No. 1 Pandemic-Fueled Home Project? New Furniture
New appliances ranked second, followed by décor, and home improvement tools and products likely needed for do-it-yourself projects.
NEW YORK – Over half of homeowners’ (52%) new hobby? Fixing up the house.
On average, homeowners reported spending $1,349 on home-related purchases since the start of the COVID-19 outbreak, according to a new survey of more than 1,000 homeowners from Cinch Home Services.
The top out-of-pocket expenses went to furniture and then new appliances:
- Furnitures: 54%
- Appliances: 48.5%
- Décor: 47.1%
- Home improvement tools/products: 44.3%
- Electronics: 43.2%
A lot of the furniture increase might not be spent for replacing existing furnishings, however; it may be for outfitting home offices. Nearly three-quarters of workers between the ages of 18 and 74 started working from home since the pandemic, according to a LinkedIn and USA Today survey. About 54%, however, did not have a remote work setup prior to COVID-19. They likely needed to buy some things to get their home office ready.
The top reasons for pandemic-inspired home improvement projects has been to:
- Improve comfort (57.2%)
- A desire to modify the home’s atmosphere (37.9%)
- Get better organized (29.8%)
About 24% of survey respondents – mostly millennials – also said they spruced up the home to improve their mental health while sheltering in.
Source: “Survey: People Weigh in on Their Best Home-Related Purchases During COVID-19,” Cinch Home Services (Feb. 12, 2021)
© Copyright 2021 INFORMATION INC., Bethesda, MD (301) 215-4688