Tag: home improvement

Majority of Americans think home renovations take longer than planned: survey

More than half of Americans think their home improvement project will take longer than planned, according to a survey from Angi.  (iStock)

The majority of Americans (52%) believe that home improvement projects will take longer than expected, but many are still confident in their ability to do the projects themselves, according to a survey from Angi.

U.S. home improvement sales are projected to increase to more than $550 billion this year as more Americans choose to do their remodeling projects themselves, according to Statista.

When looking at cost, women were 10% more likely than men to believe that DIY renovations would save money over hiring a professional, the survey said. Separately, about 12% of millennials said they thought renovations wouldn’t break the bank. 

The survey also said that 74% of Americans have some confidence in their ability to oversee a home renovation project, but 20% have

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Home Improvement Book Shows Homeowners How to Save Money When Building or Remodeling Without Sacrificing Quality

With COVID-related inflation driving up prices, homeowners need to re-examine how they are spending their money says author Joe Oswald.

CHICAGO, July 14, 2022 /PRNewswire/ — As if the COVID-related supply chain disruption making it hard to find many consumer items hasn’t been bad enough, many homeowners suffered sticker shock when the price of lumber hit an all-time high last spring, blowing construction budgets and forcing people to delay their home improvement projects. The cost of gasoline, groceries, food, and other commodities have also increased over the last year, and some areas of the country are seeing a rise in natural gas and electricity prices resulting in higher energy bills. Inflation like this can put a serious dent in household budgets leaving many homeowners to reconsider their plans to build a new home or remodel an existing home.

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7 Common Home Renovation Mistakes to Avoid

BearFotos / Shutterstock.com

Remodeling or upgrading a home you have rather than shopping for a new one is looking good right now because of very high home prices and interest rates and some markets so competitive that it’s hard to buy a home at all.

But remodeling is rarely a simple proposition, either.

Getting the result you want takes more forethought, planning and attention than you might realize. We asked two pros — Bruce Irving, a renovation consultant and real estate agent and former producer of “This Old House” and affiliated TV shows, and Mallory Micetich, home care expert at Angi — to describe common remodeling mistakes homeowners make and how to avoid them.

The following errors can keep you from getting the results you want or force you to spend much more than you planned — or both.

1. Remodeling too soon

Worker renovating a home
Zlikovic / Shutterstock.com

“If it’s

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Home Renovations: A Time-Sensitive Proposition

A recent study by Angi of 1,000 U.S. adults ages 18 and up has found that most homeowners (52%) believe that home renovations and improvement projects will take longer than anticipated.

A report from Statista predicts that U.S. home improvement sales are projected to reach $550 billion-plus this year.

“Over half of our survey respondents believe that home renovation projects are guaranteed to take longer than originally estimated,” said the report. “Fifty-five percent of men and 49% of women surveyed share this belief of never-ending home projects.”

Additional survey findings include:

  • Women are 10% more likely than men to believe DIY renovations save money over hiring a pro.
  • Millennials are 12%-13% more likely to feel that eco-friendly renovations won’t break the bank compared to Generation X and baby boomers.
  • Twenty percent of respondents have no idea about permit requirements for common home renovations.
  • Seventy-four percent of Americans have some
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HomeStars Launches Home Renovation Flexible Refinancing in Partnership with Perch To Help Canadian Homeowners Bring Their Dream Home to Life

TORONTO–(BUSINESS WIRE)–HomeStars, Canada’s largest network of verified home service professionals, is proud to announce a new partnership with Perch, a technology platform offering homebuyers and homeowners the financial insights they need to build wealth through real estate. This first-of-its-kind partnership will help homeowners find flexible refinancing solutions to fund their renovation and home improvement needs.

Through the new partnership, HomeStars offers a refinancing option to Canadian homeowners looking to make home renovations, repairs, or improvements. Homeowners can now receive cash based on the equity in their homes and use these funds for home improvement projects.

“We couldn’t be more excited to partner with Perch and offer Canadian homeowners flexible refinancing options to fund their home renovations. It’s been a difficult year for Canadians, with the volatile housing market and economic pressures making purchasing newer homes less accessible and forcing many Canadians to stay in their homes

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