Home renovation spend up 26% reports Houzz

The average spend of renovation increased by 26%, year-on-year, according to platform for home design Houzz.

28 May, 25

The average spend of renovation increased by 26%, year-on-year, according to platform for home design Houzz.

Home renovation spend up 26% in 2024

According to the 2025 UK Houzz & Home Study, more than half of homeowners renovated their homes in 2024 (51%) at an average spend of £21,440.

The study of more than 1,000 UK respondents found the average spend increased 26% year-on-year, up from £17,000 in 2023.

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Additionally, the top 10% of renovating homeowners spent £169,000 on home renovations.

With 53% of renovating homeowners residing in homes built in 1940 or earlier, repairs and system upgrades have been a key focus.

Nearly 2 in 5 homeowners undertook home repairs (39%) in 2024.

Of those who renovated, more than 2 in 5 homeowners upgraded heating systems, closely followed by plumbing and electrical (43%, 42% and 39%, respectively).

The research also found home renovation activity is expected to continue into 2025, with 3 in 5 of the surveyed renovating homeowners planning to decorate (60%) and almost half planning to renovate (49%) this year.

Interestingly, it also found renovating homeowners are committed to living in their homes long-term, with 3 in 5 planning to stay put for at least 11 years following their project (61%).

It may account for why consumers are prepared to spend over a quarter more on home renovations.

“While rising costs for goods and services are influencing renovation spend, activity remains stable,” said Marine Sargsyan, staff economist at Houzz.

“With almost half of homeowners planning renovations, it suggests that the need to update ageing housing stock continues to fuel demand for home improvements.”

The 2025 UK Houzz & Home survey was sent to registered users of Houzz and fielded in March – April 2025.