San Francisco Homeowners Like to Remodel

According to a report from the Harvard Joint Center For Housing Studies residential home-remodeling registered an all-time high in 2016 – $221 billion – and San Francisco is on the of the country’s top-five remodeling markets with homeowners spending an average of $5,030 on improvements, nearly double the national average.

Not surprisingly, the other four top remodeling areas were New York, Denver, Washington D.C. and Boston – also among the country’s most expensive cities.

Analysts believe that as California’s buying market cools somewhat, the home improvements will also moderate.

On the other hand, baby boomers have shown that they prefer to remain in their homes as they grow older and will continue to spend on remodeling.

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