Most homeowners have spent a lot more time at home in the past year. Naturally, this has led to many working on home improvement projects. Curious to know how much the average homeowner has reported spending on renovations since March 2020? Read on to find out!
A survey by Stoneside Blinds & Shades on Return on Investment of Home Improvement Projects found that homeowners have increased their spending on renovations since March. On average, homeowners reported spending $1,031 on renovations. Generation X reported spending the most ($1,178.41), while baby boomers spent an average of $1,099.45 and millennials spent the least ($998.68)
The Stoneside Blinds & Shades survey revealed that the kitchen is the most popular area for people to want to spend time and money renovating, with more than 27% of those surveyed saying that a kitchen repair or remodel is at the top of their list. Bathroom repairs and remodeling came in second, with 24.3% of respondents having it on their list.
The area with the most perceived return on investment is the kitchen at 50.8%, with the bedroom after it at 17%, and the living room at 10.2%. The majority of consumers who undertook renovations hired a professional for their projects, with 25% or less noting that they did them as a DIY. Those who did the projects themselves estimated they saved over $600, though. For more information on consumer spending during the pandemic, the whole article on the Stoneside Blinds & Shades survey can be found here.
The Stoneside Blinds & Shades survey revealed that the kitchen is the most popular area for people to want to spend time and money renovating, with more than 27% of those surveyed saying that a kitchen repair or remodel is at the top of their list. Bathroom repairs and remodeling came in second, with 24.3% of respondents having it on their list.
The area with the most perceived return on investment is the kitchen at 50.8%, with the bedroom after it at 17%, and the living room at 10.2%. The majority of consumers who undertook renovations hired a professional for their projects, with 25% or less noting that they did them as a DIY. Those who did the projects themselves estimated they saved over $600, though. For more information on consumer spending during the pandemic, the whole article on the Stoneside Blinds & Shades survey can be found here.
