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From the Washington Post's Real Estate section- how long should items last in your home:
Need It or Want It?
Many Home Parts That Are Built to Last Get Replaced for Taste
By Dina ElBoghdady
Washington Post Staff Writer
Saturday, May 5, 2007; Page F01
Thank goodness for fickle consumers and their changing tastes.
Their constant itch to refresh and remodel their homes keeps the makers of toilets, cabinets, countertops and more in business, which in turn helps keep the economy humming.
Never mind if many of these things do not need replacing. In a recent study, the National Association of Home Builders detailed the life expectancy of roofs, floors and everything in between and found that some components, such as doors, can last decades, or a lifetime, if cared for properly.
The study's goal: inform people about how many years they can reasonably expect from those parts so they can better preserve their homes' value. Behavioral experts suggest that durability is closely linked in the consumer psyche to quality and a feeling of permanence that embodies the very meaning of home.
So why is it that consumers crave longevity yet junk their cabinets, faucets and all sorts of appliances long before they wear out?
"People want a whole range of things to last a long time, even emotions," said Daniel Ariely, a behavioral economist at the Massachusetts Institute of Technology. "But they seldom account for the time gap between their initial decision to acquire something and their decision to replace it later."
During that gap, people change. So do their tastes, desires and lifestyles. Manufacturers are forever catering to, counting on and even encouraging those changes as they try to improve their sales.
Consider faucets. The ones in kitchens should last 15 years on average, while the ones in bathrooms should last about 20, the NAHB study concluded based on comments from about a dozen faucet manufacturers.
Yet only about 30 percent of residential faucets sold each year replace ones that are broken or worn, said Jack Suvak, marketing research director at Moen, a maker of kitchen and bath products. The rest are split between newly built homes and remodeling projects, wherein people typically start replacing their fixtures a couple of years after moving in.
"Most homeowners are not comfortable with what they inherited," Suvak said. "They want to make it their own."
Given that people typically don't remodel piecemeal, lots of fixtures and appliances get replaced simply to match the new fixtures and appliances around them, said David Pringle, chief executive of Broan-NuTone, which makes doorbells, medicine cabinets, range hoods and other home products.
That's why the company offers 40 new styles of medicine cabinets each year, Pringle said. Medicine cabinets should last more than 20 years, the builders' study found. But manufacturers do not want consumers to hang on to them for nearly that long.
To drive demand, Broan-NuTone constantly adds finishes and features. It made deeper cabinets to create storage space above pedestal sinks. It added more electrical outlets for iPods and cellphones. And it created soft-close features and doors that open flat against a wall.
"It's all about innovation," Pringle said. "Medicine cabinets are an easy change."
Change comes most easily to younger people, Washington architect Reena Racki said. "In a strange way, it ties into young people's attitude about throwaway fashion," Racki said. "When you're young, time doesn't have the same significance, and you expect a lot of change."
Then there's the pocketbook factor. Not everyone can afford the top-of-the-line, longest-lasting products, which is why some consumers might settle for asphalt shingle roofs, for instance, instead of paying for more durable copper roofs, Racki said.
But the long term is important, said Frank Lesh, president of the American Society of Home Inspectors. Think about your house as you would a car, he urged. "It's like a machine. And machines wear out."
They wear out more quickly if not cared for properly, and when they fail, it always seems to be at the least convenient time. A furnace dies in the dead of winter when it's under the most stress, he said.
So pace yourself. Adopt what Lesh calls "the 1 percent rule" when it comes to your home's upkeep: Budget 1 percent of the value of your home each year for maintenance.
"In the long term, it's cheaper to do a little preventive maintenance," Lesh said. "You don't have to wait until there's a flat tire."
http://www.washingtonpost.com/wp-dyn/co ... 01264.html
I think it should help those who are looking to buy now or in the future- at least plan your budget!
Need It or Want It?
Many Home Parts That Are Built to Last Get Replaced for Taste
By Dina ElBoghdady
Washington Post Staff Writer
Saturday, May 5, 2007; Page F01
Thank goodness for fickle consumers and their changing tastes.
Their constant itch to refresh and remodel their homes keeps the makers of toilets, cabinets, countertops and more in business, which in turn helps keep the economy humming.
Never mind if many of these things do not need replacing. In a recent study, the National Association of Home Builders detailed the life expectancy of roofs, floors and everything in between and found that some components, such as doors, can last decades, or a lifetime, if cared for properly.
The study's goal: inform people about how many years they can reasonably expect from those parts so they can better preserve their homes' value. Behavioral experts suggest that durability is closely linked in the consumer psyche to quality and a feeling of permanence that embodies the very meaning of home.
So why is it that consumers crave longevity yet junk their cabinets, faucets and all sorts of appliances long before they wear out?
"People want a whole range of things to last a long time, even emotions," said Daniel Ariely, a behavioral economist at the Massachusetts Institute of Technology. "But they seldom account for the time gap between their initial decision to acquire something and their decision to replace it later."
During that gap, people change. So do their tastes, desires and lifestyles. Manufacturers are forever catering to, counting on and even encouraging those changes as they try to improve their sales.
Consider faucets. The ones in kitchens should last 15 years on average, while the ones in bathrooms should last about 20, the NAHB study concluded based on comments from about a dozen faucet manufacturers.
Yet only about 30 percent of residential faucets sold each year replace ones that are broken or worn, said Jack Suvak, marketing research director at Moen, a maker of kitchen and bath products. The rest are split between newly built homes and remodeling projects, wherein people typically start replacing their fixtures a couple of years after moving in.
"Most homeowners are not comfortable with what they inherited," Suvak said. "They want to make it their own."
Given that people typically don't remodel piecemeal, lots of fixtures and appliances get replaced simply to match the new fixtures and appliances around them, said David Pringle, chief executive of Broan-NuTone, which makes doorbells, medicine cabinets, range hoods and other home products.
That's why the company offers 40 new styles of medicine cabinets each year, Pringle said. Medicine cabinets should last more than 20 years, the builders' study found. But manufacturers do not want consumers to hang on to them for nearly that long.
To drive demand, Broan-NuTone constantly adds finishes and features. It made deeper cabinets to create storage space above pedestal sinks. It added more electrical outlets for iPods and cellphones. And it created soft-close features and doors that open flat against a wall.
"It's all about innovation," Pringle said. "Medicine cabinets are an easy change."
Change comes most easily to younger people, Washington architect Reena Racki said. "In a strange way, it ties into young people's attitude about throwaway fashion," Racki said. "When you're young, time doesn't have the same significance, and you expect a lot of change."
Then there's the pocketbook factor. Not everyone can afford the top-of-the-line, longest-lasting products, which is why some consumers might settle for asphalt shingle roofs, for instance, instead of paying for more durable copper roofs, Racki said.
But the long term is important, said Frank Lesh, president of the American Society of Home Inspectors. Think about your house as you would a car, he urged. "It's like a machine. And machines wear out."
They wear out more quickly if not cared for properly, and when they fail, it always seems to be at the least convenient time. A furnace dies in the dead of winter when it's under the most stress, he said.
So pace yourself. Adopt what Lesh calls "the 1 percent rule" when it comes to your home's upkeep: Budget 1 percent of the value of your home each year for maintenance.
"In the long term, it's cheaper to do a little preventive maintenance," Lesh said. "You don't have to wait until there's a flat tire."
http://www.washingtonpost.com/wp-dyn/co ... 01264.html
I think it should help those who are looking to buy now or in the future- at least plan your budget!