeling the new trend that has caught up big time across the country is spending on the central heating and cooling system, commonly known as HVAC system. Consumers are no longer interested in separate heating and cooling equipment. Homeowners have been seen to spend 10% more on their heating and cooling systems.
Better Lighting
With people becoming conscious about the environment, and reducing carbon footprint and gas emissions, house remodeling has seen a new trend of prioritizing better lighting. It is not only through eco-friendly lighting fixtures but also by upgrading skylights and windows.
Finding The Most Efficient Los Angeles Home Remodeling Contractors
The City of Flowers and Sunshine is proud to have homeowners who are ahead of their time with their houses and renovations. They not only follow the latest sustainable trends but look for ways to apply them in their life. So, when it comes to finding Los Angeles home remodeling contractors who can ensure the latest home renovation trends are followed with perfection while being cost-efficient, it is Evolve Contractors. Contact us to get an obligation-free discussion for your home renovation.