home renovations
Coverage of home renovations in the Nexus archive.
- Homeowners are fixing up instead of moving out, report finds
Over 25% of homeowners are using funds intended for new homes to renovate their current properties due to affordability challenges, high interest rates, and community attachment. Experts recommend prioritizing functional upgrades like kitchens and bathrooms to enhance resale value, while cautioning against costly, niche features like home theaters.
- Homeowners are fixing up instead of moving out, report finds
A Bank of America report finds that over 25% of homeowners are using funds intended for moving to renovate their current homes due to affordability challenges and high interest rates. Homeowners are prioritizing upgrades like kitchens and bathrooms to add future resale value while avoiding relocations that disrupt communities and personal networks.
- A quartz countertop tariff could double your kitchen renovation cost — and kill 13 jobs for every one it creates
A proposed tariff on imported quartz surfaces could increase kitchen renovation costs by over 100% and result in 13 job losses for every one job gained in the construction and fabrication sectors. The US International Trade Commission ruled that imports harm domestic manufacturers, but the tariff's ripple effects would raise costs for homeowners and reduce demand across the supply chain.