Studies show that over 50s are far more likely to begin renovating their houses after they retire. When you retired did you begin renovation on your home? The study showed hat 8/10 people began renovation on their homes after giving up their jobs.
There are many reasons as to why this could be the case, one reason is that the home being renovated is going to be their home for the rest of their life and they want it to be up to a standard that they feel is acceptable for a period of time that long.
Another reason is possibly looking for something worth while to spend retirement funds on. Common additions to the home include new bathrooms and conversions of spare rooms to offices or activity rooms in aid of opening up the opportunity to do more in the home during retirement.