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2017 NZ Houzz & Home Renovation Trends Study
Houzz Research
5 February 2018
Findings from a survey of 1,634 NZ homeowners on Houzz about their home renovations in 2016 and plans for 2017
Recent homebuyers drive renovation activity: Recent homebuyers are taking on larger scope projects than all other home renovators, They are more likely to renovate all of their interior spaces than the average renovator (13 percent versus nine percent, respectively).
2017 ON TRACK TO BE ANOTHER BOOM YEAR: This year is on track to be another boom year for home renovations, with nearly half of homeowners on Houzz planning to begin or continue renovations in 2017 (46 percent).
CASH IS KING: Eighty-one percent of homeowners used cash and savings to fund their projects in 2016. Other paymentmethods include refinancing and credit card usage (19 percent and 16 percent respectively in 2016), with soon to be home sellers nearly twice as likely to use credit cards than long term owners (20 percent versus 12 percent, respectively).
SMART TECH AND HEALTHY HOMES: While design and functionality top the list of renovation considerations (71 percent and 67 percent, respectively), one-third of homeowners consider health concerns very or extremely important to their project (33 percent). Nearly one in five report the same for integrating “green” materials (20 percent) and 13 percent for integrating smart technology.
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Download the Full 2016 Report
2017 ON TRACK TO BE ANOTHER BOOM YEAR: This year is on track to be another boom year for home renovations, with nearly half of homeowners on Houzz planning to begin or continue renovations in 2017 (46 percent).
CASH IS KING: Eighty-one percent of homeowners used cash and savings to fund their projects in 2016. Other paymentmethods include refinancing and credit card usage (19 percent and 16 percent respectively in 2016), with soon to be home sellers nearly twice as likely to use credit cards than long term owners (20 percent versus 12 percent, respectively).
SMART TECH AND HEALTHY HOMES: While design and functionality top the list of renovation considerations (71 percent and 67 percent, respectively), one-third of homeowners consider health concerns very or extremely important to their project (33 percent). Nearly one in five report the same for integrating “green” materials (20 percent) and 13 percent for integrating smart technology.
Download the Full Report
Download the Full Global Report
Download the Full 2016 Report