It’s been more than a year since the world as we knew it drastically changed. It’s been a rollercoaster of a ride, with travel ground to a halt and nearly empty restaurants and buildings. However, with a majority of non-essential workers stuck at home, home improvement projects have skyrocketed as people have needed to remodel space for work, school and even replace aging plumbing systems — which of course means more opportunity for service contractors.
According to HomeAdvisor’s 2020 State of Home Spending report, the average home services spending for households who took on projects rose to $13,138, an increase over 2019 survey results where homeowners spent $9,081 on average. While increasing costs of supplies and labor factored into the increase, the survey also found homeowners were spending more as well.