Is this the era of home renovation? In the United States, including West Chester, PA, remodeling contractors are seeing a growing demand for design and construction services.
According to a report on industry trends by Global Market Insights, the size of the US home remodeling market exceeded 340 billion in 2020. Moreover, it is expected to grow at over 4.1% CAGR through 2017.
Last year, although profits fell, home flipping broke another yearly record, hitting a 15-year high. Why do people love home renovations? What makes home transformation shows so popular? Is home remodeling just a business in Chester County and across Pennsylvania?
A Cost-Effective Alternative to an Expensive New Construction
Not long ago, the US was hit by a Great Recession that brought many challenges to the real estate industry. As a result, many people could not afford to buy new houses and started to maintain properties on their own. This led to the discovery of exciting renovation projects.
There’s Something Romantic in a Beautiful, Remodeled Home
When moving in, you don’t expect to hire general contractors to do renovations. However, beautiful houses have something romantic that attracts people’s attention and increases the desire to improve the place.
Also, old houses and other past projects tell stories that nobody wants to forget. With a home remodel, your property would be an example of rebirth.
Many also think that painting the walls, doing bathroom remodels, or fixing the floor adds something wholesome to owning a property.
Even the electrical or plumbing work, which must be handled by a general contractor or specialized professional, can have sentimental value and bring emotional rewards. You’re investing and sacrificing so much for your home improvement, but there’s more than just an economic implication.
Has The Internet Given An Extra Boost To The Remodeling Industry?
From the best techniques to repaint a bedroom to how to install new kitchen and bathroom cabinets, you can find a myriad of blogs, tips, and videos to remodel your home online.
Besides bringing amazing resources, the internet is also a source of inspiration and creativity. Googling just two words can open a page with an ocean of pictures of completed projects that further drive the self-renovation craze.
The Inherent Drama of Overcoming Challenges and Experiencing Transformation
TV shows about remodeling projects have also exploited drama to their advantage. People love to overcome challenges and achieve goals. Therefore, showing a few unforeseen problems that may appear during home renovation make spectators relate to this process.
If you try to repair or renovate something in your house, you know that you’ll probably encounter challenges and problems, and you’ll want to solve and overcome them. Don’t you think this makes renovating a home more interesting and attractive?
You’ll Get a Reward, and It’s Not Just a Beautiful House
People also love rewards. In fact, that’s what has driven home flipping popularity in recent years. Fixing and rehabbing a property creates a sense of accomplishment but can also help you make a profit.
Final Thoughts: Should You Hire Remodeling Contractors in West Chester?
The reasons why people love home renovation are clear. However, there’s still an important question to answer: Should you remodel your home yourself or hire contractors in West Chester, PA?
Home renovation projects are rewarding. However, a family-owned business specializing in design, construction, and general contracting can help make the process easier.
If you find a company offering quality service with satisfied customers proving that a past project proceeded as expected, asking for help from professionals is not a bad idea.
Using professional services to remodel your property can also be the best course of action when there are tasks you cannot handle, such as plumbing or electrical work. However, it’s up to you! Both options will result in a beautiful home with much more financial and sentimental value.