Having your home improved can be a great way to add value to your property. In fact, a recent survey from Axiom reveals that the number of consumers planning home improvement projects will increase in 2021.
Those who are planning to make home improvements in the next year are primarily millennials. This generation is buying homes and performing renovation projects more than any other age group.
According to the survey, 57 percent of consumers are planning to do at least one home improvement project themselves in 2021. And, nearly 40 percent of homeowners are planning to start a home improvement project in March of 2021.
The Axiom survey also asked consumers about their past projects and what they are planning for their future. Among other things, 44 percent of respondents said that they were planning more complex home improvement projects in 2021.
Home improvement businesses are offering clients more affordable options for traditional services. In addition, the industry is shifting to an omni-retail strategy, where major vendors compete on pricing and differentiation.
The survey also found that a majority of homeowners plan to hire out some home improvement work. These home improvement contractors need to demonstrate reliability and responsiveness in order to make customers feel comfortable with the process.
Before hiring a contractor, check to see if they have a license. If possible, ask to speak with a previous customer or a neighbor.
Ideally, you want to find a contractor with a history of good performance. In addition, you’ll want to check that they have the appropriate insurance and references.