Thirty-six million owners plan to renovate their houses over the next Twelve months, and the home’s exterior is likely to get most of their attention, as outlined by the latest survey by Bankrate.com of 1,000 home owners.
Exterior Projects Top Remodeling List
Home exterior or yard renovations – including repairing driveways, decks, patios, pools, landscaping, or fencing – are amongst the most popular projects home owners plan to undertake over the next year. The next most favored renovation projects include adding new flooring and new windows, roofing, or siding, the survey shows.
“With more home owners deciding to make upgrades to their homes this year, it’s a sure sign that they’re generally feeling more secure about the economy and in the housing market as well,” says Mike Cetera, Bankrate.com’s personal loans and credit analyst. “It’s refreshing to see, especially since it wasn’t too long ago that the housing market crashed.”
Millennial home owners are the most likely to be planning renovations when compared to the other age segments, according to the survey. Also, home owners with lower income are just as likely to end up planning renovations over the following 12 months compared to those with higher incomes, based on the survey.
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