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Homeowner Interest In Extensions, Additions Grows By 52%

Market Data + Trends

Homeowner Interest In Extensions, Additions Grows By 52%


August 14, 2020
Couple reviews catalogs to prepare for home renovation
Photo: LStockStudio

Without knowing when working and schooling from home will come to an end, many homeowners are pushing forward on major home renovations. As the pandemic moves into its six month, those able to afford renovations are realizing they must adapt to the new normal, and that means adding more space, reports the New York Times. In June, professionals listed on Houzz reported a 58% increase in requests compared to the same time last year. Interest in home extensions and additions grew by 52%. One online interior design service VP believes homeowners are now reflecting on this new normal and either fear, or expect, nothing to change for the foreseeable future. 

Elizabeth Stuart, an interior designer in Charleston, S.C., says her business from residential clients is up 50 percent as homeowners and new buyers rush to redesign their spaces for a new era. Clients are looking for ways to accommodate multiple workstations in a home, expand high speed internet, and improve ventilation and soundproofing. Features like mudrooms have taken on a renewed importance as homeowners look for dedicated spaces to safely remove outerwear and store packages.

“It’s crazy to be thinking like this but that’s the reality of it,” Ms. Stuart said. “Necessity is the mother of invention. You’re figuring out right now what you need and what you wish you had.”

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