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Current Trends In Renovation Costs According to the report, renovation expenditures will fall by 14% between 2022 and 2023. The study predicted that renovation spending will exceed $450 billion in the first quarter 2023, but then cool off shortly after. Owner-occupied housing stocks are expected to grow only modestly in 2023.
Every 15 to 20 Years The average period will be determined by the condition of your home. If your house is in good shape, you should renovate it every 15 to 20 year. Take the time to assess your home before you start a remodeling project.
Renovations to a house can cost between $10 and $60 per square foot.
You might be surprised to learn that the best time for planning a home renovation is actually one year before you receive your keys. Why so early? It pays to plan ahead and think carefully when making major life decisions. You're going to have to live there for many years.
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