Respondents who plan on improving their dwellings will spend an average of $9,000. But Minwax said results show that the vast majority (70%) will attempt to update their homes themselves. Just 29% said they planned on hiring a professional.
While it may appear homeowners are never happy with their decor, they are renovating and redecorating for the right reason. Fifty-six percent said one of the main reasons for improving their home was to increase the market value; only 19% admitted it was to keep up with their neighbors.