2022-05-31-美国房地产经纪人协会-2022年家装改造报告_58页_5mb

2022 Remodeling Impact Report Summary

Introduction

• Objective: To analyze the reasons, outcomes, and costs of home remodeling and provide insights into its benefits and economic impact.
• Key Findings:
  • Homeowners remodel primarily to upgrade surfaces/finishes (30%), add/improve functionality (20%), and for personal changes (16%).
  • 83% of consumers would remodel regardless of the pandemic; 86% say one remodel motivates further projects.
  • Americans spent $420 billion on remodeling in 2020.

Key Insights

I. Cost & Value Recovery

• Interior Projects:

  • Highest Cost Recovery: Hardwood floor refinishing (147%), New wood flooring (118%), Insulation upgrade (100%).
  • Popular projects: Attic conversion, Basement conversion, Kitchen & Bathroom renovations.

• Exterior Projects:

  • Highest Cost Recovery: Roofing (100%), New Garage Door (100%), Fiber cement siding (86%).
  • Top projects: Siding, Windows, Doors.

II. Joy Score

• Measures homeowner satisfaction post-renovation.
• Top Projects: Hardwood refinish, New wood flooring, Insulation upgrade, Interior painting, Attic conversion.

III. Consumers' Motivations

• Common Reasons: Upgrade outdated materials, Add functionality, Personal dissatisfaction, Prepare for sale.
• Post-Renovation Effects: Increased home enjoyment, Sense of accomplishment, Greater likelihood to stay/have children.

IV. DIY vs. Professional

• DIY Participation: 13% of consumers contribute DIY labor.
• Professional Demand: REALTORS® report increased demand during COVID for certain projects.

V. Pandemic Influence

• Most remodels are undertaken regardless of COVID, particularly in functionality-focused projects.
• REALTORs note an uptick in demand for specific upgrades (e.g., insulation, roofing).

Methodology & Notes

• Methodology:
  • Joy Score: Calculated based on homeowner satisfaction, scaled 1–10 to quantify happiness.
  • Cost Recovery: Percentage of project cost recovered at resale.
  • Data Sources: NARI median cost surveys, NAR member surveys from Feb. 2022.
• Hypotheticals:
  • Houses assume 2,495 sq. ft., post-1981 condition, no hidden defects.
  • Projects use standard/typical quality materials.
• Other:
  • No "top-tier" projects due to exclusion of high-end costs.
  • Emphasis on both functional and aesthetic outcomes for higher Joy Scores.

This 2022 Report underscores that remodeling delivers high emotional and economic returns, with certain projects offering significant ROI and enhancing quality of life.