Probably because of their discomfort while living in a home that they don’t like, they would want to renovate as soon as possible. They either use their savings or loan money from banks just to have their desires granted. But should a person get a loan for renovation or should they save money until they have enough?
Some renovations are needed immediately. For example if your heating system is not making enough heat and winter is coming. Naturally, you want to get a renovation company to modernize your plumbing and make your home more efficient in keeping heat inside during winter. You should loan for that renovation.
On the other hand, if you simply want to make your home more beautiful or look more modern, then you should save money for the renovation because these are not urgent and they don’t require immediate attention.
Note that “urgency” is an ambiguous term as it can mean different things for different people. For example, a person who is always stressed out may consider renovating his house as urgent because he only feels more stressed when he comes home after work. Meanwhile, for others who are not as stressed as the person from the previous example may not consider renovation an urgent issue. It all depends on the person because everyone experiences the world in different ways.
Loaning for a home renovation is okay when the renovation is really needed and if there is no other option. However, loan will make the renovation more expensive than it should be because now you have to pay for the interest of your loan.