2015 Trends: Does Your Home Repair Make the List?

Using a tape measure

Planning on remodeling your home this year, but don’t know where to start? Check out these predictions of coming trends in home remodeling. According to an Angie’s List survey of over 1,000 service providers, homeowners are going to make 2015 the year of the big home improvement project.

Many homeowners are requesting traditional updates, such as those to bedrooms, kitchens, and bathrooms. Within these rooms, enlarging closets and adding more pantry space is a huge priority. Also within the kitchen, stainless steel appliances remain as popular as ever.
“Many homeowners have a love-hate relationship with stainless steel appliances. They love the look, but tackling those fingerprints can just be a nightmare for some parents, but in 2015, we’re still seeing stainless steel top the list,” Angie Hicks, owner of Angie’s List, told ABC News. Fortunately, all stainless steel is not created equal, and contractors have found a direct correlation between quality of the steel and quantity of fingerprints and smudges.

Another room expected to receive a lot of attention this year is the bathroom.

“If you’re updating your home, remodeling your bathroom is one of your best returns on investment,” said Hicks. “You’re going to get probably 80 percent of your money back.” With tile replacing fiberglass as trendy tub and shower surroundings, bathroom remodeling projects are getting more ambitious — and more expensive. One contractor told Hicks that for years, the average cost of a bathroom remodel was $15,000, but now he is seeing projects average $20,000. Some homeowners are even paying as much as $50,000 for luxury master bathrooms.

“The best repairs to make to help raise property value will be both in the interior and on the exterior of your home,” says a representative for Rossi Construction. “The exterior of the home can easily be spruced up with a fresh coat of new paint. The interior areas that should be addressed are the kitchen and bathrooms. “

How much are people spending on repairs? As part of the survey, contractors were asked how much they expected to see people spending on home renovations, and as many as 25% of customers are expected to spend $10,000 more on home improvements than they did in 2014. Of course, many factors go into the decision to invest in a home renovation.

Homeowners who plan to move away after only a few years are more likely to stick to smaller remodeling projects than those who intend to stay in their current house. If increasing sale value of a home is a major goal for the renovation, the homeowner may want to compare their finished project to other homes in the area. If the remodeling project makes their home exponentially more expensive than other local homes, it could reduce its chances of being sold.

The last thing to consider when deciding on a remodeling project is if it fits the homeowner’s budget. Not only do they need to consider financing the project itself, but if they are adding a significant amount of square footage to the house, utility and maintenance costs and property taxes may all also rise.

So far, nothing too unusual is on the horizon for 2015. With contractors optimistic about their clients’ goals and homeowners ready to improve their living spaces, home improvement trends may end up being economical improvements, too.

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