REI Wealth Magazine #63 - Highlighting Our Philadelphia Summit | Page 53

Now that we have established which rooms will most likely receive a makeover , let ’ s see which U . S . states will spend the most on renovations .
• Americans from New Jersey spend the most on home improvements , approximately $ 4,634 per year
• Homeowners and renters from Maryland and Massachusetts come in second and third place , respectively
• Kitchen and bathroom renovations are the most popular home improvement projects in the U . S ., with 1.8 million Instagram posts featuring the hashtag # kitchenrenovation and 1.4 million # bathroomrenovation hashtags posted

In a digital age where inspiration is just a scroll away , Instagram has become a treasure trove of home renovation ideas .

Real estate experts at AgentAdvice . com have analyzed data detailing expenditures per household on home improvements from the Census Business Builder . In addition to collecting average home improvement spending data in each state , Instagram hashtag data was collected for various rooms in the home to establish the most popular types of home renovations .
Below are the top eight most popular home renovations , according to Instagram :
1 . Kitchen renovation ­ 1,800,000 posts 2 . Bathroom renovation ­ 1,400,000 posts 3 . Basement renovation ­ 84,400 posts 4 . Bedroom renovation ­ 63,300 posts 5 . Livingroom renovation ­ 30,500 posts 6 . Garage renovation ­ 17,200 posts 7 . Dining room renovation ­ 5,000 posts 8 . Home office renovation ­ 1,000 posts
1 . New Jersey – $ 4,634.24
New Jersey comes in first place with an average spend of $ 4,634.24 on home improvements per household annually . This amount will most likely be spent on kitchen , bathroom or basement renovations . The average kitchen renovation in New Jersey , Middle Atlantic , could range from $ 27,966 for a minor remodel to $ 164,263 for a major upscale kitchen remodel . Bathroom renovations could cost anywhere between $ 25,468 to $ 78,935 .
2 . Maryland – $ 4,516.97
Maryland takes second place , with homeowners spending a yearly average of approximately $ 4,516.97 on home repairs . The average kitchen renovation in Maryland , South Atlantic , could range from $ 27,279 to $ 155,709 , depending on how elaborate the kitchen will be . In the same region , bathroom remodels can cost from $ 24,952 for a mid­range remodel , to $ 77,567 for an upscale renovation .
3 . Massachusetts – $ 4,473.61
Massachusetts comes in third place , with an average of $ 4,473.61 spent on home renovations per year . A midrange kitchen remodel would cost approximately $ 27,827 in Massachusetts , while a major upscale kitchen remodel could cost up to $ 167,777 . A bathroom renovation in New England could cost between $ 27,775 and $ 83,580 .
4 . Connecticut – $ 4,356.67
Connecticut takes fourth place , with an average spend of $ 4,356.67 on home improvements per household . The average remodel prices in Connecticut are the same as those in Massachusetts , both in New England .
5 . Hawaii – $ 4,279.26
Homeowners and renters in Hawaii come in fifth place with an average annual expenditure of $ 4,279.26 on home improvements . The average kitchen renovation in the Pacific region of the U . S . could range between $ 28,057 to $ 161,797 , depending on the scale of the remodel . Whereas a bathroom could set you back $ 27,024 for a mid­range renovation to $ 83,096 for an upscale project .
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