Homeowners more likely to remodel in 2010

In the recent U.S. Remodeling Sentiment Report (a survey done by www.remodelormove.com) homeowners were found to express increased interest in wanting to remodel within the next 12 months.  The report  surveyed around 5,000 homeowners in the U.S. and found that there was an overall 13% increase of people who said they will remodel in the next year.  Compared to only a 5% increase in 2009.

Summary results from the report (2008 – 2010):

Homeowners who report they:                                    2008              2010
Plan to hire a general contractor                                 66%                 64%
Plan to do some of the remodeling work                  67%                 66%
Are excited about remodeling                                      48%                 54%
Plan to remodel a bathroom                                          49%                 42%
Plan to remodel the kitchen                                           55%                 48%
Plan to add a bathroom                                                    49%                 53%

Read the full article here.