Over Half of Home Buyers Remodel
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Over Half of Home Buyers Remodel
More than half of recent home buyers took on remodeling projects within three months of their home purchase, according to a National Association of Realtors survey of people who bought a home from late 2005 to early 2007.
The typical buyer spent $4,350 on home improvement projects within the first three months of buying the home. Repeat buyers spent more than first-time buyers.
Nearly half of home buyers remodeled or made improvements to their kitchen.
Close to half remodeled or improved a bathroom in that time frame.
SOURCE: National Association of Realtors
