Survey says 67% of homeowners are planning to renovate in the next six months!

Over 1,500 visitors to the Realtor.com website took part in a survey showing that 67% plan some type of home renovation immediately! 

Additionally, of the two thirds who plan to renovate one or more parts of their home, 20% of them say that they plan on listing their home for sale prior to the end of 2014.

These are the results from the specific questions that were asked:

Most popular reasons for planned home improvements:

  • 32% – To improve the aesthetics and/or enjoyment of the home;
  • 22% – In preparation for putting house on the market;
  • 19% – Recently purchased a home needing renovations; and
  • 11% – To improve the value of the home.

Most popular areas of the home to improve:

  • 61% – Kitchen;
  • 59% – Bathroom(s);
  • 33% – Backyard/patio; and
  • 32% – Exterior of the home.

Range of home improvement budgets for the next six months:

  • 22% – $2,001 – $5,000;
  • 19% – $5,001 – $10,000;
  • 18% – $10,001 – $20,000; and
  • 14% – $20,001 – $50,000.

Range of home improvement budgets in 2013:

  • 20% – $2,001- $5,000;
  • 13% – Up to $500;
  • 11% – $501 – $1,000; and
  • 11% – $1,001 – $2,000.

When do they plan to sell their home?

  • 37% – Not any time in the foreseeable future;
  • 20% – 0 – 6 months;
  • 19% – 1 – 3 years; and
  • 10% – 4 – 6 years.

Ages of survey respondents:

  • 28% – 45 – 54;
  • 26% – 55 – 64;
  • 19% – 35 – 44; and
  • 13% – 22 – 34.

Geographic location:

  • 25% – Southeast;
  • 22% – Midwest;
  • 22% – Northeast;
  • 17% – West; and
  • 13% – Southwest.

Income ranges:

  • 20% – $100,001 – $200,000;
  • 17% – $70,001 – $100,000; and
  • 13% – $50,001 – $70,000.

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2014 New York Law Journal Reader Rankings
Hallmark Abstract Service was nominated 2014 Best Title Agency!


If you would like to cast a vote the link to the ballot is https://www.surveymonkey.com/s/2014ReaderRankings.

Once there, if you would like to only vote in this category, scroll through to Page 10 and the category Best Title Agency is towards the bottom of the page.

Thank you for your vote!

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Written by Michael Haltman, President of Hallmark Abstract Service, New York.

HAS is a provider of title insurance in New York State for residential and commercial real estate transactions specializing in the areas of New York City, Long Island and Westchester.

Remember that you have the right to choose your own title company (click here to learn more)!

If you have any questions you can reach Michael by email at mhaltman@hallmarkabstractllc.com.

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