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How Homeowners Are Funding Renovations Amid Rising Costs and Sinking Budgets
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How Homeowners Are Funding Renovations Amid Rising Costs and Sinking Budgets

Family Handyman·Rebecca Wright·about 1 month ago
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Whether it’s needing to manage repairs, refresh your space, or expand it due to life changes,  renovations are a huge commitment. And in a time where everything seems to be getting more and more expensive, it can often feel like even the necessary updates are out of reach. Houzz recently released the findings from their 2026 Renovation Trends survey where they looked at what kinds of updates homeowners are making compared to previous years, as well as how much they’re spending and how exactly they’re financing these changes. So if you’re trying to budget for your own renovations, read on to see what other homeowners have been doing. Key Findings First and foremost, the Houzz study found that “home renovation activity is continuing at levels seen in recent years.” 54% of homeowners reported renovating, 52% reported decorating, and 47% reported taking on repairs. The median spending is also holding steady, sitting at around $20,000. High-end spending, however, has increased.…

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