Home Remodeling Statistics to Know before Investing
The home remodeling industry is expected to be worth a whopping $509 billion this year—up from $503 billion in 2024. Here’s a look at home remodeling statistics and trends to show what’s driving sales and shaping the industry in 2025.
A New Year, A New Home Project
High interest rates are driving residential remodeling as homeowners continue to have a “renovate over relocate” mentality, according to Angi. The rapid expansion of homeowners’ equity is projected to continue to create demand for services.
“Stronger gains in home values and thus home equity levels should boost both discretionary and ‘need-to-do’ replacement projects for owners staying in place,” said Carlos Martín, director of the Remodeling Futures Program at Harvard University’s Joint Center for Housing Studies.
Let’s take a closer look at some of the stats:
- At least 93% of homeowners plan to do a home improvement project this year.
- Specialty contractors anticipate revenue growth of 4% in 2025.
- 67% of homeowners want to renovate existing homes, rather than move.
- The top five home remodeling projects last year were painting, bathroom remodeling, flooring, and landscaping.
The home remodeling industry’s upward momentum shows homeowners are looking for new and exciting ways to update their spaces. Now is an exciting time for motivated entrepreneurs to get in on the action.
Home Remodeling’s Top Trends
If you want to start a home remodeling business, staying up-to-date with current trends is essential. By staying informed, you can offer the most relevant and profitable remodeling services to grow your business successfully.
Here are some home remodeling trends taking off in 2025:
Outdoor Revamp
Some of the most popular remodels happen beyond the four walls of our homes. These types of renovations can completely change the look and feel of a property while creating a fresh-air oasis to be enjoyed by the whole family.
Accent Lighting
Homeowners are prioritizing energy-efficient solutions and ambiance in their spaces. Accent lighting adds depth and dimension to a space by drawing attention to artwork, textured walls, or focal points like fireplaces and bookshelves. It’s a low-cost improvement to personalize a space.
A Smarter Home
Home automation technology is now an industry standard as homeowners seek products and services that make their lives easier and their homes safer. At least 77% of homes incorporate home automation technology, according to Statista. Many of these smart technologies are used to improve energy efficiency, saving homeowners money on utilities and contributing to a more sustainable environment.
Home Organization Solutions
The median home size dropped to 2,150 square feet in 2024, the lowest size in 15 years. Smaller homes and the rise in remote working are creating demand for multi-use spaces by focusing on whole-home organization and storage.
Because the storage industry is booming, starting a home improvement business that specializes in customizable services will help set you apart. Choosing a specialty will help you stand out from the competitors while appealing to the broadest range of customers’ needs.
Franchise with PremierGarage
PremierGarage has nearly 161 locations. We focus on remodeling projects that make the garage more organized and functional based on each client’s specific needs and goals. We work with customers to design and install custom storage solutions and garage flooring, including epoxy floors and flexible floor tile solutions.
We have a reputation for top-quality service, comprehensive training, and a dedicated support team. With low overhead, high margins, no inventory, and a large territorial footprint, PremierGarage is perfect for qualified candidates who want to enter the home services industry.
Inquire now to learn more about franchising opportunities with PremierGarage in your area.