Baby Boomers Are Making Home Renovation a Priority

Baby Boomers Are Making Home Renovation a Priority

Home renovation remains a popular activity for owners, particularly among older age groups. Baby boomers accounted for more than half of renovating homeowners in 2019, according to a newly released survey of more than 87,000 respondents by Houzz, a home remodeling and design website. Gen Xers (ages 40 to 54) trailed at nearly a third of home renovators and millennials (ages 25 to 39) were at about 12%.

Baby boomers tend to spend the most on their renovations—a median of $15,000 in 2019 on home renovation projects, the Houzz survey shows. Gen Xers spent $12,000 and millennials spent $10,000 on their renovation projects…. Read More