SOURCE: Floors To Your Home

Floors To Your Home

September 19, 2011 11:20 ET

Floors To Your Home Reports Spike in Home Remodeling as a Trend With Staying Power Going Into 2012

As Consumers Become More Concerned About the Economy and the Environment, It Is Not Surprising Remodeling Emerged as One of the Top Trends in 2011 and Will Likely Continue Throughout 2012, According to Industry Leaders

INDIANAPOLIS, IN--(Marketwire - Sep 19, 2011) - The remodeling of older homes is shaping up to be the next big trend in green building. Dr. David Crowe, Chief Economist of the National Association of Home Builders, predicts U.S. home remodeling expenditures will increase by at least 20 percent by the end of 2011.

Crowe says, "Due to the housing market, homeowners will choose to stay in their homes and invest in updates rather than upgrade by moving."

That trend apparently is fueling another development in the remodeling industry -- the increasing number of products being targeted to the do-it-yourselfer, says Dan Kahn of Floors To Your Home. "With products, such as flooring, becoming more technologically advanced and accessible to the homeowner, remodeling is easier and more cost effective," he says.

For example, one of the products that has been a top seller at Floors to Your Home is Click Together hardwood flooring. The high-quality flooring is durable, but does not require glue or nails like some other products and is designed for simple installation, Kahn points out. A homeowner with moderate DIY skills could install it as a weekend project.

"Due to the economy, homeowners are choosing to add on to their existing homes and manufacturers are helping them with these products that are much easier to install than they were in the past," Kahn says. "Manufacturers are creating products specifically with the do-it-yourselfer in mind."

He also said that remodeling is popular because "small updates to the home can dramatically change the look and feel of a home, while boosting its value. For example, laminate flooring can make a home look more modern -- at a much cheaper rate than a major renovation."

Real estate statistics also show that homes with hardwood flooring -- real or look alike -- often get a higher price than those with carpet. In an effort to make the house more "sellable," homeowners are opting to make those smaller renovations before selling.

Studies show that in the next five years, the focus of remodeling spending will shift from upper-end discretionary projects to replacements and systems upgrades. Dan Kahn with Floors To Your Home says, "Homeowners should look to do-it-yourself projects, such as laying a floating floor that can go above their existing floor. This way they can still refinish their home, but do it in such a way that it will be cost effective."

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