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April 2, 2025
Secondary Homes Study
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26% of Secondary Homeowners Are Concerned About Finances—vs. 40% of Primary Owners
73% of Short-Term Rental Owners Planned to Increase Home Improvement Spending in 2025
Secondary Homeowners are 2x More Optimistic for Starting Projects and Hiring Pros
Secondary Homeowners Are 2x More Likely to Hire a Pro
2x More Likely to Use Equity or Unsecured Financing as a Secondary Homeowner
The Secondary Homes report explores the motivations, behaviors, and decision-making processes of homeowners who own secondary properties, whether used as vacation homes, long-term rentals, or short-term rentals. By analyzing recent home improvement activities and purchasing trends, the study provides valuable insights into how these homeowners approach renovations, upgrades, and future projects. Understanding their attitudes and buying habits offers a clearer picture of the evolving home improvement landscape.
Objectives
Gain insight into homeowners’ attitudes and motivations driving home improvement initiatives.
Investigate recent home improvement activities conducted within the last 90 days. (Report covers Q1-Q4, 2024)
Analyze evolving channel behaviors over time in home improvement purchases.
Delve into product research patterns and influential factors shaping project and product purchasing decisions.
Anticipate future home improvement activity by understanding homeowners’ project intentions.
HIRI Secondary Homes Report 2024
Research Files
Cross Tabulations
HIRI Secondary Home Data Banner 1 Summary by Qtr 2024
HIRI Secondary Home Data Banner 2 Summary Total Yr 2024
HIRI Secondary Home Data Banner 3 Demographics 2024
Data File(s)
HIRI Secondary Homes SPSS File 2024
HIRI Secondary Home Detailed Data File 2024
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