Sometimes my sister-in-law Anna and I daydream about what we
would do with the money from a winning lottery ticket. It usually involves a
lot of monetary gifts to family members ― to make other’s lives easier ― but
our fantasy also includes some personal indulgences as well.
For instance, I have always admired this
historic dream home in a neighboring town. My ultimate desire would be to write
out a high-zeroed check to the current homeowners and request the keys. You
should see this house: It’s a beautiful Queen Anne Victorian with all the
trimmings of that era. (It probably also comes with all the 19th
century heating and plumbing systems, too. However, as a multi-millionaire that
could all be taken care of, right?)
But sometimes our daydreams don’t reach
for the moon. Sometimes Anna and I scale down our whimsical thoughts to what
dollar amount would make us happy in our present situations. If money were to,
say, fall in our lap to devote to home improvement projects, what would we
prioritize?
I would definitely re-work my kitchen. Install new cabinets and fixtures, update appliances, and just make it less 70s, if you know what I mean.
The folks at
The Shelton Group, a consumer research company,
asked homeowners that same question recently for its “Energy Pulse 2008”
survey. They wondered, “If you were given $10,000 to make home improvements,
which one or two of the following things would you do?”
The choices consisted of:
Windows
Insulation
Painting
Kitchen
or Bathroom projects
Replace HVAC or Furnace unit
Replace
Carpet or Add Hardwood or Tile
The results were interesting. While
“replace windows” garnered the most responses (35%), close behind were “replace
HVAC or furnace unit” (27%) and “refinish kitchen or bathroom” (26%). Nearly
23% also chose to “add insulation.” What this means is that consumers are
definitely focusing on what it will take to make their homes run as efficient
as possible.
“The economy is driving their thinking right now,” Suzanne Shelton
said when she hosted a press-only webinar announcing the study’s results. Her
team also uncovered some “motivators” behind these consumers’ choices when it
comes to energy efficient or “green” purchases ― and it’s not always “savings,”
as one might think.
“To connect with today’s consumers, you
must promise a deeper benefit: comfort, control, peace of mind,” Shelton said.
She also advised tailoring your message to the right audience. Providing the
right amount of product information and system education is also important when
advertising to homeowners or presenting a project. "They still know less than you would think."
For more information on the
Energy Pulse 20008 study,
click here.