With 2020 providing many challenges for all of us in the Construction & Home Renovation sector we are now seeing a major boom in Home Improvement, especially here in Victoria.
Victoria is experiencing a renovation boom, and when it comes to renovation activity there are several suburbs that are considered hot spots, such as Malvern, Berwick, Cranbourne & Frankston. With these suburbs considered as fairly family friendly, it is no surprise that home owners are wanting to spend the time and money on improving their homes.
Trends in Home owners behaviour has changed significantly over the course of the Pandemic. In 2020 we saw many homeowners take on projects themselves as a distraction during lockdown, whereas in 2021 with holidays and travel plans curtailed many have taken this opportunity to outsource home renovations and updates.
We have found a major increase in home owners wanting new kitchens , which we all consider to be the heart of the home. We have had a 57% increase in new kitchens & cabinetry. Another trend is for the installation of home office fit outs and cabinetry. Now that many of us are working from home for an extended amount of time, the need for a comfortable and functional workspace is paramount.
With all of us forced to spend more time at home over the course of the pandemic, home owners have opened their eyes to their surroundings and how they would like to improve them. As mentioned, kitchens have been the main focus for our clients, but there has also been increased demand for bathroom updates, flooring, painting & landscaping.