{"id":512991,"date":"2021-07-14T09:37:07","date_gmt":"2021-07-14T13:37:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/to-renovate-or-buy-more-than-half-of-u-s-homeowners-are-planning-or-considering-home-improvements-as-an-alternative-to-moving-dewalt-survey-finds\/"},"modified":"2021-07-14T09:37:07","modified_gmt":"2021-07-14T13:37:07","slug":"to-renovate-or-buy-more-than-half-of-u-s-homeowners-are-planning-or-considering-home-improvements-as-an-alternative-to-moving-dewalt-survey-finds","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/to-renovate-or-buy-more-than-half-of-u-s-homeowners-are-planning-or-considering-home-improvements-as-an-alternative-to-moving-dewalt-survey-finds\/","title":{"rendered":"To Renovate Or Buy: More Than Half of U.S. Homeowners Are Planning or Considering Home Improvements as an Alternative to Moving, DEWALT\u00ae Survey Finds"},"content":{"rendered":"
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– Renovation Demand is Booming: More than seven in 10 U.S. homeowners are planning on or considering a major renovation project in the next six months<\/h2>\n

– Skilled Talent is in High Demand: Of those who have reached out to a contractor, nearly six in 10 must wait at least three months for work to begin<\/h2>\n

– Pro Tips: Professional builder and YouTube star Kyle Stumpenhorst has partnered with DEWALT to share top tips to help homeowners navigate the market<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW BRITAIN, Conn.<\/span>, July 14, 2021<\/span> \/PRNewswire\/ — A new survey from DEWALT, part of the world’s largest tools and storage company Stanley Black & Decker, found that home improvement demand is expected to stay hot across the U.S. through the rest of 2021, in part due to the tight housing market. In fact, more than half (52%) of U.S. homeowners are considering renovations as an alternative to buying a new home, and more than seven in 10 homeowners are already planning on or considering a home renovation project in the next six months.<\/p>\n

Experience the interactive Multichannel News Release here:
https:\/\/www.multivu.com\/players\/English\/8842051-dewalt-survey-finds-homeowners-considering-renovations-instead-of-buying-new-home\/<\/span><\/a><\/span><\/p>\n

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\n \"Infographic\"\n <\/div>\n

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“Many cities across the U.S. are experiencing a home renovation uptick, and as homeowners turn to professionals to complete more advanced projects, the rise in demand is revealing a critical need for more skilled talent,” said Maria Ford<\/span>, President of Commercial Construction at Stanley Black & Decker. “This commercial boom across the U.S. demonstrates how imperative it is to expand the skilled trade talent pool, particularly for electrical, plumbing, HVAC, welding, and other similar skills.”<\/p>\n

The DEWALT survey examined homeowners’ renovation plans, their experiences working with contractors, and their perceptions of the value that contractors bring to the work.<\/p>\n

Most homeowners (84%) are planning on or considering using a professional home contractor for their upcoming project, but of those who have been in contact with a contractor, more than half (56%) must wait at least three months for work to start.<\/p>\n

\n Most Common Home Renovation Projects
<\/b>The most common home renovation projects being considered include bathroom remodels (42%) and kitchen remodels (40%), followed by bedroom remodels (28%), porch\/patio\/deck makeovers (21%), and landscaping projects (20%). Contractors are needed most for electrical work (44%), flooring (41%), plumbing (40%), windows (40%) and structural work (39%) \u2013 all skills that are required for most of the top projects.<\/p>\n

When it comes to selecting a contractor, homeowners prioritize price (62%), followed by being licensed (52%) and professionalism (49%). Most homeowners (53%) rely on word of mouth to find their contractor, while 40% of homeowners use online search.<\/p>\n

\n Tips to Navigate the Intense Demand
<\/b>DEWALT has partnered with professional builder and YouTube star Kyle Stumpenhorst<\/span><\/a> to share his top tips for homeowners on how to find the right contractor and navigate challenges in today’s market. According to Kyle, homeowners should:<\/p>\n