7. Projects Take 9 Months on Average
From planning to completion, renovation projects (not including additions) took an average of nine months in 2021. For remodels of all interior room types, the planning phase was nearly twice as long as the construction phase. For instance, planning a kitchen remodel took an average of 8.6 months, while construction took 4.9 months; even planning a closet remodel took 6.2 months, while construction took only 3.2 months. Kitchen remodels had the longest construction phase; building work for bathrooms and other interior rooms lasted a month shorter on average.
8. Recent Homebuyers Spend the Most
While recent homebuyers comprise only 10% of renovators in 2021, their median spend was nearly double that of renovating homeowners of all residency lengths ($30,000 for recent homebuyers versus $18,000 for all renovating homeowners). A contributing factor is likely the number of projects they take on at a time — nearly four, more than any other category of homeowner.
In 2021, 60% of long-term homeowners renovated — the largest percentage among all groups. The median spend of this group on all projects is $15,000, while their spend on higher-budget projects (the top 10%) is $90,000. Short-term homeowners are the second-largest group among renovating homeowners, at 30%. Median spend for this group is $19,000, and high-budget projects are on par with the national spend at $100,000.