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Spring is a season of renewal, the period when the Earth awakens from its winter slumber and comes into full bloom. Perhaps taking a cue from Mother Nature, more Americans are interested in injecting new life into their living arrangements by renovating the places they call home, a new poll suggests.

Nearly two-thirds of homeowners intend to spend more money this year on home improvement projects, according to a poll performed by Harris Interactive in February. That's up from 56% this time last year.

Homeowners to spend over $6,000 on renovations

"Renovation intentions are up this year."

As for how much money they expect to put toward renovations, renovators will spend over $1,000 more this year than in 2015, the survey revealed. In terms of raw data, an average of almost $6,250 will go to home restorations this year, up from an average of just over $5,000 in 2015.

Spring is a season of renewal, the period when the Earth awakens from its winter slumber and comes into full bloom. Perhaps taking a cue from Mother Nature, more Americans are interested in injecting new life into their living arrangements by renovating the places they call home, a new poll suggests.

Nearly two-thirds of homeowners intend to spend more money this year on home improvement projects, according to a poll performed by Harris Interactive in February. That's up from 56% this time last year.

Homeowners to spend over $6,000 on renovations

"Renovation intentions are up this year."

As for how much money they expect to put toward renovations, renovators will spend over $1,000 more this year than in 2015, the survey revealed. In terms of raw data, an average of almost $6,250 will go to home restorations this year, up from an average of just over $5,000 in 2015.

However, that's not the aspect of the home that will get the most renovating attention. Approximately 45% of home improvement projects will be outdoor decks, patios and landscaping, the poll revealed.

Putting the 'great' in great outdoors by renovating
Yard work - above and beyond leaf raking and grass clipping - seems to be a theme for homeowners in 2016, as other home improvement surveys have come back with similar findings. According to a separate poll conducted by remodeling and interior design firm Houzz, 82% of homeowners plan to update outdoor systems and nearly 75% intend to revitalize various structural elements that surround their houses.

Nino Sitchinava, an economist at Houzz, indicated that homeowners want the places they frequent to look their best, and for many, the backyard is their own personal sanctuary.

"Nearly half of outdoor renovators spend six or more hours a week in their yards, motivating them to invest in major features that transform the outdoors into additional living spaces," Sitchinava explained. "Hardy plants, LED or solar lighting, and hardscapes in place of lawns are some of the popular low-maintenance choices."

He added that homeowners are also investing in their time by installing "precipitation-sensitive irrigation" so they can accomplish other tasks and not feel like they're abandoning the upkeep and overall health of the lawn.


Photo and article courtesy of 
Selective Insurance Group
Posted 11:57 AM  View Comments

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