How the Housing Market Is Influencing Renovation Decisions
High mortgage rates and steep home prices are keeping many homeowners from moving, pushing them to renovate instead of relocate. With most mortgages locked at low rates, people are using home equity loans and HELOCs to fund projects.
Rising costs from inflation, tariffs, and labor shortages mean homeowners are focusing on smaller, high-ROI upgrades like front doors, windows, and kitchen/bath refreshes—while avoiding luxury add-ons that don’t pay off.
Current buyer demand also shapes renovation choices: energy efficiency, smart tech, flexible layouts, and outdoor spaces are the most sought after.
In short: the housing market slowdown has shifte now the