A recent study surveyed 2,500 homeowners from four generations to understand their perspectives on home renovations. The research revealed that although baby boomers are less concerned about affordability, their main worries center on the quality of work and finding reliable contractors. All generations noted similar challenges, with a lack of trustworthy companies being the primary obstacle to undertaking renovations. Fund sources varied, with baby boomers favoring savings, while younger generations considered credit cards and loans. The study also highlighted the generational divide in confidence regarding funding emergency renovations, with baby boomers demonstrating the most confidence.
All four generations agreed that the biggest obstacle to beginning home renovation projects is finding qualified and trustworthy companies/contractors, with the most important factors to all generations for such projects being transparency in pricing and level of service, respectively.
#home-renovation #generational-differences #contractor-trustworthiness #budget-concerns #financial-management
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