Looking for a renovation? The average person willing to shell out $42,000 for a home renovation
NEW YORK — The average homeowner is willing to pay $42,000 to give their home a facelift. A survey of 2,000 homeowners looked at how to make their home feel new again and reports that most want to update their home’s appearance (69%). Overall, 63 percent agree that their home could use an overhaul.
The survey also shows that six out of 10 homeowners have a specific vision of how they want their home to look, feel and function (62%). Most of these respondents are motivated to make changes in their homes to achieve this vision (77%).
Carried out by OnePoll in collaboration with Andersen Windows & Doors, researchers say, when renovating, 27 percent of homeowners seek to create a more modern space, characterized by sleek surfaces, clean lines, an open floor plan with an abundance of natural light. The same percentage of respondents are looking for a farmhouse-style home and choose a simple design with rustic charm. Almost a fifth of respondents shared that a ranch house is their ideal home style (19%), with a single story and terrace.
For many, a home update would include creating more open space (31%), finding ways to let in more natural sunlight (30%), or changing the shape or size of their windows (29%).
Homeowners want to get rid of that old look
Homeowners prioritize easy aesthetic updates first. When they moved in, some of the first home projects people tackled included paint or wallpaper (36%), flooring (33%) or light fixtures (29%), citing what was there when they bought the home, was old or unattractive. . Others made changes because they just didn’t like how it looked (41% each).
A third of respondents have made changes to their homes to improve function and energy efficiency (34% each). Still, half of homeowners say there are changes they’ve wanted to make to their home since moving in that they haven’t yet tackled (51%). To see also : 10 home renovations that could increase the value of your property.
When considering how they want to renovate their home, respondents prioritize energy efficiency (43%) and better use of space (38%).
“A thoughtfully designed home is one that’s functional for you and your lifestyle, whether you’re the host/hostess, first-time parent, chef-in-training or alfresco enthusiast,” Kristy Howe, vice president of marketing at Andersen Corporation, said in a release . “Tackling home improvement projects that increase functionality—such as changing your interior layout for better flow, adding more windows to increase natural light, or replacing old carpet with hardwood—can change the overall look and feel of your home, make it feel refreshed and new.”
Let there be more light
As they look to the future, respondents would love to update their home with bonus features such as a porch, patio or deck (24%), sliding glass doors that open to the outdoors (22%) or a garden (22%). For now, though, they can stick to the most DIY-friendly task: adding a new coat of paint or wallpaper (47%), with 38 percent agreeing that the small change can help transform a home . This may interest you : Michigan Man Sentenced In Home Improvement Fraud Case.
Others believe that more significant upgrades such as changing the interior layout (32%) or installing new windows (26%) are what will help make a home feel new. When it comes to the kind of updates like installing new windows (67%), closets (59%) or changing the decor of their home (58%), respondents are more likely to call in an expert. This may be because many see windows as one of the keys to a well-designed and inviting home, and most agree that homes that do not have enough natural light feel less inviting (58%).
More than a third of respondents even say they would be happier (38%) and more productive (33%) if they had more natural light at home.
“The impact daylight has on a home goes beyond design style – it makes a space feel brighter, more comfortable and airy, and generally more inspiring,” says Howe. “Increasing our home’s connection to the outdoors through improved natural light also has positive health benefits. Access to natural sunlight has been shown to boost mood and energy and promote quality sleep.”