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July 2017

Desire for new amenities continues to top reason to remodel

NAHB logoHomeowners remodel for various reasons, but a desire for new amenities tops the list according to a survey by the National Association of Home Builders.

Respondents in this year's NAHB Remodeling Market Index (RMI) survey for 1st quarter 2017 echoed those of the previous year, with 11 reasons falling in the same order both years.  One new reason to remodel appeared on this year's questionnaire - "to accommodate multi-generational living;" it ranked 10th.

Survey participants were asked to use a five-point scale, with 1 indicating never or almost never, and 5 indicating very often.

The "need to repair/replace old components" was runner up among reasons for remodeling. Of the 12 reasons in the survey only the top two reasons earned a rating above 4.0.

Reasons Customers Remodel: Average Rating

Based on 5-point scale (1=never/almost never; 5=very often)

Chart of Reasons Customers Remodel
Source:  National Association of Home Builders