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The Demand Institute conducted a study regarding what American homeowners want that they don’t have. Here is what they found:
- Energy efficiency: 71% of households polled said that energy efficiency in their home was important but only 35% said they were currently satisfied with how energy efficient their home is. Smart thermostats, energy-use monitors, energy efficient appliances, and smart home technology are becoming increasingly popular to meet the goal of being energy efficient.
- Renovations: More than 75% of households said their home needs renovations. The top five major home improvement projects desired are: painting, replacing carpet/flooring, remodeling a bathroom, remodeling a kitchen, and replacing doors/windows.
- Updated kitchen: 62% of households said a modern kitchen with updated appliances and finishes is important while only 38% said they were satisfied with their current kitchen.
- Accessibility: 76% said they want a home that they can grow older in; 53% said their current home meets that criteria.
- Safety: 22% of those surveyed said they are unsatisfied with the safety in their current home. Home security systems and other safety technology may be key to giving homeowners more peace of mind.
- Privacy: 63% of households said privacy from their neighbors was important.
- More storage: Almost half of the households surveyed said they desire more space than they have in their current home.