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Construction Risk Mitigation Industry Leader Brian Mingham Looks at How the Coronavirus Pandemic is Influencing Home Renovations

It will be several years before the full impact of the coronavirus pandemic can be fully categorized and calculated. However, after just a handful of months since lock downs across the U.S. began, we are already seeing significant and likely permanent change in one key area: home renovations.

Multi-Purpose Spaces

Many of today’s remote workers — both those who want to be at home, and those who have no choice — do not necessarily want to be holed up in a specific room from 9–5 . Instead, they want a base of operations where they can keep their files and have conference calls without fear of being interrupted by kids, pets, neighbors, and so on. But they also want the flexibility to grab their laptop or tablet and work in other areas of their home.

More Open Layouts

While open-plan office layout may be less popular in corporate settings these days (not just for social distancing reasons, people who work from home — or who just spend far more time at home now than they did before the pandemic began, are embracing open layouts.

Blended Dining-Backyard Spaces

COVID-19 is also convincing — and in some cases, compelling — people to put their getaway plans on hold (especially if they involve cross-border travel), and instead enjoy a “staycation” with family and friends. This shift is creating a great deal of renovation activity and interest in blended backyard-dining spaces.

Brian Mingham is Founder & CEO of CFSI Loan Management (CFSI) | Los Angeles, CA | www.brianmingham.com

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