According to a report by The News Tribune, residents of the Milwaukee metro area are leading the nation in home renovations per capita. In 2023, over 12,000 home renovation loans were issued in the area, totaling more than $1 billion. This surge in renovations is attributed to factors such as rising mortgage rates, limited housing inventory, and homeowners’ desire to personalize their living spaces.
In contrast, the South Sound region, including Tacoma, has not experienced the same level of renovation activity. While there is a noticeable trend of homeowners opting to renovate rather than relocate, the region’s renovation activity remains modest compared to national leaders like Milwaukee. However, Tacoma is witnessing its own transformation through innovative apartment plans that aim to redefine residential spaces and community roles .
For those interested in home renovations in the Tacoma area, local trends indicate a focus on kitchen and bathroom remodels, as well as the addition of outdoor living spaces. These projects not only enhance the functionality and aesthetics of homes but also contribute to the overall revitalization of neighborhoods.
If you’re considering a home renovation in Tacoma, it’s advisable to consult with local contractors and design professionals who are familiar with the area’s specific needs and regulations. They can provide valuable insights and help bring your renovation vision to life.
