Aug
08
2013

Kitchen, Bathroom Remodeling top priorities after purchasing existing homes

Posted 4 years 103 days ago by Jim Grace

More than half of homeowners who purchase an existing home undertake a remodeling project within 3 months of the purchase, so says the 2013 Profile of Buyers’ Home Feature Preferences study conducting by the National Association of Realtors.

Kitchen remodeling (47%) was the most common home improvement project, just edging out bathroom remodeling (44%). Both of these projects typically offer higher returns on investments in addition to making a space more enjoyable and efficient for homeowners. Other popular improvements cited include lighting upgrades (41%) and adding or replacing appliances (37%).