Real estate investors outpace Congress when it comes to spending money on the rehabilitation of foreclosed properties, a new survey completed by ORC International claims.

The study was completed for real estate investing social network, The survey is called the Invest National Survey.

The results show investors spend about $9.2 billion a year repairing damages caused by foreclosures. In comparison, Congress over the course of four years authorized $7 billion for its Neighborhood Stabilization Program, which repairs damaged foreclosures.

The median price paid by investors restoring properties is $7,500 a unit. About 20% plan to spend $10,000 to $30,000 revamping their next home. 

Sixty-five percent of real estate investors plan to buy more residential properties over the course of the next 12 months, setting a trend where private investors are tapping into opportunities in the foreclosure market. Those investors amount to roughly 4.5 million buyers.

Investors in 2011 purchased 1.23 million homes, a 64.5% increase over the 749,000 sales recorded in 2010, the National Association of Realtors said.