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Americans are unprepared for home repair costs

November 12, 2018 / Alcynna Lloyd

As affordability concerns continue to haunt homeowners across the country, many are choosing to remain in their homes, prompting a surge in the home renovation market. In fact, data from Buildfax states that within the past five years, home remodeling has increased by about 30%. Furthermore, data from NerdWallet’s latest Home Improvement Report revealed that from 2015 through 2017, Americans worked on 113 million home improvement projects, spending $449.5 billion.