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Angi Survey Shows Homeowners Spend $3,166 On Average Fixing Home Repairs

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ANGI$6.25 −1.73%

Angi Inc. (NASDAQ:ANGI) released a report detailing common homeowner repair mistakes, delays, and unexpected maintenance issues. The study reveals that 78% of U.S. homeowners have encountered home mishaps, averaging more than three incidents each, with 22% experiencing five or more issues.

Fixing these home errors creates substantial financial costs for property owners. Over a three-year period, homeowners spent an average of $3,166 correcting problems. Attempted DIY fixes cost an average of $1,171 to correct, and professionals had to intervene in 52% of failed DIY projects. Furthermore, 30% of homeowners intentionally postponed maintenance, leading 83% of those who waited to pay an additional $1,645 on average.

As repair expenses add up, homeowner interest in hiring professionals early may support demand for marketplace home services. Shares of Angi Inc. traded up 0.32% at $6.36 following the survey release. Investors can monitor whether consumer preferences continue shifting toward professional contractors rather than self-service repairs.

Key points

  • About 78% of U.S. homeowners have experienced home mishaps, averaging more than three incidents per person.
  • Homeowners spent an average of $3,166 over three years to correct home repair errors.
  • Fixing failed DIY projects cost an average of $1,171, with 52% ultimately requiring professional help.
  • Postponing needed repairs cost homeowners an average extra fee of $1,645 due to worsening damage.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How much do homeowners spend on fixing DIY mistakes?

Homeowners spend an average of $1,171 to correct a DIY mistake. In addition, 52% of DIY projects gone wrong ultimately required a professional contractor to complete or fix.

What is the financial cost of delaying home repairs?

Postponing repairs increased expenses for 83% of homeowners who delayed, adding an average extra cost of $1,645 as problems worsened over time.

How many homeowners experience home repair mishaps?

A survey of 1,000 U.S. homeowners found that 78% have experienced home mishaps, averaging more than three incidents per homeowner, while 22% faced five or more issues.