60 Percent of Homeowners Plan Summer Home Improvement Projects

        60 Percent of Homeowners Plan Summer Home Improvement Projects

Homeowners expect to spend $1,200, focus on outdoor spaces and bathrooms

PR Newswire

SEATTLE, June 21, 2013

SEATTLE, June 21, 2013 /PRNewswire/ -- More homeowners are choosing to stay in
their homes and invest in home improvements due to tight inventory and the
fact that more than 25 percent of homeowners nationwide are underwater on
their mortgages[i]. To make the most of their current surroundings, 60 percent
of homeowners plan to make a home improvement or addition this summer,
according to the Zillow® Digs™ Summer Home Improvement Trend and Spending
Survey[ii].

"Zillow Digs is a leading resource for discovering up-and-coming design trends
as actual consumers and professionals are sharing and discussing what they
like," said Cynthia Nowak, Zillow Digs trend expert. "As we head into the long
days of summer, we are seeing increased interest in outdoor spaces with very
natural elements such as stone fireplaces, as well as bringing more light into
bathrooms with clear glass on the walls and shower enclosures."

Home improvement projects and spending varies by age and life stage

Younger homeowners and homes with children are significantly more likely to be
planning a home improvement or addition this summer.

  o18-to-34-year-olds: 71 percent
  o35-to-54-year-olds: 61 percent
  o55 and older: 51 percent
  oHomes with children: 65 percent
  oHomes without children: 57 percent

Homeowners plan to spend a median of $1,200 on summer home improvement
projects. Sub-groups of homes with children as well as homeowners 54 years of
age and younger plan to spend one-third more ($1,500) compared to homes
without children and those 55 and older ($1,000).

Summer home improvement trends: Back to nature and classy glass

The survey found that some of the most popular summer home improvement
projects are outdoor spaces (40 percent) and bathrooms (17 percent). Younger
respondents and homes with children are significantly more likely to be
planning three or more home improvements this summer.

Since more than 80 percent of Zillow Digs users are actively working on or
planning a home improvement project and nearly 70 percent are using Zillow
Digs to collect ideas or get inspired[iii], Zillow's trend analysts looked at
what is hot on Zillow Digs for outdoor spaces and bathrooms to spot trends for
summer home design:

  oBack to nature: Zillow Digs users like a very natural look for their
    outdoor spaces. Instead of infinity pools and sleek modern decks with
    well-appointed outdoor kitchens, summer home remodelers prefer camp-like
    settings that use a lot of stone, particularly stone fireplaces. People
    want to be comfortable but remember that they're outdoors and feel like
    they are in a very natural setting.
  oClassy glass: From glass shower enclosures to glass tiles, Zillow Digs
    users want open and light bathrooms. Get out the squeegee and glass
    cleaner – frosted glass is out. Without shower curtains, many homeowners
    and designers take advantage of the free wall space to showcase beautiful
    glass tiles. 

More than half of young homeowners find inspiration online

The survey also looked at the top sources of ideas and inspiration for home
improvement and found online sources are the most popular at 37 percent
overall, with more than half (53 percent) of younger homeowners and 50 percent
of homes with children finding inspiration online. Zillow/Zillow Digs was the
third most common source for online inspiration (6 percent), following
HGTV.com (25 percent) and Pinterest (15 percent).

Zillow Digs users can browse more than 44,000 photos from Zillow's database of
more than 110 million U.S. homes, or those provided by home improvement
professionals and homeowners, and see Zillow's proprietary Digs Estimates for
the estimated cost of the actual bathrooms and kitchens they are viewing. They
can create, save and share boards of ideas and decor they love, and browse
more than 105,000 boards created by others, comment on photos and follow
people with similar interests. And, they can connect with local home
improvement professionals for help – for free, on iPad® and the Web.

About Zillow, Inc.

Zillow, Inc. (NASDAQ: Z) operates the leading real estate and home-related
marketplaces on mobile and the Web, with a complementary portfolio of brands
and products that help people find vital information about homes, and connect
with the best local professionals. Zillow's brands serve the full life cycle
of owning and living in a home: buying, selling, renting, financing,
remodeling and more. In addition, Zillow offers a suite of tools and services
to help local real estate, mortgage, rental and home improvement professionals
manage and market their businesses. Welcoming 55 million monthly unique users,
the Zillow, Inc. portfolio includes Zillow.com®, Zillow Mobile, Zillow
Mortgage Marketplace, Zillow Rentals, Zillow Digs™, Postlets®, Diverse
Solutions®, Mortech™, HotPads™ and Agentfolio™. The company is headquartered
in Seattle.

The Zillow logo is available at http://zillow.mediaroom.com/index.php?s=191

Zillow.com, Zillow, Postlets and Diverse Solutions are registered trademarks
of Zillow, Inc.
Mortech, HotPads, Digs and Agentfolio are trademarks of Zillow, Inc.

iPad is a registered trademark of Apple Inc.

(ZFIN)

[i] Zillow Negative Equity Report, May 2013

[ii] These are some of the findings of an Ipsos poll conducted May 30-31,
2013.For the survey, a nationally representative sample of 2,078
randomly-selected adults aged 18 and over residing in the U.S. was interviewed
via Ipsos' U.S. online omnibus. With a sample of this size, the results are
considered accurate within +/-2.1 percentage points 19 times out of 20, of
what they would have been had the entire population of adults in the U.S. been
polled. The margin of error will be larger within sub-groupings of the survey
population.The sub-group of homeowners in the sample is 1,411, which has a
margin of error of +/-2.6. These data were weighted to ensure the sample's
regional and age/gender composition reflects that of the actual U.S.
population according to data from the U.S. Census Bureau. All sample surveys
and polls may be subject to other sources of error, including, but not limited
to coverage error, and measurement error.

[iii] The survey was sent to all registered Zillow Digs' users and conducted
via Survey Monkey in April 2013, resulting in 306 completed surveys.

SOURCE Zillow, Inc.

Website: http://www.zillow.com
Contact: Cynthia Nowak, Zillow.com, 206-757-2788 or press@zillow.com