This year’s projects may look different compared to previous years, with many homeowners — particularly millennials and Gen Z — opting for DIY solutions to keep costs at bay.
U.S. inflation hit a record high back in June of last year, making everything from food to gas more expensive. Although things have slowed down since then,Despite rising costs, consumers are still carrying on with home improvement projects, according to a survey by
Out of those planning to take on projects this year, the majority expect to complete between one and two projects, while less than 9 percent expect to complete four projects or more.Besides reducing their budgets, about 51 percent of respondents are thinking about postponing their home projects until 2024, citing cost as the biggest factor for this decision.
Although credit cards can be a good option to finance smaller projects, these have an average interest rate of roughlyIf money is tight, consider the following alternatives to finance any unexpected home repairs, as well as planned projects:
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