Pandemic lockdown spurs home improvement projects
Lastly, there’s another emerging home improvement project that deals more with preventative measures than aesthetics. With the increasing incidence of climate-related disasters, about 25% of homeowners plan to spend on disaster repairs. Markets affected by climate disasters, including Houston, Dallas, Miami and Raleigh, spend between $600 and $2,300 in disaster preparedness home improvements, compared to $300 nationally. Twenty-three percent of homeowners want to spend the colder months taking care of home renovations. The survey found that homeowners would rather complete home renovations during the fall/winter so they can travel in the spring/summer.
- The loan must be used to improve livability or safety versus just cosmetic repairs.
- For areas where the paint may be stained or faded, you should go ahead and re-paint the room.
- Before you go too far down the path to starting the project, make a plan for what you’re going to