Read our editorial process to study more about how we fact-check and keep our content correct, dependable, and reliable. Homeowners also invested in making their properties extra useful and secure. Roughly a quarter of the survey participants upgraded their plumbing and/or electrical techniques in 2020, initiatives that often value about $1,000 every, according to the research. One in five House & Home Improvement News owners put in home safety systems over the past 12 months, a share that’s double what it was 5 years ago. And with a median spend of $400, it is one of the least expensive updates on the listing. Owner-occupancy or home-ownership is a type of housing tenure in which an individual, called the owner-occupier, owner-occupant, or home proprietor, owns the home by which they live.
- During the renovation, some lenders may cost a monthly charge or a higher fee, however that is momentary and can