4 Pandemic–Fueled Home Remodeling Trends
June 23, 2021
Sprucing up the home has become a favorite pastime during the pandemic. Home renovation spending has increased by 15% over the last year, reaching a median outlay of $15,000, according to the 2021 Houzz & Home report, an overview of renovation in 2020 and 2021.
The main motivation to renovate over the past year, cited by 44% of survey respondents, is that they “wanted to do it all along and finally have the time.” The second driver, cited by 36% of respondents, is that they finally have the financial means. Decreased activity away from home during the pandemic has prompted more homeowners to put greater focus on their homes.