SIGNIFICANT SPEND ON HOME RENOVATIONS: Renovating homeowners on Houzz are making significant investments, with median spend starting from $12,000 in most countries* ($12,000-$28,000). India and Russia are the only countries where median spend is significantly lower, $4,000 and $6,000, respectively. Median spend increased or stayed in same in most countries year over year, with the exception of Denmark, France and UK.
MORE DELIBERATE PLANNING AND BUDGETING: Homeowners on Houzz are keen on setting an initial budget for home renovations across countries (58%-90%). Yet, across nearly every country, roughly half of those with an initial budget go over budget (42%-58%). Russia and India outpace other countries in their propensity to go over budget (71%-74%), and Sweden is least likely to go over budget with 39%.
HIRING PROFESSIONAL HELP IS IMPORTANT FOR MOST: Across the globe, hiring a professional, such as a home construction or design specialist, is critical to most renovating homeowners (75%-98%). Since kitchens and bathrooms are among top projects across all countries, the need for professional expertise in these technical spaces is not a surprising.
Awards go to: CA, UK & US – for the highest propensity to renovate among Houzz users (56%-58% vs. 14%-52% for all other countries)
CA, France & US – for the most frequent usage of credit cards to pay for renovations (26%- 28% vs. 1%-20%)
France – for the most frequent motivation to renovate due to a recent home purchase (43% vs. 13%-39%).
Russia – for the most frequent renovation of kitchens among interior space upgrades (38% vs. 20%-33%).
*Houzz Research studies trends in the U.S.A., Canada, Australia, India, New Zealand, Japan, Denmark, France, Germany, Ireland, Italy, Russia, Spain, Sweden, and the United Kingdom.
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MORE DELIBERATE PLANNING AND BUDGETING: Homeowners on Houzz are keen on setting an initial budget for home renovations across countries (58%-90%). Yet, across nearly every country, roughly half of those with an initial budget go over budget (42%-58%). Russia and India outpace other countries in their propensity to go over budget (71%-74%), and Sweden is least likely to go over budget with 39%.
HIRING PROFESSIONAL HELP IS IMPORTANT FOR MOST: Across the globe, hiring a professional, such as a home construction or design specialist, is critical to most renovating homeowners (75%-98%). Since kitchens and bathrooms are among top projects across all countries, the need for professional expertise in these technical spaces is not a surprising.
Awards go to: CA, UK & US – for the highest propensity to renovate among Houzz users (56%-58% vs. 14%-52% for all other countries)
CA, France & US – for the most frequent usage of credit cards to pay for renovations (26%- 28% vs. 1%-20%)
France – for the most frequent motivation to renovate due to a recent home purchase (43% vs. 13%-39%).
Russia – for the most frequent renovation of kitchens among interior space upgrades (38% vs. 20%-33%).
*Houzz Research studies trends in the U.S.A., Canada, Australia, India, New Zealand, Japan, Denmark, France, Germany, Ireland, Italy, Russia, Spain, Sweden, and the United Kingdom.
Download the Full Report