KITCHENS TOP RENOVATION LISTS: Kitchens were the most frequently renovated room during interior remodels with nearly one third of renovating homeowners taking on kitchen (33%) followed by living/family rooms, master bathrooms and master bedrooms (31% 28% and 27% respectively).
MORE DELIBERATE PLANNING AND BUDGETING: Overall renovation activity remained steady in 2017, with 36% of homeowners renovating their homes, at a median spend of ₹3,00,000. Over the past two years, homeowners have become more deliberate in planning and budgeting for renovations and were four percent more likely to set a budget in 2017 than in 2016 (86% and 82%, respectively).
CASH REMAINS KING: When it comes to funding renovations, cash continues to be the most popular form of payment (88%), followed at a distance by credit cards and personal loans from friends/ family (13% and 12%, respectively).
HOME PROFESSIONALS IN HIGH DEMAND: Nearly all of renovating homeowners chose to hire a home professional for their renovation needs (98%). Civil engineers and general contractors were the most popular (33%), followed by architects and interior designer/decorators (19%, each).
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MORE DELIBERATE PLANNING AND BUDGETING: Overall renovation activity remained steady in 2017, with 36% of homeowners renovating their homes, at a median spend of ₹3,00,000. Over the past two years, homeowners have become more deliberate in planning and budgeting for renovations and were four percent more likely to set a budget in 2017 than in 2016 (86% and 82%, respectively).
CASH REMAINS KING: When it comes to funding renovations, cash continues to be the most popular form of payment (88%), followed at a distance by credit cards and personal loans from friends/ family (13% and 12%, respectively).
HOME PROFESSIONALS IN HIGH DEMAND: Nearly all of renovating homeowners chose to hire a home professional for their renovation needs (98%). Civil engineers and general contractors were the most popular (33%), followed by architects and interior designer/decorators (19%, each).
Download the Full Report
Download the Global Report