According to a 2009 HUD Survey, the median age of a home in the United States sits at 36 years, so it’s no surprise that home renovation is a huge market. Ever since the incredibly popular show Trading Spaces hit TV viewers back in 2000, networks have been capitalizing on the remodeling craze to create dozens of shows aimed at younger audiences.
No matter how many remodeling shows crop up, the renovations are usually portrayed the same: quick, easy and cheap. Seasoned renovators may take these shows with a grain of salt, but first time homebuyers might be persuaded to bite off more they can chew in the form of buying a home that needs a lot of work when they aren’t ready for it. See More
A recent survey of homeowners conducted by the National Association of Home Builders revealed some interesting statistics about what people are remodeling and why over the past year. It seems the mindset of a homeowner in 2012 may be different than those just a few years ago when it comes to remodeling.
Ask any real estate agent and they will tell you that homes aren’t typically sold because of their square footage or a pool in the back yard. They are sold because of their kitchens and bathrooms.
Unfortunately for those looking to buy a home that needs some work, full kitchen and bathroom remodels can easily cost upwards of $10,000.
If you’re thinking of passing on a home solely because of a dated bathroom, check out these cheap and simple bathroom remodeling ideas that give a contemporary edge without the contemporary price: