Are New York Homeowners Spending Thousands to Keep Up?

Fall is on its way in New York, bringing yard cleanup and last minute outdoor projects. Before buying new lights or changing the landscaping, homeowners may want to ask one question: Do I want this, or did I see it next door?

Neighbors Can Start Home Trends

A survey of 1,000 homeowners found that more than one in three changed the outside of their home after seeing a neighbor make a change. One in five bought smart home technology, such as a video doorbell, because a neighbor had one.

Homeowners Compare Their Properties

The survey found that almost 60% of homeowners compete with neighbors over landscaping. Another 45% compare curb appeal, while 35% compete over general home upkeep.

That pressure can feel stronger during fall. Fresh decorations, cleaned yards, new lights, and neat porches are easy to see from the street. One project at a nearby home can quickly lead other owners to consider making changes.

Social Pressure Can Get Expensive

Homeowners estimated that they spent more than $3,000 on projects caused by social pressure instead of need. The amount climbed above $4,000 for people living in communities with a homeowners association.

Fall Projects Should Fit Your Home

Seeing a neighbor improve a home can give you some useful ideas. It can also lead to spending that you never planned on. Before starting a project, you should consider whether it fixes the problem.

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New York winters can be hard on homes, so fall maintenance is a good idea. Cleaning gutters, checking heating systems, sealing drafts, and preparing outdoor spaces may matter more than keeping up with the house next door.