Ever wonder what other people are spending on home improvements and
remodeling? Today, with our "home improvement scorecard," you'll learn
where the dollars go and for what America is spending dough. Today,
homeowners spend an average of $1,500 a year for maintenance, repair, or
improvement with the largest part of the budget, 34 percent, going for
paint and wallpaper. The next biggest expenditure is for plumbing, 12
percent, followed by roofing, 11 percent. The total heating- and
air-conditioning items run about 7 percent, and all types of flooring
comes in at about 4 percent. For the really big-ticket items, like major
remodeling, homeowners today are spending an average of $20,000 to renew
their kitchens and about $10,000 to redo their baths. And that's the On
The House tip for today.