If 2020 taught us anything, it’s that there’s no place like home.
In the wake of the pandemic, many Americans took advantage of low interest rates (and the money they normally spent on entertainment and travel) and made some significant investments into their homes.
By the numbers:
- A recent survey by Porch.com revealed that three out of four surveyed homeowners had completed “a major project since the start of the COVID-19 pandemic.”
- The number of homeowners extending or adding additions to their abodes increased by 52%.
- HomeAdvisor reported that homeowners in 2020 spent on average $745 more on home improvement projects than in 2019.
Home improvement projects can add to the value of your home. So if you’ve made any recent updates, you should call your insurance agent. (Seriously, the before and after photos of your new kitchen on Instagram can wait.)
Read more: erieinsurance.com