There is nothing more exciting than embarking on a new home improvement project to spruce up your garage, kitchen, or living room. In this explainer, our home remodeling experts at the Icon Building Group will give you some useful statistics and interesting facts to keep in mind when you start home remodeling.

We are the most trusted home remodeling professionals in Wilmette, and we can help with all types of home improvement projects, from air conditioning upgrades to kitchen renovations. Call us today for more information.

A Wise Choice to Invest in Smart Home Technology

As more millennials and members of Gen Z start purchasing homes, more startup tech companies scramble to get their slice of the Smart home technology pie. Software-defined home technologies like motion-sensing light fixtures, Wi-Fi-capable TVs and picture frames, and voice-activated speaker systems are seeing a remarkable rise in popularity.

In 2021, the nationwide sales of TVs, projectors, and audio components with streaming capabilities increased 14% over 2020. This trend indicates that younger people are trying to conserve power and material waste by trusting their digital assistants to deliver personalized content instead of adjusting things themselves.

With these home remodeling facts in mind, asking your contractor to remove potential signal disruptors, create wall mounts for frameless Wi-Fi-capable TVs, and install smart thermostats is a wise way to invest in your home’s future.

Making Upgrades to an Existing Home is the Most Popular Way to Increase its Value

A recent study reveals that home improvement projects contributed $337 billion to the national GDP in the second half of 2021. That’s a $5 billion increase from the third quarter of 2020.

With the recent real estate boom, many analysts are perplexed why homeowners are making significant upgrades to their existing homes instead of flipping them outright. A 2020 report from HomeLight reveals that many homeowners are reconfiguring their current homes before putting them on the market.

Homebuyers love upgrades that make a residence feel more spacious, so many sellers are redoing their floor plans and installing more windows to let in more natural light.

Your Home May Be Due for a Renovation Sooner than You Think

According to a 2019 report from Harvard University, over 80% of residential structures in the United States are over 20 years old – more than 137 million homes. In 2021, around 40% of these houses will reach 50 years old.

Our professional remodelers at the Icon Building Group work with many clients who are surprised that their houses from the 60s have numerous wiring and piping problems. We help them by providing cost-efficient renovations that can last for a long time.

Call the Experts for More Information

Learn about remodeling mistakes to avoid and the first steps to take when planning a new project by contacting the top-rated residential contractors in Wilmette, IL.

Call the Icon Building Group today at (847) 232-6400 and receive a free consultation to learn more home remodeling facts and figures that you can use on your next project!