The Home Improvement Industry Has Evolved, Stats Show and Predicts Where It’s Heading In 2022

Home improvement is a big industry and it can be fun to work on, but there are some projects that may not add value to your home. Whether it’s a new front door or a deck, it’s important to choose renovations that will be appealing to future buyers.

The pandemic has brought about an increased interest in home improvement projects. According to the National Association of Realtors (NAR), homeowners who surveyed for its 2022 Remodeling Impact Report stated that their motivations for upgrading their homes included replacing worn-out surfaces, finishes and materials (31%), increasing enjoyment of their homes (30%), adding features and improving livability (20%) and simply wanting a change (16%).

As more people spend more time at home due to pandemic-related social distancing, many have turned to hiring professionals to tackle various home improvement and repair projects. However, many homeowners are hesitant to allow professionals into their homes due to safety concerns over the coronavirus.

Regardless of what the reason, homeowners are spending more on home improvement and remodeling projects than ever before. This article will explore how the industry has evolved, statistics for popular projects and predictions on where it’s headed in the future.

Home improvement is anything that changes the look, feel or functionality of your house. That includes but isn’t limited to painting, resurfacing driveways and sidewalks, installing windows, putting in an addition, landscaping and much more. It’s also important to remember that each state has its own definition of what constitutes home improvement. That’s why it’s important to know before you begin your project what is considered home improvement in your state.

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