Another NAHB survey measured consumers’ motivation for taking on remodeling projects, and one question in its first-quarter 2018 Remodeling Market Index asked remodelers how often customers cite a specific reason for remodeling. It also asked respondents to rate those reasons on a scale from 1 to 5, with 1 indicating never or almost never and 5 indicating very often.
A desire for better and newer amenities (4.3) topped the list, followed by new to repair or replace old components (4.1). The desire to age in place received a 3.4 rating.
That desire for aging-in-place renovations has been climbing since 2012 and jumped dramatically—by 10 points—between 2017 and 2018.