FOSTER CITY, Calif.,
Nov. 18, 2020 /PRNewswire/ --
Modernize.com, a leader in the home improvement and home services
industry, releases results from a recent survey of 5,000 homeowners
conducted between September and October, 2020. The findings
show:
- 76% of respondents will not travel this holiday season
- 28% will pursue exterior home improvement projects
- 17% will pursue both interior and exterior home renovation
projects
Survey responses suggest that nearly half of homeowners may
apply funds to home improvement projects that might ordinarily be
spent on holiday travel. See the complete results: Home improvement
for the holidays
Home renovation spending planned
- 41% plan to spend less than $1,000
- 31% plan to spend between $1,001
and $5,000
- 16% plan to spend between $5,001
and $10,000
- 6% plan to spend between $10,001
and $15,000
- 5% plan to spend more than $15,000
"While our survey shows that almost 40% of homeowners plan to
pay for their improvement projects with cash, the remainder will
seek financing to cover the costs," observes, Cassie Morien, homeowner insights analyst for
Modernize.com. "Fortunately, there are a range of options for
financing home renovations, ranging from home equity lines of
credit to personal loans to credit cards."
Morien is available to elaborate on the most recent homeowner
survey and can discuss options for financing home improvement
projects.
About Modernize.com
For more than 15 years, Modernize
has been a leader in the home improvement and services industry,
connecting homeowners with contractors and other home services
professionals. Modernize operates in more than 15 high-value,
high-consideration home segments, including new and replacement
windows, solar installation, roofing, heating and air conditioning,
siding, bathrooms and kitchens, new and replacement gutters, home
security, and others. The business brings a network of more than
1,000 contractors and professionals across all segments, offering
broad geographical coverage and choice for homeowners.
Modernize is owned and operated by QuinStreet, Inc.
(Nasdaq: QNST), a leader in providing performance marketplace
technologies and services to the FinTech, financial services and
home services industries. QuinStreet is a pioneer in delivering
online marketplace solutions to match searchers with brands in
digital media. The company is committed to providing consumers with
the information and tools they need to research, find and select
the products and brands that meet their needs. Modernize is a
member of QuinStreet's expert research and publishing division.
Company Contact:
Jacqueline
Leppla
Senior Director of Public Relations
QuinStreet, Inc.
Direct +1 775 321 3608
Email jleppla@quinstreet.com
LinkedIn
Twitter: https://twitter.com/ModernizePros
Facebook: https://www.facebook.com/modernizepros
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SOURCE Modernize.com