If you were one of the thousands of British Columbians who undertook home renovations this year, a new study indicates you might be having some regrets.
A BC Hydro survey shows that while COVID-19 caused home renovations to spike, about 20 per cent of B.C. homeowners regret the choices they made because they focused on aesthetics instead of increasing their home’s value.
According to the report titled ‘Room for improvement: Why British Columbians are experiencing renovation regret after making home upgrades’ finds over half of British Columbian homeowners have completed a renovation since the COVID-19 pandemic began because they are spending more time at home.
The primary motivators are listed as improving aesthetics, 35 per cent, comfort 29 per cent, having more free time to finally make changes, 10 per cent and saving energy, 10 per cent.
The majority of respondents say they are happy with their renovation outcomes. However, DIY'ers expressed the most regret. The study shows more than half of DIYers would change some of their choices. When it comes to past decisions, B.C. homeowners’ top regrets include bathroom and kitchen Renos followed by flooring changes. The study indicates the root of the regret stems from not doing what they really wanted, wishing they had used different products and/or that they had spent more time planning the renovation.
The other issue revolves around aesthetics over , 60 per cent of British Columbian homeowners think aesthetic improvements will increase the resale value of their home. However, making decisions that improve on energy-saving and maintenance upgrades like updating the heating/cooling system and replacing windows, doors and roofing.
Despite past regrets, the study indicates B.C. homeowners have no intention of slowing down this year. Upwards of 40 per cent say they are planning a renovation or home improvement project this spring.
