10 Most Popular Home Remodeling Projects—and How Much They Cost
When the pandemic hit in 2020, people had no choice but to stay in their homes. According to the U.S Bureau of Labor Statistics, the number of employees working from home nearly doubled during the COVID-19 pandemic, rising to 42%. All that time spent at home led to a burst of pandemic remodeling—home improvement spending rose over 25% to an average of $10,341 per household in 2021.
With record-high home prices in many areas of the country, some homeowners opted to take out home equity loans to improve their existing homes instead of trying to wade into an overheated market. And as the average 30-year fixed mortgage interest rate inched up after hovering between 3% and 4% for much of the pandemic, it was even pricier to buy a home.
As many homeowners turned to remodeling to build their dream projects, Angi ranked the most popular home renovation projects of 2021 using data from its State of Home Spending report. The report relied on a survey of 5,000 homeowners and was post-sample weighted to balance the sample against general population statistics for age, gender, and income to determine average spending and project volume.
Whether you’re in the midst of a renovation or merely curious about how feasible your dream remodeling project might well be, this list has got you covered.