January 2020 New Year's Blog
January 2020 Homeowner's Remodeling Survey Shows:
47% are very concerned about price
75% created a budget
49% paused a project because it was too expensive
42% find a contractor through friends and family
33% use Google and Facebook or Instagram to find a contractor
65% get 2-3 estimates
23% won't hire do to lack of communication
38% stressed about up coming project
58% research their project on line ahead of time using Facebook, Google, Pinterest, etc.
According to this survey, price is a major factor when considering a remodeling project. In the cost vs. value report put out by Remodeling Magazine each year, and found here Cost vs. Value Report You can research approximately how much your project will cost by your geographical location versus the return you can expect from your monetary investment.
This information can be invaluable when creating that budget. It can also alleviate the concerns about price expressed by about ½ of the survey participants. Another advantage of this information, will be the ability to avoid a serious pitfall like pausing a project because it was too expensive as ½ of survey participants noted. You need the information provided in this survey because home value is vital when it comes time to sell your home.
As for alleviating the stress of the upcoming project, find a contractor whom friends and family recommend, or if looking to the internet for guidance, find the contractor with the best over all internet rating and reviews.
Loebrich Contracting has a 5* internet rating on various sites throughout the internet. We can help you with every item on this survey and make your remodeling experience the best part of 2020. Happy New Year!