Home Improvements by State
At the end of May, 2014 NAHB released the estimates of improvements made to owner-occupied housing in 2014. This information was created using the following data: Number of homes in the area The share built in the ’60s Share built in the ’70s Owners average income and Level of education Nationally, the average total spending on improvements in a zip code is projected to be about $5.1 million. Zip code, #20854 in Maryland near DC, was the only zip code predicted to spend over $60 million in home improvements.
The top five zip codes
The top 5 zip codes in the nation for home improvements share the following variables: There are at least 15,000 owner-occupied homes Homeowners average at least $145,000 in average annual income 60%+ of homeowners are college educated Here are the figures for state New Hampshire Number of homes owner-occupied: 372,053 Total Improvements: $723.4 ($ in Millions) Improvements per home: $1,944 When a remodel is done right it can bring an excellent return on your investment and provide you with a comfortable home to enjoy for years to come. If you are thinking about home improvements as an investment or simply to improve your home, please contact me to learn more. Source: http://eyeonhousing.org/2014/05/26/remodeling-by-zip-code-nahb-releases-2014-projections/