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DIY Skills Save on Home Improvement - Survey | by deborahg.toney
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DIY Skills Save on Home Improvement - Survey

A survey by the Home Projects Council (HPC) suggests that homeowners interested in reducing the cost of home improvement projects replace their do-it-for-me (DIFM) habits with improved do-it-yourself (DIY) skills. The online survey of 514 found that DIY homeowners (45% of respondents) spent less financially doing their last home improvement project than DIFM homeowners (55% of respondents) spent hiring a professional to do their last project. The survey also indicated that a homeowner’s home improvement skill level was directly related to the size, complexity and spending on a project.

 

“There is a clear correlation between a homeowner’s capabilities and the DIY home improvement projects they’re comfortable attempting,” said Frank Owens, vice president of marketing for The QUIKRETE® Companies. “The more advanced their skills, the greater number and variety of projects they can complete without a professional. With so many resources available, every homeowner truly has the opportunity to enhance their home improvement skill, which ultimately saves money that can be spent on other things.”

 

According to the survey, 53% of all DIY homeowners did their last project because it was less expensive than hiring a professional. However, DIFM homeowners are driven by distinctly different criteria based on skill level when considering a home improvement project. Good thing is that new tools and material do not require homeowners to have significant skills, e.g. it doesn’t take much cost and skill to install faux stone on interior and exterior walls.

 

Despite cost being the overwhelming factor for DIY homeowners, the survey indicates that hiring a professional will continue for more complex home improvement projects. In fact, 53% of DIFM homeowners claimed that no amount of financial savings would have compelled them to do their last home improvement project without the paid services of a professional. Survey respondents classified the following home improvements as DIY or DIFM projects.

 

“Over the last few years, I have seen more homeowners taking on more ambitious projects for one main reason – instant gratification,” noted Danny Lipford, host of Today’s Homeowner with Danny Lipford and member of the HPC. “Not just because they save a lot of money, but because of the sense of accomplishment that comes along with it.”

 

The HPC Council, which is a home improvement think-tank of experts from various fields, is revealing the survey findings during a roundtable at the International Builders Show on Wednesday, Jan. 20 at 2 p.m. PST from QUIKRETE® booth 7519 in the Las Vegas Convention Center.

 

Survey Demographics

 

Conducted in Q4 2015

 

•514 respondents – 52% male, 48% female

•Homeowners with at least one home improvement project completed on their home in the past two years.

•Ages 25 to 66

•46% DIY vs. 54% DIFM

•DIY skill level – 40% beginner, 48% intermediate, 12% expert

•HHI – 20% $250k

•75% married

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Uploaded on October 13, 2016