Homeowners spent more on home improvement between February 2016 and February 2017 than they did between February 2015 and February 2016, according to HomeAdvisor’s True Cost Report. Why does this matter? Because it not only reflects that homeowners are feeling confident in the economy but are also feeling confident in their financial ability to make investments in their homes.
Between February 2016 and February 2017, homeowners spent an average of $1,850 on home improvement projects. With that being said, we’ve rounded up some of the national averages of home repair and home improvement costs so you’ll know what you can expect to pay when you’re planning and budgeting for your next project.
*National averages found via the HomeAdvisor TrueCost Guide.
Keep in mind that these are national averages. The quality of supplies and the cost of labor can vary immensely depending on the time of year and your home’s location.
If you’re planning to complete several home improvement projects or a home renovation, download our free Rehab & Construction eBook for ways to incorporate the costs of your improvements into your mortgage.