Homeowners who are remodeling this year plan to make improvements in three interior rooms and complete two or more outdoor projects.
NEW YORK – Homeowners are spending more – an increase of 60% since 2020 – on upgrading their kitchens and other indoor and outdoor areas due to higher product and labor costs, according to a new study by Houzz, an online resource for home remodeling and design .
Median renovation spending rose from $15,000 in 2020 to $24,000 in 2023, reports the 2024 US Houzz & Home Study of more than 30,000 US respondents.
With rising costs for appliances,