Specialty rooms are popular once again

for sale sign outside housePrior to the Great Recession, home owner spending for remodeling and renovations was very strong. Besides remodeling the kitchen and bathrooms, many home owners also created specialty rooms (also known as special function rooms) in their homes. Specialty rooms such as home theatres and media rooms were not just trendy because they were cool to have in the house, but they were also added for resale value. According to Harvard’s Joint Center for Housing Study’s Leading Indicator of Remodeling Activity (LIRA), post-recession home remodeling spending dropped off by as much as 28 percent between 2007 and 2011. That spending decrease meant that while home owners focused on saving and paying their mortgages, specialty rooms were no longer a necessity.

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