If you’re wondering whether now is the time to put to use all those skills you’ve learned from watching home improvement shows, you’re in good company: According to the recent “The State of Remodeling in the U.S.” report from House Method, an online resource for home improvement and maintenance, 60% of homeowners have become DIYers.
It’s apparently a good decision for most, as 57% of homeowners saw their home’s appraisal value increase by over $7,500.
While 93% of homeowners reported a better quality of life after their home projects were completed, it turns out staying within a budget is the hardest task of all. The report noted that 9% of homeowners exceeded their renovation budget by $1,000 while 38% of homeowners went over by $5,000, Alarmingly, 19% overshot it by more than $10,000. Yikes.
Experts say that if you’re concerned about spending money right now, you don’t have to necessarily postpone a project. The good thing about home improvements is that there are usually “good, better and best” options for finishes, appliances and other renovation elements. Choosing a “better” instead of the “best” option, for example, is a way to scale back.
—
Photo Credit: Christine Glade / Shutterstock.com