Findings from a survey of 46,118 users, including 24,667 renovating U.S. homeowners on Houzz about their home renovations in 2022 and plans for 2023
Homeowners Renovate for the Long Run: More than 3 in 5 homeowners (61%) stated that they plan to stay in their home for 11 years or more following their renovation in 2022. Additionally, the share of homeowners undertaking renovations with a plan to sell their home soon has declined by half since 2018 (6% this year compared with 12% in 2018). Renovation Activity Continues: Nearly 3 in 5 homeowners remodeled or decorated in 2022 (58% and 57%, respectively),and nearly half made repairs (48%). The median spend for home renovations in 2022 was $22,000, whereas the median for higher-budget updates (with the top 10% of spend) reached $140,000 or more. Renovation activity is continuing in 2023, with more than half of homeowners (55%) planning projects this year, and with an anticipated median spend of $15,000 (or $85,000 for higher-budget projects). Kitchens and Bathrooms are the Main Attractions: Interior spaces are the most popular areas to renovate (72%), and homeowners tackle an average of nearly three interior projects at a time. Kitchen and bathroom remodels remain the top projects, and a larger share of homeowners upgraded these spaces in 2022 (28% and 25%, respectively) compared with 2021 (27% and 24%, respectively). Kitchens and primary bathrooms also command the highest median spend: $20,000 and $13,500, respectively. Construction and Design Pro Hiring Jumps: While homeowners hired specialty service providers most frequently in 2022 (46%), construction professionals —such as general contractors and kitchen or bathroom remodelers — came in a close second (44%). The share of homeowners who relied on construction pros grew by 6 percentage points (from 38% in 2021), as did the share relying on design-related pros (growing from 20% in 2021 to 26% in 2022). Baby Boomers Lead in Renovation Activity: Baby boomers continued to lead in renovation activity (59%), followed at a distance by Gen Xers and Millennials (27% and 9%, respectively). That said, Gen Xers surpassed Baby Boomers in median spend for the first time in 2022 ($25,000 versus $24,000, respectively). Aging Homes Call for System Upgrades: As the median home age in the U.S.continues to increase, homeowners are focusing on home system improvements. Nearly 3 in 10 homeowners upgraded plumbing in 2022, with electrical and home automation close behind (29%, 28% and 25%, respectively). Electrical upgrades gained 4 percentage points in 2022 after remaining stable at 24% for the previous two years. Among typical home system upgrades, cooling and heating systems commanded the two highest median spends in 2022 ($5,500 and $5,000, respectively), and are undertaken by more than 1 in 5 renovating homeowners.
The 2023 U.S. Houzz Home Study Renovation Trends offer fascinating insights into the evolving design preferences for home offices. The rise of multifunctional spaces reflects the shift toward productivity and comfort. For students juggling coursework, a well-organized study area can enhance focus, just as choosing the right support, like cheap assignment help, can alleviate stress. As home renovations continue to prioritize comfort and efficiency, optimizing study environments is more important than ever.