Fixr
Most homeowners are obliged to spend on their homes fairly constantly, whether for general home maintenance or for more intensive improvements. We look at both the average costs of maintenance and the most common forms of improvement, to give a better idea of where the industry should be focusing in the coming year. Seeing as the house retail and new build markets are still in a bit of a slump, we also looked at homeowners that chose to do a gut rehabilitation which may become more popular as the more cost-effective option.
A Look at Home Based Expenditure According to the Figures
We used data from the U.S Census Housing Survey of 2017 released this September to create the three visuals in the above graphic, namely expenditure on home maintenance, the number of homes that have had a gut rehabilitation and the top three reasons for home improvements. The first shows home maintenance spending can fall anywhere from $0 to more than $2400 per year. 33% of homeowners polled spent $200-$599 on maintenance, this bracket was by far the largest with the next bracket representing only 16% of the polled who spent $600 to $1,199, 14% of those polled said they did not spend on any maintenance, 10% said they spent $1,200 to 2,399 and 8% represented the highest and lowest brackets, with the highest spend being $2,400 or more and the lowest spend only $200 or less.
