By Melissa Dittmann Tracey, REALTOR® Magazine
Dated kitchens are getting a makeover in many homes this year. About a quarter of about 3,500 home owners recently surveyed say they are remodeling kitchens that are more than 30 years old and another 41 percent are updating kitchens that are 16 to 30 years old. Wow, have styles changed in three decades too – when red oak cabinets, laminate countertops, and brass fixtures were “in.”
Here’s an interesting stat: Home owners seem to be more committed to their kitchen than their spouse. Most kitchens last two to four times longer than the typical U.S. marriage – which is 8 years, according to Houzz’s Kitchen Remodeling Survey. That means when home owners remodel a kitchen, they devote a lot of time to making sure it’s just right since they’ll likely stick with it for many years to come.
“We already know that kitchens are the biggest driver of discretionary spending in the remodeling market,” says Nino Sitchinava, principal economist at Houzz. “As the economy has improved, many home owners who delayed spending on kitchen updates feel like they now have the means to remodel. We should continue to see an uptick in discretionary spending on home improvements into 2015.”
So, what are home owners’ kitchen renovation plans?
Classic finishes: Home owners mostly are sticking to the classics, with finishes like white cabinets (49 percent) in shaker (37 percent) or raised-panel (22 percent) styles. They’re also staying loyal to granite countertops (45 percent) and stainless steel appliances (83 percent).
Added storage: Ease of storage (65 percent) is a top priority driving remodeling trends. Organization features like a built-in pantry (44 percent), pull-out shelves (62 percent), deep cabinet organizers (38 percent), and built-in pet bowls (6 percent) are popular.
Entertainment spaces: An open-concept layout (52 percent), bar with seating (27 percent), and built-in wine storage (21 percent) are making kitchens a gathering place for family and friends.
Big makeovers with big dollars: When home owners choose to undergo a kitchen remodel, the majority are going big with projects requiring substantial construction (68 percent). As such, home owners are spending big too, with 36 percent planning to spend between $25,000 and $75,000 on updating their kitchens. More than half of home owners budget $25,000 or less for their upcoming remodels.
Complimenting the rest of the house: Home owners want their kitchens stylish and beautiful (59 percent), but they also want to make sure that the remodel integrates with the rest of the home too (55 percent). Other characteristics they say are important is that it is filled with natural light, adds to the resale value of their home, energy-efficient appliances, and pro-style cooking set-up.
Source: Houzz Kitchen Remodeling Survey, 2014