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60 Percent Of Homeowners Plan Summer Home Improvement Projects

Stocks in this article: Z

SEATTLE, June 21, 2013 /PRNewswire/ -- More homeowners are choosing to stay in their homes and invest in home improvements due to tight inventory and the fact that more than 25 percent of homeowners nationwide are underwater on their mortgages[i]. To make the most of their current surroundings, 60 percent of homeowners plan to make a home improvement or addition this summer, according to the Zillow® Digsā„¢ Summer Home Improvement Trend and Spending Survey[ii].

"Zillow Digs is a leading resource for discovering up-and-coming design trends as actual consumers and professionals are sharing and discussing what they like," said Cynthia Nowak, Zillow Digs trend expert. "As we head into the long days of summer, we are seeing increased interest in outdoor spaces with very natural elements such as stone fireplaces, as well as bringing more light into bathrooms with clear glass on the walls and shower enclosures."

Home improvement projects and spending varies by age and life stage

Younger homeowners and homes with children are significantly more likely to be planning a home improvement or addition this summer.

  • 18-to-34-year-olds: 71 percent
  • 35-to-54-year-olds: 61 percent
  • 55 and older: 51 percent
  • Homes with children: 65 percent
  • Homes without children: 57 percent

Homeowners plan to spend a median of $1,200 on summer home improvement projects. Sub-groups of homes with children as well as homeowners 54 years of age and younger plan to spend one-third more ($1,500) compared to homes without children and those 55 and older ($1,000).

Summer home improvement trends: Back to nature and classy glass

The survey found that some of the most popular summer home improvement projects are outdoor spaces (40 percent) and bathrooms (17 percent). Younger respondents and homes with children are significantly more likely to be planning three or more home improvements this summer.

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