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Homeowners More Likely to Take on D.I.Y. Remodels, Says REALTOR® Survey

By Christine Edwards posted 02-22-2019 09:47

  

Homeowners More Likely to Take on D.I.Y. Remodels, Says REALTOR® Survey


Christine Edwards
Communications Director
Space Coast Association of REALTORS®
2950 Pineda Plaza Way
Palm Shores, FL 32940
321-242-2211

Palm Shores, Florida February 19, 2019 – Homeowners looking to add personality and individuality to their home are more likely to undertake a "do it yourself" (DIY) remodel than hire a professional, according to the National Association of Realtors® 2019 Remodeling Impact Report: DIY. The report also shows that cash-strapped millennials are the most likely of any generation to take on a DIY project.

The report examines the differences between remodeling when hiring a professional compared to homeowners who pursue “do it yourself” projects. The report also differentiates between projects that were undertaken to benefit the homes of consumers and those that benefit consumers’ pets.

According to the report, homeowners reported a “Joy Score” of 9.9 for projects done themselves (Joy Scores range from 1 and 10, and higher figures indicate greater joy from the project). That is compared to a score of 9.6 for projects completed by professionals. DIYers also expressed a greater sense of accomplishment with a finished project, with 97 percent of respondents indicating a major or minor sense of accomplishment, compared to 93 percent of those who hired a professional.

“One of the pleasures of homeownership is the ability to take on projects to customize a house that truly make it your own," said Dennis Basile, Space Coast Association of REALTORS® president. "With plenty of owners taking on renovation projects, the National Association of Realtors® 2019 Remodeling Impact Report: DIY is great to search for projects others have undertaken successfully.”

Nearly three-fourths of Generation Y and Millennial consumers (73 percent,) over half of Generation X (51 percent) and 50 percent of Younger Boomers choose to DIY home projects. Seventy percent of the Silent Generation indicated that they hired a professional to complete their project – the highest of any generation.

When it comes to projects undertaken for the benefit of the consumer’s pet, marginally more respondents indicated complete satisfaction when they hired a professional, 65 percent compared to 61 percent. However, consumers are more likely to DIY a project for a pet (56 percent) than a general home project (47 percent).

Anyone taking on remodeling projects to get the most bang for their buck on resale should speak to a Realtor®, as they have unique and instrumental insights into which projects and upgrades bring the most value to homes in your area,” Basile said.

Contact the Space Coast Association of REALTORS® or visit www.SpaceCoastMLS.com to speak with a REALTOR® for information and advice about buying a home in 2019.

About the Space Coast Association of REALTORS®


Since 1959, the Space Coast Association of REALTORS® has been a professional trade association that provides services to our local REALTOR® community. Our membership base is comprised of more than 4,500 REALTORS® and Business Partner members that service Brevard County and adhere to a strict Code of Ethics when working with one another and the general public. The Space Coast Association of REALTORS® takes an active part in community programs and pursues projects our members support to further real estate interests. The protection of private property rights is always our top priority.

For more information, contact Christine Edwards at 321-242-2211 or via email at christine.edwards@space321.com.

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