Homeowners in the Mood To Make Improvements
Whiting, IN, April 11, 2013 -- With the housing market slowly bouncing back in many communities, homeowners are looking to make improvements to their properties, according to a survey by CouponCabin.com.
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The online coupon company said its survey reveals that 32% of U.S. homeowners feel the improving economy is motivating them to make home improvements that they wouldn't have done during the recession.
Overall, 64% of U.S. homeowners report they are at least somewhat likely to make home renovations or improvements like re-tiling a floor, installing new carpet or re-doing a bathroom in the next 12 months.
The survey was conducted online by Harris Interactive.
Some homeowners are more willing to invest in home projects now because they're feeling more secure financially, Couponcabin said. Nearly four-in-ten U.S. homeowners feel the improving the economy has made them less nervous to spend money on home renovations.
The survey revealed how much people are willing to spend.
Under $1,000 – 26%
$1,000 - $4,999 – 49%
$5,000 – $9,999 – 15%
More than $10,000 – 11%