The pandemic has seen a considerable increase in popularity of home renovations. Houzz, an online platform for home remodeling, saw a growth of 58% project leads during the month of June in 2020 and this has shown little sign of slowing down since then. Many homeowners are looking to make the best out of a terrible situation with lockdown restrictions and looking towards the future. In the Greater Toronto Area, it is no different. According to CBC news, the home renovation industry in Toronto has been thriving during the pandemic, and below, we have some reasons why many Toronto residents are choosing now to renovate their homes and why you should consider doing so, as well.
Making way for the new
As there appears to be a light at the end of the tunnel when it comes to the pandemic, it is time for people to begin looking towards expansion. Notably, this can mean home expansion. There has been a notable increase in demand for home extensions of about 52%. As people begin to notice just how limited the space is in their homes, they may opt to expand some areas of the living space to make it suitable for their whole family in the case of continued lockdown restrictions. An expansion to the home may also happen due to the increased amounts of lockdown babies being had that people may not have planned for beforehand and they now need to baby-proof their home and make space for their new bundle of joy. People are understandably trying to start fresh and move on with their lives even with the unpredictability of with COVID cases, and something able to be controlled that they can enjoy is anything within the safety of their own home.
Along with more space to enjoy throughout the house, luxuries such as home spas and pools are now far more sought after than before the pandemic. As the people of Toronto and around the world begin to realise that they cannot count on the gym or the spa being open for them to go unwind comfortably, they instead turn their hard-earned money towards renovating their own home to host those same leisure activities. There is no precise way to know when all restrictions will be lifted for good and when social distancing measures will make the spa or the public pools available, but even when they do, some people have become aware of the germs transmitted throughout those places and would rather enjoy swimming or relaxing within the comfort of their own homes.
All in all, due to the money saved from lockdown restrictions making travel and holidays difficult throughout the last year, putting that same money back into renovating your home may be a worthwhile investment. No one can be entirely sure what the new normal is going to look like, but at LivMor Developments, we can help ensure that your home can make you and your family comfortable and prepared for whatever the new normal may look like.