Homeowners Stay In A Home Longer: Home Renovations For Lakefront Properties

NAHB Housing Economic Study released data showing homeowners are opting to live in their homes longer, and choosing to engage home renovations that enhance the role home plays in the life of family. Destiny Homes, a Minnetonka / Wayzata home builder comments on the findings and offers home renovation ideas for lakefront properties.

Minnetonka, Minnesota (PRWEB) February 19, 2013

Destiny Homes owner Butch Sprenger says: "Families preferring to stay in their homes longer are more likely to do a full house makeover or major home renovation. Their goal is to enjoy more time at home, putting a higher priority on quality time with family and making home a haven. For those opting for a lakefront home, it merits great character and architecture to the rear exterior of the home as much as the front."

The study, called "Latest Calculations Show Average Buyer Expected to Stay in a Home 13 Years", uses the latest data available from the 2011 American Housing Survey (AHS), funded by the Department of Housing and Urban Development (HUD) and conducted in odd-numbered years by the Census Bureau. The new data reflects the trauma in recent years of the housing market, and, if housing annalists were to draw a number based only on mobility rates calculated from the most recent datathe expected homeowner's length of stay would be more like16 years.

Additionally, The National Association of the Remodeling Industry (NARI) was upbeat in its latest quarterly survey and summary of 2012 home renovations. It said two-thirds of respondents had a positive view of U.S. [home renovations activity in the first quarter of 2013.

Destiny Homes Ideas For Lakefront Home Renovations:

1) Kitchen Renovations With Center Islands - Open-concept kitchens remodels remain popular with a center island to accommodate today's homeowners who turn gourmet chef come evening. Restaurant-inspired cooking areas are custom built in. There may be a prep area for vegetables near the main sink, a baking station near the Wolf oven, and a bar area with a second sink and mini-fridge in the island. A well organized kitchen and pantry are musts haves on everyone list.

2) Remodeled Living Rooms And Fireplaces - Home improvement projects often include an expansive living room large enough for entertaining groups, and favor centering around the warmth of a fireplace for enjoying more moments at home.

3) Sun Room Additions To Highlight Lakeside Views - Breathtaking "ocean like" vistas allow fortunate homeowners to maximize the pleasures of living on or near one of the Twin Cities many lakes. Windows fill the entire walls overlooking the lake that carry the room through the day from enjoying full sunlight in the morning to soft lighting for evening times watching the boats as they settle in at local marinas.

4) Remodeled Formal Dining Rooms With Modern Lighting - Luxury dining rooms with modernized lighting are coming back as families welcome more time at home together. Custom wainscoting creates a fine dining atmosphere and adding a bay window gains an additional seating area that extends the room. A window seat set apart with a couch with chandelier and standard lamps is another alternative. Furnishing may include custom make serving tables from local vines and branches.

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Homeowners Stay In A Home Longer: Home Renovations For Lakefront Properties