With House Prices High, Some Homeowners Turning Equity Into Renovations Rather Than Stepping Away

Homeowners are renovating their homes to make them more comfortable and efficient.
With House Prices High, Some Homeowners Turning Equity Into Renovations Rather Than Stepping Away
Beside your basic update of cabinets and countertops in the kitchen, homeowners are building new islands to increase seating, storage or move a sink or cooktop. Irina88w/Dreamstime/TNS
Tribune News Service
Updated:
0:00
By Kaitlyn Keegan From Hartford Courant

With interest rates holding steadily high and home prices still above average compared to before the pandemic, many homeowners are turning to additions and renovations instead of buying and selling.