According to the survey, the kitchen was the most generally updated room of the home, with 27% of respondents completing a kitchen remodel or addition in 2020. The median value of these renovations was $12,000, however for kitchens bigger than 200 sq. feet, the typical spend on major remodels was a whopping $40,000. Census American Housing Survey and explored the number of homeowners who refinanced to fund renovations. We also checked out the place refinance renovations surged in the U.S. and the sorts of renovations and enhancements that householders prioritized.
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