Finances at Four: Paying for Home Renovations

The time for home improvements has never been more relevant, whether it’s something you’ve been desiring or something you’ve been unfortunately forced into.

From the first things to tackle to smart financial solutions, such as LightStream, to help you do it, in time, on budget and with less worry.

FAST FACTS:

  • Three-in-five homeowners (60%) wish they had more space in their home.
  • Almost half (47%) of homeowners say their space is being utilized differently since the onset of COVID-19.
  • Over two-thirds (69%) of homeowners say spending more time at home due to the pandemic has made them want to make upgrades to their home.
  • Of those undertaking home improvement projects because of COVID-19, the top projects they’re taking on include a new or upgraded kitchen (33%) new or upgraded outdoor spaces (27%) and a new or upgraded home office (26%).
  • Those households which have increased in size during the pandemic are more likely than those whose households decreased/stayed the same to have home improvement plans for 2021 (56% vs. 37%).

To learn more about LightStream, click here.

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