The Biggest Home Renovation Regrets in 2024

Thinking about refreshing your home? You’re in good company. In the past five years, 94% of homeowners have completed major renovation projects. Whether it’s something as simple as a fresh coat of paint or a more ambitious bathroom remodel, keeping up with the latest trends can help you make smart decisions that add value to your home—and make it an even more enjoyable space.

But here’s the thing—78% of those renovations went over budget, with many also facing unexpected delays and even a bit of regret. That’s why today, we’re diving into the top renovation trends for 2024 and sharing our tips to help you navigate your next project with confidence and peace of mind.

Renovating vs. Relocating: What’s the Right Move?

With home prices and mortgage rates on the rise, more and more homeowners are choosing to stay put and invest in their current homes rather than moving. In fact, 63% of homeowners say they’d rather remodel than move into an updated home. Whether you’re aiming to boost comfort, repair damage, or increase your home’s resale value, renovations can be a great way to tailor your space to your evolving needs.

But it’s not all about practicality. Sometimes, renovating is just a fun and exciting way to personalize your home! In fact, 45% of homeowners say they renovate simply because they want to, not because they need to. From trying out bold color schemes to reimagining your kitchen’s layout, home improvements let you express your creativity and make your space uniquely yours.

Top Renovation Projects for 2024

#1—Bathroom Remodels
Bathrooms are still the top renovation choice, with 37% of homeowners tackling this space. We’re seeing a big trend toward spa-like elements in 2024—think rainfall showers, freestanding tubs, and sleek, modern vanities. Not only can a bathroom remodel make your everyday routine feel luxurious, but it’s also a smart investment when it comes time to sell.

#2—Interior Painting
Sometimes, the easiest changes make the biggest difference. Painting is one of the simplest and most cost-effective ways to refresh your home, and it’s a top project for 2024. While neutrals like white and gray are still popular, we’re noticing more homeowners embracing bold accent walls and statement colors to personalize their space.

#3—Energy-Efficient Upgrades
With energy costs rising, it’s no surprise that more homeowners are opting for energy-efficient upgrades. HVAC systems are a top priority for 30% of homeowners this year, and these upgrades don’t just make your home more comfortable—they can also reduce your monthly utility bills and make your home more eco-friendly.

Renovation Costs: Plan for the Unexpected

While renovations can boost your home’s value and comfort, they often come with surprise expenses. Nearly 78% of homeowners exceeded their budget on their last renovation, with 44% going over by $5,000 or more. The best way to avoid this? Build in a buffer for those unforeseen costs, whether you’re hiring a contractor or tackling a project yourself.

One of the biggest decisions you’ll face is whether to go the DIY route or bring in a professional. While hiring a contractor can save you time and ensure top-notch results, it’s also usually more expensive. According to recent data, 53% of homeowners who hired contractors went over budget, compared to 42% of DIYers. Whichever path you choose, careful research and thorough planning can help avoid the most common renovation pitfalls.

And don’t forget—home maintenance and unexpected repairs are part of the equation too. In 2025, 85% of homeowners said they had to spend money on unplanned repairs, and nearly half felt these expenses exceeded their expectations.

Renovation Regrets—and How to Avoid Them

While renovations can transform your home, not all projects go as smoothly as planned. In fact, 74% of homeowners who renovated in the past five years have some regrets.

The most common regret? Overspending and projects taking longer than expected. The key to avoiding these frustrations is setting a realistic budget, managing your time carefully, and keeping communication clear with contractors.

Younger homeowners, like Gen Z and millennials, tend to focus on renovations that boost resale value—but they’re also the most likely to experience regret. A staggering 82% of millennials and 89% of Gen Z have expressed some regret. If your main goal is to boost resale value, remember that sometimes smaller, well-executed updates can offer a better return on investment than large-scale, high-cost projects. It’s all about finding that balance between what you love and what future buyers might appreciate.

Final Thoughts: Make Your Renovation Count

Renovating your home is a big decision, and it can be incredibly rewarding when done right. Whether you’re sprucing up your forever home or adding value before selling, staying informed on the latest renovation trends and being prepared for potential challenges is key to success. The most important thing is to plan carefully, set a realistic budget, and keep your goals in mind throughout the process.

We understand that your home is more than just a place—it’s where life happens, where memories are made, and where you express your style. Whether you’re planning to renovate or are considering buying or selling, we’re here to help guide you every step of the way. From helping you navigate renovations that can boost your home’s value to finding your next dream home in the Greater Milwaukee Area, we’re always just a call away. Let's make sure your next home project is one you'll love for years to come!