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With home renovations taking precedent over home purchases, we expect to many incredible projects this year.

Each spring, homeowners begin the season with lofty plans for their homes. Along with the warmer weather come plans to revamp exterior landscaping, remodel interior spaces, or just to move to a new home altogether. This year however, many more homeowners are planning to spruce up their homes than move to a new one.

According to a recent report from Appliance Magazine, a mere 10 percent of homeowners plan to move this year, while a whopping 70 percent are planning to make improvements to their homes. That percentage has increased from last year, when 64 percent of homeowners reported renovation plans. Of the 70 percent, 58 percent plan to focus on the indoors and 35 percent have plans for their outdoor spaces.

For those that have plans for the year, many are choosing to focus on the big updates. These include purchases such as cosmetic work, new furniture, organizational systems, and new landscaping.

Are any of you expecting to see an increase in projects this year? Share your thoughts with us in the comment section below.

Image via younghouselove

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