How much would you be willing to spend to turn your home into something you’re proud of? A new survey digs into how people feel about their living spaces and what they’d like to do to upgrade them. Personal finance site MoneyWise talked to around 11-hundred people about their homes and found that the biggest thing motivating people to make those changes is embarrassment.
The survey reveals:
- One in four respondents feel their friends’ homes are nicer than theirs.
- About three-quarters (76%) feel pressure to buy expensive home goods to keep up with their social circles.
- Social media influences the dream home aesthetic for 83% of those polled.
- Those influenced by social media spent an average of $3,608 on home decor in the last year.
- The top things that trigger people’s sense of shame about their homes are cleanliness- 51%, style- 46% and size 39%.
- Only 17% of respondents say they have no reason to feel embarrassed about their home.
- In an effort to improve their homes, people have bought new appliances (47%), large furniture (46%), artwork (38%) and smaller things to spruce things up like decorative pillows (35%) and throw blankets (24%)
- And the average amount people who’ve achieved their dream home spent to get it? Just over $40-thousand ($40,435).