73% of homeowners surveyed plan to make home improvements this year
and will spend an average of about $9,000 doing them.
27% of these home improvers are investing in these renovations
to create a space that they love and that reflects their personal lifestyle, comfort and interests.
This statistic is understandable since the majority of them plan to stay in their homes
for at least 10 years or said they never plan to move.
14%, on the other hand, will engage in home improvements to increase home value
7% will improve their home for sale and….
4% will work on their home to prepare for a major life event
such as having a new baby or preparing for retirement.
Making improvements? The Home Depot also offers online shopping.
Source: LightStream Home Improvement Survey