Home Remodeling Statistics and Trends


You may wonder whether or not to renovate and which projects should take priority. You also may be interested in which upgrades provide the best return on investment (ROI).

A recent Fixr report, Home Remodeling Statistics and Trends of 2023, sheds light on remodeling trends, homeowners’ spending habits, and interior design preferences. 

I guide my clients towards the best decisions. Here are some Fixr facts:

  • Spending on homeowner improvements and repairs grew by 78% from 2014 to 2022, with an increase of $65B between 2021 and 2022 — the highest increase in the past ten years.
  • The median annual spending per household on home improvements is $22,000 — 69% higher than the 2019 median spending ($13,000). 
  • Homeowners invest the most money in HVAC ($56.6 billion) and roofing ($72 billion) projects. 

 

If you’re focused on maximizing your return on investment, check out this chart.

Top 11 projects with the highest ROI in 2023

Project

ROI 2022

ROI 2023

Change from 2022

HVAC Conversion | Electrification

-

103.50%

-

Garage Door Replacement

93%

102.70%

9.70%

Manufactured Stone Veneer

91%

102.30%

11.30%

Entry Door Replacement | Steel

64%

100.90%

36.90%

Siding Replacement | Vinyl

67%

94.70%

27.70%

Siding Replacement | Fiber-Cement

68%

88.50%

20.50%

Minor Kitchen Remodel | Midrange

71%

85.70%

14.70%

Window Replacement | Vinyl

68%

68.50%

0.50%

Bath Remodel | Midrange

59%

66.70%

7.80%

Window Replacement | Wood

66%

61.20%

-4.80%

Roofing Replacement | Asphalt Shingles

60%

61.10%

1.50%

 

Fixr also offers insight into design features like the popularity of wallpaper, mixing materials and textures, and combining neutrals with vibrant colors.

Additional resources to keep you up to date include:

Connie serves all of Franklin, Delaware, Fayette, Licking, Madison, Marion, Morrow, Pickaway, and Union Counties and parts of Athens, Champaign, Clark, Clinton, Fairfield, Hocking, Knox, Logan, Muskingum, Perry, and Ross counties.

Contact Connie Sadowski, Realtor with questions 614-943-0025 see more at ConnieSadowski.com

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