According to a recent survey conducted by the National Association of Realtors, 99% of pet owners consider their pet a part of their family. As such, pets are often factored into the decision-making process when homeowners relocate or renovate.
The survey, titled the “Animal House: Remodeling Impact Report,” showed that 89% of respondents would never give up their furry friend because of housing restrictions. In fact, 12% reported that they have actually relocated just to accommodate their pet.
“In 2016, 61 percent of U.S. households either have a pet or plan to get one in the future, so it is important to understand the unique needs and wants of animal owners when it comes to homeownership,” explained NAR President William E. Brown. “Realtors understand that when someone buys a home, they are buying it with the needs of their whole family in mind; ask pet owners, and they will enthusiastically agree that their animals are part of their family.”
Not only does owning a pet factor into buying, selling, and renting decisions, but it also inspires the changes people make to their current homes. To keep their dog happy and healthy, and to prevent costly damage to the home, more than half (52%) of pet owners reported completing a dog-related home renovation project. For instance, 23% built a fence around their backyard, 12% installed a doggy door, and 10% added laminate flooring to their home’s interior.
Of course, these alterations aren’t always done for the benefit of the family pet alone. Realtors know that landscaping, including building a fence, can increase a home’s resale value by 14%.
NAR ranked the dog-related home remodeling projects listed above on a scale from one to 10 based on the homeowner’s level of enjoyment. They found that having a fenced-in backyard earned a score of 9.4, demonstrating that the human residents of the home enjoyed the fence just as much as their canine companions.
Ultimately, this survey revealed that even though 60% of homeowners plan to remodel their master bathroom in the near future, some pet owners are leaning more towards renovation projects that benefit their four-legged pals.
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