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April 20, 2009

Recession Rekindles Love for Do-it-yourself

From Hardlines, the rockin' Canadian company that follows trends in the home improvement industry ---

MOORESVILLE, N.C. — It turns out that people aren’t just turning to DIY projects to save money — they actually like doing home improvement projects.

Lowe’s Cos. conducted a consumer survey recently of more than 500 U.S. homeowners, who revealed projects they’re planning over the next 12 months and what motivated the process. Of those people planning a DIY project, 35 percent say they will do it themselves to save money. But in a very close second, 32 percent cited “pleasure” as the reason they do it themselves.

“Purchasing a home is one of the largest single investments a person will make during his or her lifetime. In good times and bad, homeowners remain committed to preserving their investment by maintaining and improving their homes,” says Larry Stone, Lowe’s president and COO. “While time constraints encouraged many people to say ‘do it for me’ in recent years, perhaps the silver lining of the current economy is that homeowners can save while they rediscover the fun of doing projects themselves.”

Comments

Abi Mensah

Mag,
I dont blame em for wanting to save money, especially with the economic crisis that we're in right now. people are in like a panic frenzy!
take care,
Abi

Condo Blues

Last year I read that the trend in home decorating shows is not to show demos because people weren't interesting in doing it themselves, they'd rather hire someone to do it for me. Interesting the difference a year makes.

Mag

I know, it's a little ironic isn't it? I'm sorry people are feeling pinched financially, but glad they're rediscovering their own hands.

Mag

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