Amount Spent on Home Improvements

According to the National Association of Realtors….

  • Prior to making a home purchase, buyers often plan to make various home improvements once the purchase is completed.
  • The typical buyer spent $4,350 on home improvement projects within the first three months of their home purchase.
  • Repeat buyers typically spend more than first-time home buyers ($5,330 compared to $3,070).
  • Twenty-eight percent of first-time buyers spent less than $1,000 on home improvement projects.
  • Buyers who purchased new homes typically spend slightly more than those who purchased previously owned homes.
  • Home buyers who plan to stay in their home for one year or less spent the most money on home improvement projects within the first three months ($5,830).
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One response to “Amount Spent on Home Improvements

  1. informative, thanks for share 😀

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