Did you most home renovation projects begin in the spring? In our latest Nextdoor study, we explore neighbors' home renovation plans across the U.S.
7 in 10 homeowners plan to make a renovation to their home in the next 12 months. Compared to the average adult, Nextdoor users are 50% more likely to plan to renovate their home in the next 6 months.
Room remodels are the most common type of renovation being considered, with 65% of US adults expecting to complete one.
Updating a home’s style is the top reason for seeking a renovation, followed by enhancing the value of one's home and repairing damage.
1 in 5 expect to spend more than $25K on their project, and a vast majority will tap into their savings in order to finance these projects.
Source: Nextdoor Survey (09/2023)