A yearly home owner survey conducted by Harris Poll for LightStream, SunTrust Financial institution's on the internet borrowing division, discovered that 57 percent of home owners plan to invest money on house renovation this year.As Todd Nelson, LightStream company development officer, told MarketWatch today:Consumers are significantly putting cash back right into their houses. ... This is good for the economic situation and also the home-improvement sector overall.But exactly what's good information for financial institutions isn't necessarily excellent information for consumers.In the LightStream questionnaire, the percent of home owners who state intending renovation tasks for this year is up simply 1 percent from in 2012-- but the portion who prepare to pay for their residence renovations with loans and credit lines is up disproportionately:
59 percent of respondents plan to pay for home-improvement projects with savings. …