Whether you are planning to remodel a single room or your entire home, it is important to consider the benefits and costs before you begin. Renovating a house can provide a fresh look and increase its resale value.

The remodeling market in the United States was estimated to reach $432 billion this year. It includes remodeling design firms, contractors, wholesalers and retailers of home improvement materials, and homeowners. These estimates are based on data from the Harvard Joint Center for Housing Studies. The market is extremely fragmented, with no single company holding more than 5% of the market.

The largest segment of the remodeling market is long-term homeowners who have been in their homes for more than six years. These homeowners completed more than half of the total projects. These homeowners spent the least on each project. The remaining projects were completed by recent homebuyers, who contributed the highest spending per project.

Although more complicated remodels can produce significant improvements to livability and functionality, they can also incur a lower recouped cost. Some of the more expensive projects include upscale kitchen and bathroom renovations. These projects did not result in an increased amount of resale value.

The market is highly competitive and prices can vary widely by city. A homeowner should plan ahead and research material and contractor costs in order to avoid paying higher prices. The most expensive aspects of a remodel are labor and materials. In addition to hiring a professional, it is important to check references and referrals.

The resale value of a home can be improved by updating its appliances, lighting, plumbing and electrical systems, or by installing a new kitchen or bathroom. A renovated kitchen can make your home more energy efficient, while a renovated bathroom can add new features that are functional and attractive. The kitchen and bathroom are two of the most-used rooms in a home, so they are a great place to increase resale value.

The latest trends in the home improvement market suggest that the remodeling market will continue to grow until at least 2022. However, growth will slow down after that. Despite this, remodeling is a popular and rewarding home improvement project. Remodeled homes are increasingly appealing to potential buyers. They have been updated to meet the expectations of the current market.

The remodeling market is highly competitive. The number of projects and homeowners is high, and competition is fierce. It is not uncommon for projects to go over budget. It is essential to develop a sound plan and to consult three contractors before embarking on a remodeling project.

When planning a home remodeling project, the homeowner should think about traffic patterns and how the space will be used. For example, if a family member is elderly and has trouble using a wheelchair, it may be necessary to install pullout shelves, wider doorways, and low counters. In some cities, there are restrictions on remodeling historic houses. When you are considering a remodel, it is important to choose a  Sacramento home remodeling professional that will be able to complete the work on time and within your budget.

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