According to a recent report by Realtor.com’s Home Improvement Survey, a full 67 percent of consumers say they are planning on renovating their home within the next 6 months. In this survey of 1500 home owners, the response indicated that the majority was looking to spend between $2000 and $5000. On the other hand 18 percent said they were planning to spend between $10,000 and $20,000 on their renovation.
The most popular areas to renovate are:
- Kitchen – 61%
- Bathroom – 59%
- Backyards – Patios – 33%
- Home Exterior – 32%