More Homeowners Are Choosing to Remodel Existing Homes Rather Than Buying New
The Pro Builder
JUNE 12, 2024
As home prices continue to increase, renovations of existing homes are becoming a popular option among homeowners. According to Fox Business, almost 63% of homeowners would rather renovate their current homes than buy new ones. However, about one-third of those surveyed would still prefer to purchase a new home instead of remodeling. The primary reason homeowners avoid remodeling is the high cost, and about 56% of homeowners who renovate exceed their budgets.
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