Synchrony released findings from its national “Lifetime of Home Care” study analyzing U.S. home maintenance and repair costs. The study said homeowners estimate lifetime spending at about USD 70,000, while routine upkeep costs exceed USD 339,000. It also reported that homeowners could spend more than USD 418,000 over ownership when major emergency repairs are included. Synchrony said the U.S. repair and remodeling market is nearly 50% above pre-pandemic levels, topping USD 0.6 trillion. The study found 48% of homeowners have delayed or canceled repair projects due to economic pressures.
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