With home prices high and mortgage rates more than double that of last year, fewer Americans are buying homes these days. Instead, they’re choosing to stay put – repairing, renovating and improving the properties they already have to better fit their lifestyle and needs.
In fact, according to data from home services platform Thumbtack, 9 out of 10 current homeowners are planning to improve their property in some way over the next year. Another 65% have plans to turn their existing house into their “dream home.”
As David Steckel, home expert at Thumbtack, puts it, “Home renovations seem to be top of mind right now.”
He’s right: But exactly what renovations do these homeowners have up their sleeves? Here’s what home improvement projects experts say will be trending in 2023.
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