Hamilton Herald Masthead


Front Page - Friday, March 17, 2023

Homes are growing older. Is it time for a remodel?

Professional homebuilders construct homes to last. However, over the decades, homeowner needs and preferences evolve.

If you’re a homeowner who’s recently purchased an older home or spent decades making memories in your current home, you’re not alone, as the median age of owner-occupied homes is 40 years, a National Association of Home Builders analysis of America Community Survey estimates reports.

A closer look at the nation’s housing stock data reveals many properties might be due for an upgrade. A little less than half of the owner-occupied homes in the nation were built before 1980, with around 35% built before 1970, according to the NAHB.

In contrast, new construction added nearly 8.3 million units to the national housing stock from 2010 to 2021, accounting for only 10% of owner-occupied housing stock in 2021.

Chattanoogan homes skew even older than the national average with the median age of homes being 1974 and over 58% being built before 1980, according to the latest census data.

Taking steps to modernize your home isn’t only about interior design changes like removing shag carpeting. Any improvement project, big or small, can make your home more enjoyable and increase your comfort level. Updating your property also has the potential to add value to your home.

Remodeling Magazine’s Cost versus Value 2022 report finds upgrades such as a siding replacement, a small kitchen remodel and windows or entry door replacement provide a great return on investment and add to a home’s resale price.

It might be challenging to know where to start if your home needs significant upgrades. A professional remodeler can provide a wealth of experience and solve any design challenges you encounter during your project.

Home remodeling frequently involves problem-solving, such as maximizing existing space, strategically building additions or navigating limited budgets. Professional remodelers help homeowners manage such challenges and meet their needs while staying within the budget.

To find a professional remodeler in our community, visit the member directory at HBAGC.net.