Homeowners Are Using Cash to Pay for Their Home Improvement Projects

HomeAdvisor’s Quarterly Trend Report provides data for home projects, project financing, and interior design trends for Q2 2014.

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Homeowners are investing in their homes, not to sell, but to increase value and quality.

Golden, CO (PRWEB) July 18, 2014

Data* released today from HomeAdvisor’s second quarter Home Repair, Maintenance and Improvement Quarterly Trend Report shows most homeowners surveyed (57.9%) paid for their last home project with cash. Additionally, 45 percent of the requests nationally were for addition and remodeling projects, such as bathroom and deck renovations. The report provides trends for the type of home projects homeowners are designing, budgeting for, and completing. The reports are available on a national level as well as regionally for Chicago, Dallas, Boston, Denver and Sacramento.

In the second quarter of 2014, data nationally shows that 47 percent of homeowners surveyed said they were more likely to put money into their home now to increase value than they were 12 months ago. Additionally, 78 percent of homeowners are completing home improvement projects to increase their quality of life. Of the cities that data was collected from, Dallas had the highest percentage (45.28%) of addition and remodeling requests. Data also shows an increase in home improvement requests in Dallas, Denver and Boston, with Boston receiving the largest increase of 6.35 percent quarter-over-quarter.

“While maintenance and repair projects lead the requests in numbers, large home improvement projects, such as remodeling a bathroom and building a deck demonstrate homeowner confidence,” said HomeAdvisor CEO Chris Terrill. “Homeowners are investing in their homes, not to sell, but to increase value and quality.”

More than half of the projects requested nationally (55%) focused on maintenance and repair projects. Top tasks include repairing, installing or replacing electrical switches, and repairing or replacing faucets, fixtures and pipes. Of the cities data was collected from, Sacramento had the highest percentage of repair and maintenance projects requested (54.4%).

For interior design trends, the most common style was a transitional style and the most popular room to design was the kitchen. The most common types of countertop and flooring materials were granite and hardwood.

The data was collected from over 650,000 service requests received through HomeAdvisor.com from April- June 2014. The data was divided into two categories: additions and remodels or maintenance and repairs. Additional information was provided by HomeAdvisor’s tools Cost Guide and DesignMine, as well as a survey conducted on behalf of HomeAdvisor.

Visit HomeAdvisor’s website to view the complete Quarterly Trend Report which includes home project data, design data, and home tips nationally as well as regionally. Data from the first quarter of the Quarterly Trend Report can also be viewed.

About HomeAdvisor
HomeAdvisor is a leading website and mobile app provider offering resources for home repair and improvement projects. HomeAdvisor’s patented ProFinder technology matches homeowner projects to the nation’s largest network of over 80,000 pre-screened, customer-reviewed home improvement professionals. Homeowners can make informed home project decisions using resources including: Pro Reviews, featuring reviews from homeowners who have actually been connected with the service professionals they review; Cost Guide, providing average costs for projects coast-to-coast; DesignMine, providing inspiration and collaboration for remodeling projects; as well as robust home tips and project planning tools. Access to all of the site’s features is free for homeowners, with no membership or fees required. HomeAdvisor is based in Golden, Colo.

Media Contact:
Brooke Gabbert
Senior Director, Corporate Communications
bgabbert(at)homeadvisor(dot)com
Direct: 303.963.8173

*The Quarterly Trend report data is based on the number of service request submitted to HomeAdvisor.com from April 1- June 30, 2014, the number of unique visitors to Cost Guide pages from April 1-June 30, 2014, the photos that have been viewed on DesignMine from April 1- June 30, 2014 and a survey completed by Survey Monkey on behalf of HomeAdvisor from June 17-19, 2014 with 515 homeowners responding.


Contact

  • Brooke Gabbert
    HomeAdvisor
    +1 (303) 963-8173
    Email
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