It wasn’t long ago until small-scale local hardware shops were the only go-to option available for homeowners for supplies required for home repair and renovation. However, home improvement stores have now taken shopping for hardware to another level. The increase in bigger and better home improvement has not only made home restoration and renovation easy, but has also improved the shopping experience for regular customers.
Every neighborhood has a corner hardware shop that they can rely on. However, with small-scale hardware shops comes a small variety and very narrow range of categories for home improvement. This is why having a proper home improvement store in your neighborhood is not a luxury anymore, it is a necessity.
Home improvement stores are now in high demand. While small-scale local hardware shops with less variety were not a problem before, they are not enough for people now. People now prefer better home improvement stores in their neighborhoods. Let’s get to know more about home improvement stores and why the industry is growing rapidly.
What are Home Improvement Stores?
As their name suggests, home improvement stores are a type of retail store that sells hardware items and lumber materials. This is why they are also called a hardware store and lumberyard combination. They provide numerous home renovation, reparation, and improvement solutions – which is why they offer a wide range of products and have a vast target market.
From minor plumbing issues, to large-scale paint jobs, and home remodeling – every home-related service leads you to home improvement stores. Home improvement stores cater to common businesses and industries like outdoor renovations, painting, disaster renovation, landscaping, and cleaning services.
Why are Home Improvement Stores Growing Exponentially in the US?
Nationwide spending on home improvement stores has increased exponentially over the past few years. There 3 main contributing factors are:
- Increase in Homeowner’s Equity
Homeowner’s equity, also known as home value, has almost doubled in the past 5 years. This allowed people to flexibly spend money on improving their living standards, including improving their houses. This has, in turn, increased the demand for home improvement stores.
- Millennials Growing into Homeowners
A considerable percentage of Millenials have now reached their mid-20s and are becoming homeowners. Unlike the generations before, Millenials are more independent and are focused on improving their quality of life. This is why Millenials are buying homes and investing in home improvement projects – much more than any other age group in the country.
- Old Houses and Buildings
The demand for houses and buildings in the country is increasing year by year. An average home in the US is almost 40 years old, and a vast sum of homes and residential buildings are at least 20 years old. This means there is a high demand for reparation, maintenance, and renovation – increasing the demand for home improvement stores.
Home Improvement Store in Mendocino County
Having local home improvement stores in your neighborhood can be a huge help. With all the essential supplies available at walking distance from your house, you can save money on traveling long distances only to find some hardware materials.
If you are a resident of Mendocino County, there is a good news for you. Our home improvement store is now open in your neighborhood. Visit us today for any kind of home improvement supplies!
