The last few years have seen major changes in our lifestyles and spending, and our homes are no exception. Angi’s Household Expense Report for 2022 shows how things have changed this year, and what you can expect for 2023.
The single biggest impact on home spending in recent years has, of course, been the pandemic. As homeowners hunker down in their homes for most of 2020, they are thinking less about how home improvements can affect value, and instead how they will change and improve their lifestyles as everyone stays home more.
Now that many pre-pandemic activities and behaviors have returned, how has this affected household expenses? Angie surveyed 6,500 consumers to determine what is most important to them. It turns out that lifestyle needs are still the main driver. Prior to 2020, “return on investment” was the top motivator for home improvement spending in the Angi survey. This year,