I read an article that says thinking luxury is out and practical is in. They say it's a new remodeling trend as people have become more dollar conscious as the economy makes it's recovery still.
It does make sense to me but i have to say that yes people are looking for deals and with that they know they won't get everything they wanted but you better believe they still want some luxuries. Everyone does no matter the economy.
Quote:
We're at the end of an era in home renovations. The big-bucks projects that transformed our spaces during the housing boom are giving way to more practical, dollar-conscious ones, according to analyst Abbe Will, who studied trends in remodeling for Harvard University's Joint Center for Housing Studies.
Home renovations soared with the real estate market, then crashed, Will said. Now, she said, although the phones are starting to ring again at remodeling companies, consumers are less likely to ask for the deluxe makeovers that were commonplace just a few years ago.
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For sure less people are asking for the hot tubs and steam rooms and all of that stuff but we still want granite and hardwoods and things of those nature.