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Remodel

Less to Move, More to Renovate

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According to the American Express Spending & Saving Tracker, and as reported by Business Wire, “27.8 million Americans, or 12 percent of the population, plan to move this year,” which is a 4 percent decrease from last year’s findings. As a result of more people deciding to stay put, home improvements continue to take place – with spending averaging around $4,000.

“Although there’s little change in the amount of people doing home improvements, there’s a shift in who will complete them,” said Business Wire. It would seem that more homeowners are looking to contractors to take on their home improvement projects. The American Express Spending & Saving Tracker suggests a 6 percent increase in those deciding against a DIY approach. Persons who say they are planning on committing to DIY projects have declined from 72 percent in 2014 to 65 percent.

This year’s top projects include:

  • Redoing a kitchen or bathroom
  • Cosmetic work, like painting
  • Improving landscaping
  • Installing new flooring
  • Building/redoing a deck or patio

Reflecting growing trends in green living, more efficient windows and doors and alternative energy systems are also key home improvements this year.

What projects do you have planned this spring?