According to remodelers in NAHB’s Remodeling Market Index (RMI), a simple “desire for better/newer amenities” ranked as the number one reason customers remodel their homes in 2014, just as it did in 2013. On a scale of 1 to 5 (where 1 indicates never or almost never, and 5 is very often), the average rating on desire for newer amenities was 4.4 in 2014.
“Need to repair/replace old components” finished in second place with an average rating of 4.2. These traditional reasons to remodel were the only two with an average rating above 4.0. Another fairly traditional reason, “desire for more space” came in third with an average rating of 3.8; “To avoid moving or buying another home” was fourth at 3.3. Learn More HERE