Median Renovation Spend Rises Significantly: The median spend* on renovations rises 26% year-on-year, to £21,440. The top 10% of renovating homeowners spent £169,000 on home renovations.
Renovation Activity Continues: More than half of homeowners renovated their homes in 2024 (51%), and 3 in 5 completed decoration projects (60%). This is set to continue into 2025, with more than half of the surveyed renovating homeowners planning to decorate (60%) and almost half planning to renovate (49%) this year, both figures similar to those cited last year (59% and 49% in 2023).
Ageing Homes Drive Renovations: With 53% of renovating homeowners residing in homes built in 1940 or earlier, repairs and system upgrades are a key focus. Nearly two in five homeowners undertook home repairs (39%) in 2024. Of those who renovated, more than two in five homeowners upgraded heating systems, closely followed by plumbing and electrical (43%, 42% and 39%, respectively).
Pro Hiring Remains Widespread: More than 9 in 10 homeowners (94%) choose to work with a pro in 2024. Speciality service providers such as electricians (59%) and plumbers (56%) were the most commonly hired. Notably, demand for cabinetry professionals rose by 8 percentage points year over year to 27%, while hiring of painters, roofers, and architects also increased, each by 5 percentage points (41%, 31%, and 25%, respectively).
Long-term Commitment to Our Homes: Renovating homeowners are committed to living in their homes long-term, with 3 in 5 planning to stay put for at least 11 years following their project (61%). Pent-up demand continues to be the strongest motivator for home upgrades, with renovating homeowners reporting they finally have the financial means and time to pursue a renovation (36% and 33%, respectively).
Savings Stay Strong: The majority of renovating homeowners continued to rely on savings to fund their renovations (83%), followed by proceeds from a previous house sale (20%) and credit cards (13%). The use of gifts or inheritance saw a modest increase, rising to 12% from 9% in 2023.
* Median spend is the midpoint level, meaning half of renovating homeowners on Houzz spent more and half spent less.Download the entire study 
Renovation Activity Continues: More than half of homeowners renovated their homes in 2024 (51%), and 3 in 5 completed decoration projects (60%). This is set to continue into 2025, with more than half of the surveyed renovating homeowners planning to decorate (60%) and almost half planning to renovate (49%) this year, both figures similar to those cited last year (59% and 49% in 2023).
Ageing Homes Drive Renovations: With 53% of renovating homeowners residing in homes built in 1940 or earlier, repairs and system upgrades are a key focus. Nearly two in five homeowners undertook home repairs (39%) in 2024. Of those who renovated, more than two in five homeowners upgraded heating systems, closely followed by plumbing and electrical (43%, 42% and 39%, respectively).
Pro Hiring Remains Widespread: More than 9 in 10 homeowners (94%) choose to work with a pro in 2024. Speciality service providers such as electricians (59%) and plumbers (56%) were the most commonly hired. Notably, demand for cabinetry professionals rose by 8 percentage points year over year to 27%, while hiring of painters, roofers, and architects also increased, each by 5 percentage points (41%, 31%, and 25%, respectively).
Long-term Commitment to Our Homes: Renovating homeowners are committed to living in their homes long-term, with 3 in 5 planning to stay put for at least 11 years following their project (61%). Pent-up demand continues to be the strongest motivator for home upgrades, with renovating homeowners reporting they finally have the financial means and time to pursue a renovation (36% and 33%, respectively).
Savings Stay Strong: The majority of renovating homeowners continued to rely on savings to fund their renovations (83%), followed by proceeds from a previous house sale (20%) and credit cards (13%). The use of gifts or inheritance saw a modest increase, rising to 12% from 9% in 2023.
* Median spend is the midpoint level, meaning half of renovating homeowners on Houzz spent more and half spent less.
Download the entire study