What Are Homeowners Planning for 2023?
While the top home improvement projects in 2022 focused on heating-related upgrades, the focus will shift to general household maintenance in 2023. Homeowners want to keep their homes in good condition by doing things like lawn care, house cleaning, and other routine tasks. Listen to this week’s episode (12/30/2022) of You Got This! to hear us discuss these trends.
1. Maintenance
Maintenance tasks ranked first, with 29% of those polled for the State of Home Spending report planning to prioritize routine home maintenance in 2023. Lawn mowing, house cleaning, and landscaping are among the most popular maintenance projects, according to the survey.
The cost of routine maintenance varies greatly depending on the nature of the work. Many home maintenance tasks, such as drywall repair and cleaning or replacing window screens, are do-it-yourself projects that cost little more than your time and effort. However, more time-consuming and difficult maintenance projects, such as gutter cleaning, can cost between $120 and $230 if you hire a professional gutter cleaner near you. Lawn care is another task that many homeowners delegate to a local professional, with local landscapers charging between $100 and $500 per month for routine maintenance.
According to the State of Home Spending report, homeowners will spend nearly $2,500 on home maintenance projects in 2022. That sum covered between seven and eight maintenance jobs, averaging three landscaping jobs, two cleaning jobs, and two other maintenance projects per year.
2. Painting the Interior
Interior painting is the second-most popular home improvement project planned for 2023. Approximately 23% of homeowners intend to paint at least one room in their homes. While interior painting is a do-it-yourself project for handy homeowners, there’s no shame in hiring a professional interior painter. The cost to paint the interior of a house ranges from $950 to $2,900, but you can pay a pro as little as $300 to refresh an average-sized room. You can also do it yourself and only pay for the tools and supplies.
3. Bathroom Renovation
Bathroom remodels are the third-most popular home improvement project for 2023, with 22% of homeowners planning to renovate their bathrooms. There are numerous budget options for this type of project, ranging from a simple vanity upgrade to a complete bathroom overhaul.
Bathroom remodels typically cost between $6,600 and $16,700, depending on the size of your bathroom, its layout, and whether you use high-end materials. You could spend up to $28,000 if you go all out and gut your bathroom from top to bottom. At that price point, you’ll get new floors, an upgraded shower and bath, high-end fixtures, and other amenities.
Most bathroom upgrades are not suitable for do-it-yourself projects, so if you want to tackle this project in the new year, you should contact a professional bathroom remodeler near you.
4. Flooring
In 2023, approximately 20% of homeowners will upgrade their floors. A 500-square-foot room requires approximately $3,000 in new flooring installation. New floors not only improve the look and comfort of any room, but they can also increase the value of your home if you plan to sell it.
The flooring materials you select will have a significant impact on the cost of this home improvement project. Vinyl is the least expensive option, costing between $3 and $7 per square foot, while hardwood is by far the most expensive, costing between $6 and $22 per square foot.
7 flooring material costs were compared, with prices ranging from $3 to $22 per square foot for various types. While it may be tempting to save money by installing new flooring yourself, it is best to hire a local floor installation professional for this type of work. DIY mistakes are common and can end up costing you more money in the long run. Labor fees typically range between $0.60 and $4 per square foot.
5. Kitchen Renovation
You’re not alone if you want to update the heart of your home in 2023. Approximately 17% of homeowners intend to undertake a kitchen remodeling project in the coming year. This is one of the more expensive renovation projects on the list, with a typical kitchen remodel costing between $14,500 and $40,000.
Refinishing cabinets, updating an appliance or two, or installing new flooring or countertops are all examples of small-scale kitchen remodel ideas. Installing a new kitchen sink and faucet is another popular kitchen upgrade. A larger-scale kitchen remodel typically includes a complete redesign of the kitchen, the addition or relocation of plumbing, electrical, and gas lines, the installation of high-end smart appliances, and the installation of a new island or countertops.
10 common costs associated with a kitchen remodel, with cabinetry accounting for 41% of the total cost based on a $22,000 kitchen remodel.
Because a kitchen remodel has such a broad scope, you should contact a local kitchen remodeling company to assist you in planning and carrying out your vision.
6. Smart Home Appliances
It’s no surprise that 17% of homeowners plan to install new smart devices in 2023 as smart technology evolves to help your household run smoothly with the touch of a button—or a simple voice command.
There’s a clever gadget for every household need, from robot vacuum cleaners to smartphone-controlled lights and appliances. There are also ways to incorporate smart home technology into decor for a chic and understated look. You can, for example, hide your technology in decorative boxes or bookcases, or install a sleek charging station in your most-used rooms.
The average cost of installing a home automation system is between $150 and $1,400, with most projects costing around $750. Many devices are simple to install on your own, but for more complex device installations, you can hire a local handyman. If you choose a smart security system, you should consult with a local home security company to ensure that everything is properly installed.
7. Exterior House Painting
About 17% of surveyed homeowners said they plan to paint or stain their home’s exterior next year. This is a mid-level DIY project that is ideal for handy homeowners who are comfortable working on a ladder. Keep in mind that most paint jobs require you to prime and prep your siding first, as well as repair any damage you find. Painting a house as a DIY project can also be time-consuming.
If you’d rather leave this home improvement to a professional, you can hire a local exterior painter to do it for you. Professional house painting costs around $3,100 on average, but it can significantly improve the curb appeal of your home. A fresh coat of paint or stain can also help your siding last longer.
8. Gardening
Let us not overlook the significance of a well-kept yard. According to the survey, roughly 16% of homeowners will embark on landscaping projects in 2023.
Landscaping costs anywhere from $1,300 to $5,800, with the average homeowner spending around $3,450. For more complex projects, such as designing gardens, patios, and walkways, you can hire a landscape architect or designer. If you intend to do any outdoor electrical or plumbing work, tree removal, or digging with heavy machinery, you should also hire professionals.
Adding plants to your existing landscape, trimming shrubs, and mulching flower beds are all inexpensive DIY landscaping projects.
While you may be eager to get started on your landscape vision at the start of the new year, it’s best to put off yard work until April or May. The spring months provide the ideal environment for plants to grow in the summer and fall.
9. Install or Replace Windows
16% of homeowners intend to install new windows or replace old ones in the coming year. Upgrading your windows has numerous advantages, including increased insulation, which can significantly reduce your heating and cooling bills. New windows can also brighten up a room, improve curb appeal, and increase the value of your home.
There are many different types of windows to suit any style and budget. The cost is ultimately determined by the number of windows you want to upgrade, their size, the type of glass you want (single, double, or triple-pane), and the frame material.
Window replacement costs can range from $100 for a single window to $750 for a large triple-pane window with high-end frame materials. On average, most homeowners will spend around $280 per window. A nearby window installer can provide an accurate quote for your window upgrade project.
10 Fencing
About 15% of homeowners intend to install a new fence in the coming year. With so many different fence styles and materials available, the possibilities are nearly limitless. The average cost of installing a fence is around $3,000, but it can range from $1,700 to $4,400 depending on the fence’s height, length, style, and, of course, material.
Some fence installations are do-it-yourself projects for handy homeowners, but you can also hire a local fence contractor to build one for you. Most fence contractors charge around $50 per hour for labor, and depending on the length and type of fence you want, the job could take anywhere from 24 to 72 hours.
Picket fences are excellent for adding curb appeal and growing fence gardens. If you want privacy, a tall board-on-board or lattice fence will suffice. Wood is a classic material with a 20-year lifespan and numerous customization options. Vinyl fencing is a low-maintenance, long-lasting, and cost-effective option.