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 highes...