Houzz reports that showers are key: Four in five homeowners upgrade the shower during a master bathroom renovation (83%) and over half increase the shower size (54%). For many renovators, this alleviates the pre-project pet peeve of a small shower (38%), which is second only to having an outdated space (59%). Fewer than a quarter of renovating homeowners choose to increase the bathroom size (22%).
Substantial Investment: Median spend on master bathroom remodels increased to $8,000 in 2018 nationally. A major master bathroom remodel, defined as one with upgrades to the shower area, is 5 times more expensive than a minor remodel.
A Moment for Accents and Mirrors: More than a third of renovating homeowners add an accent wall (35%) that is distinct from other walls with patterns, materials or colors. New mirrors typically come in twos, with three in four homeowners installing new mirrors during upgrades (77%). Most of the upgraded medicine cabinets also have mirrors on the outside (67%).
Styles Go Transitional, Modern: Among those who opt to change their master bathroom’s style (89%), transitional and modern styles are gaining popularity, increasing to 21% and 20% in 2019, respectively (up 5 percentage points each versus 2018). In contrast, contemporary and traditional styles are falling out of favor, to 16% and 9%, respectively (down 4 and 5 points, respectively).
Features on the Rise: The popularity of freestanding flat-bottom tubs grew from 41% in 2017 to 50% in 2019 among homeowners replacing or adding new tubs.
Toilets with high-tech features grew from 28% in 2018 to 34% in 2019.
Vinyl/resilient and engineered wood flooring materials collectively grew from 6% in 2017 to 10% in 2019.
Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views per listing on realtor.com.Read More
I recently closed four deals involving 2 sets of clients—each couple sold their existing home and bought a new one on the same day. You would think that is the norm in my business here on the Main Line, but there are often reasons why this does not happen.Read More
Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year.Read More