Renovations Homeowners Are Eyeing This Year

Outdoor improvements, including decks, patios, and landscaping, remained highest on owners’ to-do lists for the fifth consecutive year. Interior renovations also are popular: Nearly a third of homeowners say they plan to remodel a bathroom, and more than one in four say they plan to update their kitchen, according to a recent survey by LightStream Home Improvement

65 percent of survey respondents saying they’ll take on at least some of the work. Thirty-five percent of the group say they’ll do the entire project on their own.

Also, budgets for renovations are increasing. Forty-five percent of homeowners who are planning a renovation project say they’re willing to spend $5,000 or more—a record high for the survey. The number of respondents who plan to spend $35,000 or more doubled from 2017.

Source: “Home Improvement Ramps Up in 2018,” The LightStream blog (Feb. 27, 2018)

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