Maybe you’re among those who capitalized on low mortgage rates in recent years and have decided to stay in your home and make upgrades rather than selling.
If your plans include a kitchen renovation, the 2023 U.S. Houzz Kitchen Trends Study offers insight into what’s trending and features that may be waning.
One top takeaway is the popularity of sustainable features. In fact, most homeowners (92%) incorporated sustainable features during a kitchen renovation, and for 74% of Houzz respondents, the choice is driven by cost-effectiveness. Other reasons for opting for sustainable items were environmental friendliness (54%) and health considerations (13%).
Top sustainability features included:
Houzz also found that homeowners are spending more on their kitchens, with the median for minor remodels increasing by $4,000 ($14,000 versus $10,000 the previous year) year-over-year for all kitchen sizes.
For a major remodel of a kitchen of less than 250 square feet, homeowners reported spending $37,000 in mid-2022, up from the $35,000 spent in mid-2021. For large kitchen remodels (more than 250 square feet) the $50,000 price tag didn’t change from 2021 to 2022.
People's taste in cabinet doors is shifting. Most renovators (77%) opt for solid wood cabinets, and though Shaker-style doors are still the most popular, the percentage of renovators choosing them dropped by 3 points. Twenty percent went with flat-panel doors.
High-tech features are increasingly attractive, and home renovators are choosing things like Wi-Fi-enabled appliances (25%) and ones that a tablet or smartphone can control (24%), as well as docking stations, wireless speakers, and stereo systems.
After a renovation, the kitchen serves as more than a place for cooking. It becomes the hub of some homes, and people use the space for eating (71%), baking (69%), entertaining (57%), socializing (46%), and working (23%).
Review Houzz’s complete findings at https://bit.ly/3JypEtg.
Jason Gelios, SRES-Senior Real Estate Specialist, Author, Public Speaker, and Expert Media Contributor of real estate expertise across the globe.