Denver Homeowners Say ‘I’ll Do It Myself’ When Remodeling

RISMEDIA, March 14, 2008-Denver area homeowners break away from the pack when it comes to remodeling, according to the Remodeling Sentiment Report, a semi-annual survey of 5,000 U.S. homeowners sponsored by www.frontrangeremodeling.com. The most recent survey reveals that remodeling plans are of a similar scope and cost as in previous years, but now homeowners are taking additional steps to reduce costs.

According to the survey, homeowners in the Denver area are much more likely than the average homeowner in the US to do more of the work themselves, as well as to use more expensive materials during the remodel.

In detail the survey found:

- Denver homeowners are not economizing as much as the rest of the US.
- Homeowners who plan to use economy materials for their remodel:
- Up from 8% in 2006 to 16% in 2007 on average, but in Denver, only 4% plan to use economy materials.

Homeowners who plan to use luxury materials for their remodel:
- Down from 16 % in 2006 to 9% in 2007 on average, but in Denver, 26% plan to use expensive materials.

“Do It Yourself” (DIY)

Homeowners who plan on doing more than half of the work themselves:
- UP from 20% in 2006, and steady at 21% in 2007, but in Denver 30% plan on doing half or more of the labor themselves.

Homeowners in the Denver area are still eager to remodel as in previous years. Additionally, because home prices haven’t declined as they have in some other areas in the country, Denver area homeowners are still interested in top-of-the-line materials.

The Denver area homeowners who responded to this survey live in homes with an average value of $320,000, and remodeling plans are estimated to cost an average of $88,000.

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