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All of a sudden, many people were spending more time in their homes than ever before.
In fact, according to theU.S.
Census Bureau, the number of people primarily working from home tripled between 2019 and 2021.
A wave of increasedhome renovationsin an effort to make spaces more functional and comfortable.
This represents a 33.6% increase in spending over just four years.
With home renovation spending on the rise, more Americans are choosing to stay put rather than move.
Also seethe most common home renovations and whether they help or hurt a homes value.
As a result, homeowners are focusingmore time and resourceson home renovations in their existing homes instead.
Here aresome important statisticsto note about why homeowners are choosing to renovate their homes.
So just how much are homeowners expected to spend on home renovations in 2025 and is it too much?
To determine whether or not youre spending too much on home renovations, ask yourself the following questions.
If you answered yes to these questions, then renovating your home might be a great idea.
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