New research found that 66% of homeowners are planning for major investments within the next five years. Major investments entail many goals, from a big renovation or system upgrade to preparing a home for an eventual sale. Major renovation projects are a reflection of homeowners choosing to remodel and improve their forever home, rather than relocate.
“Economic pressures, including inflation, high interest rates and income uncertainty, are likely driving this stay-put, let’s-just-improve-our-home mentality,” said Tammy Crosby, CEO of The House Designers in Monroe, Conn.
