Thirty-six million owners plan to renovate their homes within the next 12 months, and the home’s exterior is likely to get most of their attention, according to a new survey by Bankrate.com of 1,000 home owners.
Home exterior or yard renovations – such as repairing driveways, decks, patios, pools, landscaping, or fencing – are among the most popular projects home owners plan to take on in the next year. The next most popular renovation projects include adding new flooring and new windows, roofing, or siding, the survey shows.
Millennial home owners are the most likely to be planning renovations when compared to other age segments, according to the survey. Also, home owners with lower income are just as likely to be planning renovations within the next 12 months than those with higher incomes, according to the survey.