Increasing home prices and the rising cost of mortgages have taken a toll on the home remodeling industry. But in spite of this, a new survey by marketing firm Axiom suggests that the market is on the rise. In fact, the average homeowner plans to spend more money on home improvements this year than in any previous year.
The Axiom report, which surveyed consumers about their home improvement plans for the coming year, found that many homeowners plan to undertake multiple projects. In addition, most plan to do some DIY work. However, while there are many home improvement companies, not all of them are legitimate. The best way to find a reliable contractor is to ask around and speak to others who have used the service.
The Axiom survey also asked consumers about their most successful projects. The most popular home improvement project, according to the survey, was the creation of a backyard patio. This can be a great family activity, and a good way to increase the value of your property. But, it may be a little tricky to come up with a design that’s appropriate for your property, so make sure to check with your local building codes office first.
The Axiom report says that the do-it-yourself home improvement market has been growing at an annual rate of 238% over the last five years. This is a huge increase, and the most popular categories include work outside the home. Most respondents plan to create a patio, a fence, or a deck.
Although the Axiom report found that homeowners are planning to do more DIY work than ever, the majority of homeowners are planning to hire a professional for a part or all of their next project. This is an important indicator of the popularity of the home improvement industry, and a sign that more and more people are taking advantage of the market.
The Axiom report also said that the home improvement industry is now estimated to be worth more than $45 billion annually. This figure includes everything from minor repairs to major rehabilitations and renovations. While the market is still highly fragmented, the entry of private labels and new players has improved competition.
The most important thing to remember when looking for a home improvement company is that they need to be licensed. Depending on the jurisdiction, a license can be obtained by an individual or a corporation. Typically, a corporation needs to have an officer’s license to perform home improvement work.
In addition, home improvement contractors need to prove their reliability and their knowledge of the home improvement business. They need to show that they have the right permits and insurance. They also need to provide a list of all materials and expenses involved in the project. This list will give them a good idea of what their customers should expect to pay for the work. They should be able to provide a reasonable price for the work, and they should show that they are willing to go the extra mile to make their customers happy.