Message from the President
by Eric Winklhofer
Homeowners More Likely to take on D.I.Y. Remodels
Homeowners looking to add personality and individuality to their home are more likely to undertake a do it yourself remodel than hire a professional, according to the National Association of Realtors 2019 Remodeling Impact Report: DIY. The report also shows that cash-strapped millennials are the most likely of any generation to take on a DIY project.
The report examines the differences between remodeling when hiring a professional compared to homeowners who pursue “do it yourself” projects. The report also differentiates between projects that were undertaken to benefit the homes of consumers and those that benefit consumers’ pets.
According to the report, homeowners reported a “Joy Score” of 9.9 for projects done themselves (Joy Scores range from 1 and 10, and higher figures indicate greater joy from the project). That is compared to a score of 9.6 for projects completed by professionals. DIYers also expressed a greater sense of accomplishment with a finished project, with 97 percent of respondents indicating a major or minor sense of accomplishment, compared to 93 percent of those who hired a professional.
One of the pleasures of homeownership is the ability to take on projects to customize a house that truly make it your own. With plenty of owners taking on renovation projects, this report is a great place to search for projects others have undertaken successfully.
Nearly three-fourths of Generation Y and Millennial consumers (73 percent,) over half of Generation X (51 percent) and 50 percent of Younger Boomers choose to DIY home projects. Seventy percent of the Silent Generation indicated that they hired a professional to complete their project – the highest of any generation.
When it comes to projects undertaken for the benefit of the consumer’s pet, marginally more respondents indicated complete satisfaction when they hired a professional, 65 percent compared to 61 percent. However, consumers are more likely to DIY a project for a pet (56 percent) than a general home project (47 percent).
Anyone taking on remodeling projects to get the most bang for their buck on resale should speak to a Realtor as we have unique and instrumental insights into which projects and upgrades bring the most value to homes in your area.
As your president, I am available, 24/7/365 so please feel free to email me.
You’re Invited to BNAR & WCR’s Summer Social Event
Join the BNAR and the Women’s Council of REALTORS for our Summer Social Event which is taking place on Tuesday, August 20 from 4-6 pm at Templeton Landing. Rain or Shine! Enjoy the view, cocktails & hors d’oeuvres, networking, and music. The event is free but you must register by August 13 – go to BNAR Member Service/Register for Events through your MLS Portal. See you all there!
Is it time to Renew your License?
Not sure how or where to go? The Education Committee created this 3 minute tutorial to help you through the process. The DOS has asked us to remind our members about the proper way to answer the continuing education question on the online license renewal form. The question asks if the licensee has completed the required CE credit or if the licensee is exempt. If the licensee has properly completed their CE requirements OR is exempt from completing CE, the licensee should answer “YES.” Many of those who are exempt, mistakenly answer “NO” and therefore an audit is immediately triggered. Unfortunately, licensees are often found to have gaps in licensure or are unable to prove continuous licensure, and thus lose their exemption from required CE.
Want to Join the Leadership Team?
BNAR’s Nominating Committee has formed and has begun its search for future leaders. If you would like to enhance your career and help with the decision making process on the Board of Directors submit your nomination form to the Nominating Committee (certain qualifications apply) c/o Debbie Norman dnorman@bnar.org with a copy to John Leonardi jleonardi@bnar.org no later than July 1, 2019. The chairperson of the committee is Rebecca VanDorn, with members Gary Kenline, Louis Vinci, Alice Miranda and Joel HusVar should you have any questions about running for a BNAR Director.
A New Message from your our Education Chairperson Rose DeGeorge
Here is a short message from your BNAR Education Chairperson, Rose DeGeorge! Come home for your Education!
