Home renovators in the U.S. 2023, by generation

In 2023, 56 percent of homeowners who renovated their home were from the Baby Boomer generation in the United States. In 2023, American homeowners said that they decided to renovate because they wanted to do it all along and finally had the time or financial means to do it.

Home renovation

Home renovation is when homeowners choose to remodel their home. These changes can be exterior or interior, as well as property improvements. Renovating a home can also include adding amenities or fixing what is already there. Home maintenance is a vital aspect of being a homeowner, so the home remains safe to live in. However, there are also aesthetic purposes to home renovations.

How many Americans hired professionals?

One can decide whether or not they would like to hire help for their renovations. While deciding to renovate by yourself can be cost effective, it might not always be the safest or most practical way. However, the amount of homeowners who decided to hire a general contractor to help with their renovations has decreased since 2015. However, these renovations come at a price. The leading reason for renovation projects going over budget in 2017 was because homeowners decided to buy more expensive products or materials.