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Home Renovations Costs in 2023

We are in the midst of a strange economy – meaning no one is confident about what to expect in 2023. Fears of a recession are looming large, and even though home prices are falling, potential buyers are hesitant to pull the trigger.

Inflation and loan interest rates in a slowing real estate market may mean the remodeling industry could get a boost, but coming off a year like 2022 where investments saw their worst performance since the 2008 financial crisis, available assets may be limited.

In spite of the confusion, how much will you want to budget for remodeling in the coming year? Let’s take a look.

Article Sections

Renovation Trends in 2023 Cost to Build an Addition Factors That Affect Renovation Costs Exterior Remodeling Costs

Budgeting for Your 2023 Renovation Remodeling Price Ranges

Renovation Costs by Project Size DIY vs. Contractor Pricing

Renovation Costs by Project Type How to Save Money on Home Renovations

Bathroom Remodeling Costs The Bottom Line

Kitchen Remodeling Costs

Man screwing a screw into board with electric drill while his pet dog looks on with a puzzled expression.