Luxury bathroom upgrades grow more expensive and more lavish.
As much as $350 billion in 2016 will be poured into home remodelings, additions and improvements, according to the American Institute of Architects 2016 spending projections released late last year, up from $ 325 billion in 2015 , and more U.S. homeowners are opting for luxury bathrooms over other rooms in the house, even kitchens.
With now near-record low interest rates that encourage mortgage refinancing (the lowest since the record low set in November of 2012), many homeowners are going bigger on renovations and remodeling than ever before, according to the AIA’s Home Design Trends fourth quarter 2015 design survey of 500 architectural firms. 29% of AIA’s respondents said their clients want bigger bathrooms, up from 25% a year ago.
“What we’re seeing now is master bathrooms and master bedrooms being almost the same size,” said Allison Greenfield, partner at Lionheart Capital in Miami which is developing The Ritz Carlton Residences Miami Beach.
For more details on new larger bathrooms, click here: http://www.marketwatch.com/story/the-master-bathroom-is-the-new-master-bedroom-2016-07-07
To upgrade your bathroom to a luxurious space in the Myrtle Beach area, call the professionals at Re-Builders at 843-448-0041, or request an estimate on our website: http://www.rebuildersmyrtlebeach.com !