Home Improvement For 2010 According to American Express
Today I came accross a survey American Express conducted regading the future of consumer spending for home improvement.
Here’s an excerpt from the article:
Investment in Home Improvement
Eighty-five percent of homeowners consider their homes to be their most valuable asset and are more than twice as likely as renters to invest in home improvement projects this year (62% versus 24% respectively). Young professional (86%) and affluent (72%) homeowners will embark on these projects more so than the general population of homeowners this year. On average, across the three homeowner groups, the amount spent on property enhancements will be:
- $6,200 among the general population
- $6,100 among young professionals
- $11,500 among affluents
The article contains a lot more statistics that are very interesting.
Let me know your thoughts.
If you would like to read the entire article, click on the following link: http://home3.americanexpress.com/corp/pc/2010/homeowner_tracker_print.asp