Home Improvement Trends Among Millennials

Millennials have taken to home improvement projects like never before, driving billions of dollars into the market. It’s a comforting investment in unsettling times.

Home improvement spending is expected to rise in 2021, according to an Axiom survey. In the survey, consumers were asked about their recent projects, and about their plans for home improvements in the next year.

According to the survey, more than half of respondents intend to hire a professional for at least some of their projects. However, a quarter of respondents plan to do their own projects.

The number of people putting up fences and building decks has risen sharply. This is due to the fact that homes need more repairs and remodeling.

The home improvement industry is a lucrative one, and is expected to grow at an annual rate of 4%. Major vendors compete on price, premiumization, and differentiation. New players are entering the market, bringing with them increased competition.

The average home improvement spending is the highest it’s been in seven years, according to Angi. This is a positive sign for professionals.

Home improvement projects can be carried out to increase the value of your home or improve its safety. They can be done in one lump sum or over a period of time.

Home improvement projects can include landscaping, resurfacing pavement, installation of central heating or air conditioning systems, installing security protection devices, and repairing or updating driveways, porches, garages, and fences. It’s important to find a qualified contractor who has experience with the type of work you’re seeking.