Over Half of Homeowners Plan Remodel Projects This Year

According to a recent poll conducted by Consumer Reports , over the next 12 months, 54 percent of homeowners are planning a remodeling project.

Although 65% report planning to to do at least some of the work themselves, there is still good news for the remodeling industry as a whole, especially during tough economic times.

The economic downturn, however, is at the very core of this trend as it forced 67% of the interviewed to reconsider their housing plans with 39% of them choosing to fix and improve the property they already own.

To cut down costs, 42% will do the work themselves while 36% will remodel in phases. Also, 46% of the interviewed reported the need to cut down expenses because they don’t have enough money.

The most popular remodeling projects include painting (56%), designing (39%) and flooring (34%).

Consumer Reports Remodeling Poll Methodology
The Consumer Reports National Research Center conducted a telephone poll of a nationally representative probability sample of telephone households. 1,002 interviews were completed among adults aged 18+. Interviewing took place over April 16 – April 19, 2009. The margin of error is +/- 3.2% points at a 95% confidence level.

Source: Info-Zine