For the majority of homeowners, the relationship with their kitchen is a significant long term commitment to both function and aesthetics, one that can last 30 years or more. In fact, 25 percent of us are remodeling kitchens that are more than 30 years old and another 41 percent are updating kitchens that are anywhere from 16 to 30 years old, according to the 2014 U.S. Houzz Kitchen Remodeling Survey of more than 3,500 Houzz users who are in the midst of, planning or have recently completed a kitchen remodel. Houzz, the world’s leading platform for home remodeling and design, found that most kitchens last two to four times longer than the typical U.S. marriage (8 years*) and duration of car ownership (nearly 6 years*).
“We already know that kitchens are the biggest driver of discretionary spending in the remodeling market,” said Nino Sitchinava, principal economist at Houzz. “As the economy has improved, many homeowners who delayed spending on kitchen updates feel like they now have the means to remodel (37%). We should continue to see an uptick in discretionary spending on home improvements into 2015.”
Kitchen renovations are a major investment, commanding the largest spending levels among remodeling projects*. Given the considerable longevity and cost, homeowners are making choices to ensure they can live with their kitchens for many years to come, from products that last to designs that stand the test of time. When purchasing kitchen products, quality is the top driver for appliances (70 percent) and paint (48 percent), and design style tops the list for purchasing lighting fixtures (78 percent), cabinets (52 percent) and faucets (48 percent). Homeowners are sticking to the classics with finishes like white cabinets (49 percent) in shaker (37 percent) or raised-panel (22 percent) styles, granite countertops (45 percent) and stainless steel appliances (83 percent).
Given the long-term relationship with our kitchens, making the space compatible with family and lifestyle is key. Ease of storage (65 percent) and entertaining (46 percent) are top priorities, driving us to remodel our kitchens with organization features like a built-in pantry (44 percent), pull-out shelves (62 percent), deep cabinet organizers (38 percent) and built-in pet bowls (six percent). An open-concept layout (52 percent), bar with seating (27 percent), and built-in wine storage (21 percent) make our kitchens great places in which to spend time with family and friends. Other highlights include:
- Kitchen remodels go big: When homeowners choose to undergo a kitchen remodel, the majority are going big with projects requiring substantial construction (68 percent).
- Current spending exceeds planned budgets: Homeowners are also spending big on kitchens, and often more than they budget for their projects. More than half of homeowners budget $25,000 or less for their upcoming remodels (51 percent), yet in 2014, only 40 percent of homeowners spent less than $25,000 on remodels. Similarly, 36 percent of homeowners plan to spend between $25,000 and $75,000 on their new kitchens but 46 percent of projects fell in this range in the past year.
- Neighborhood style: The most popular styles for new kitchens include traditional (23 percent), transitional (18 percent) and contemporary (16 percent). While just 11 percent of homeowners are choosing a farmhouse-style kitchen, this number more than doubles for those in rural neighborhoods (25 percent).
You can download the full U.S. Houzz Kitchen Trends Study at http://info.houzz.com/rs/houzz/images/HouzzKitchenStudy2014.pdf.
The “Kitchen Trends Study” is an online survey of U.S. Houzz users in November 2014. n=3,571.
*Source: The Economist
*Source: Kelley Blue Book
*Source: 2014 Houzz & Home Report
Houzz is the leading platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish - online or from a mobile device. From decorating a room to building a custom home, Houzz connects millions of homeowners, home design enthusiasts and home improvement professionals across the country and around the world. With the largest residential design database in the world and a vibrant community powered by social tools, Houzz is the easiest way for people to find inspiration, get advice, buy products and hire the professionals they need to help turn their ideas into reality. Headquartered in Palo Alto, CA, Houzz also has international offices in London, Berlin and Sydney. For more information, visit www.houzz.com