Whether you are looking to remodel your home or you simply want to improve your interior, home improvement is a great option. Home improvement, also known as remodeling, involves a wide variety of projects that can enhance the look and feel of your home.
Millennials are buying homes
Millennials are buying homes in large numbers, and they’re doing it in a way that’s not common for the previous generation. These young consumers have an incredibly different worldview than previous generations, and they’re treating the home buying process in a different way.
Millennials have faced several hurdles when it comes to buying a home. They often struggle with student loan debt, and their wages have not been as high as they’d like. They also tend to be more pessimistic about homeownership than previous generations. These factors may lead to a drop in home buying among this group in the future.
Millennials are spending more time at home during the pandemic
During the coronavirus pandemic, millennials have adjusted their spending habits. In addition to reducing travel planning, millennials have also saved money on dining out. These changes are based on a shifting economy and social landscape. Ultimately, millennials will have to adjust to the changes in their everyday lives.
Among millennials, two-fifths have increased their spending on groceries since the pandemic. The remaining two-fifths have decreased their spending on food and alcohol.
Millennials have also increased their spending on health and beauty products. A third of millennials have stopped supporting brands that hurt the environment. They have also increased their online spending.
Axiom’s survey respondents’ most popular answer
Among the plethora of surveys conducted, Axiom’s annual 2022 Home Improvement Outlook Report is the most coveted prize. The survey is a whopping 70 pages thick. The findings are nothing short of enlightening. Among the survey’s most telling findings are that more than half the respondents plan to undertake at least one home improvement project this year. A whopping ten percent plan to undertake multiple projects simultaneously. Not bad considering the skepticism that comes with living in a crowded city with a tight budget.
Penalties against contractors
Among the most common consumer complaints is fraud by home improvement contractors. These complaints are investigated by the Department of Consumer Protection (DCP), which takes action against contractors who violate the law. If the DCP finds that a contractor has violated the law, it can investigate the case, issue a restraining order, and suspend the contractor’s registration.
In addition to civil penalties, homeowners can sue for actual damages and reasonable attorneys’ fees. If a contractor violates the law by providing false information or failing to provide a consumer with a copy of the contract, the contractor can be ordered to pay the consumer.