Politics is about more than just who you vote for, it could determine whether a client takes on DIY home project at all. HomeAdvisor’s chief economist, Brad Hunter, writes that a HomeAdvisor survey found that Democrats are more likely to spend more money on home improvement projects than their Republican counterparts.
The survey showed that Democrats are willing to spend $3,417 on annual home improvement, more than 50 percent higher than the planned Republican household outlay, at $2,194 on average. For repairs, the gap is, percentage-wise, about the same. Democrats say they will spend $2,343 on repairs to their home, compared with $1,499 for Republicans.
The HomeAdvisor survey delved further into the psychology of this disparity, and it appears that the Republicans spend less because they are more fearful about their finances. Only 27 percent of Democrats expect that the economy “will get much worse” in the next 12 months, compared with a majority (58 percent) of Republicans.
HomeAdvisor's 2016 True Cost survey was conducted in February and the results were reported on in April.
To learn more, click below.