DECEMBER BLOG 2020
The Year of 2020 and How the Pandemic Boosted Home Remodeling
It’s hard to imagine that the pandemic of 2020 actually boosted an industry here in America. But that is exactly what can be seen looking back over the last nine months. While people were quarantined in their homes in the beginning of the CoVid 19 shutdown across the country, they began to see their homes in a different light. Many sought to reconfigure their homes for work space, outdoor space, homeschooling space, and play spaces.
This triggered a 58% annual increase in Outdoor spaces, and a 40% increase in Kitchen and Bath remodeling! 75% of homeowners said they did some type of home remodeling in 2020.
If you’re wondering where the financial increase came from with the country shut down, you will be surprised. Money for these projects is reported to have come from the first stimulus check as well as people changing their living habits. With restaurants closed, many ate at home and the annual vacation was put on hold. These small life changes added up to actual dollars in homeowners hands and they chose to spend it on their homes reportedly to “make them cozier”.
Seventy five percent of homeowners said they plan to do some type of home remodeling in the next 12 months. Well folks, if you are one of the 75% planning a home remodeling project, you know who to call. And if you want to make that outdoor area more user friendly, well we have the motorized retractable awnings that will get the job done!