According to the results of HomeAdvisor’s 2017 True Cost Survey, the average homeowner has spent nearly 60 percent more on home projects over the past 12 months. And a 7 percent¹ increase in total nationwide expenditures on home improvement — with homeowners tackling bigger-ticket projects like kitchen and bath remodels and exterior renovations.
Coming off this huge increase in 2016, just 37 percent of homeowners report plans to spend less on home improvement in 2017, while nearly two-thirds say they plan to spend the same amount or more. People are feeling positive about both their homes’ values and the prospects for the economy. And, with this mindset as their foundation, they’re planning to take on more major home improvement projects.
In HomeAdvisor’s 2017 True Cost Report, detailed and provided some context around the findings of our annual True Cost Survey — a survey designed to take the pulse on home improvement spending in America and provide insight into homeowner spending trends.