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2016 U.S. Houzz & Home Study: Annual Renovation Trends
Findings from a survey of 121,639 U.S. homeowners on Houzz about their home renovations in 2015 and plans for 2016
Houzz Research
September 12, 2017
Spending is on the rise for kitchen and bathroom renovations.
The desire to stay put is the primary motivation to renovate vs. buy a “perfect” home, trumping financial considerations.
Recent home buyers are a key driver of renovation activity, with more than a quarter of renovations being driven by recent home purchases.
Those planning to sell their home are also investing in renovations,focusing on exterior projects that enhance curb appeal.
Nearly one-third of homeowners take on a remodeling project without setting a budget—the same share exceeds an established budget.
Millennial homeowners continue to be just as likely to renovate as other age groups, yet spend a third of the amount spent by Baby Boomers.
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The desire to stay put is the primary motivation to renovate vs. buy a “perfect” home, trumping financial considerations.
Recent home buyers are a key driver of renovation activity, with more than a quarter of renovations being driven by recent home purchases.
Those planning to sell their home are also investing in renovations,focusing on exterior projects that enhance curb appeal.
Nearly one-third of homeowners take on a remodeling project without setting a budget—the same share exceeds an established budget.
Millennial homeowners continue to be just as likely to renovate as other age groups, yet spend a third of the amount spent by Baby Boomers.
Download the Full Report
See Related Stories:
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