Remodeling Cost Averages $6,600

American homeowners spent an average of $6,600 on remodeling, renovation or repair over the last five years, according to a survey by the Better Homes and Gardens consumer panel.

The survey also found that most considered family a key reason for home ownership, but one-quarter of those asked felt the home was important as an investment and for financial security.

“Part of the satisfaction of home ownership,” says Allen Sabbag, president of Better Homes and Gardens Real Estate Service, “stems from the deep feelings Americans hold toward their home as a focal point for the family.

“Survey results show that for nearly two-thirds of the panel a home’s primary importance is to serve as a place to protect and gather the family.”