Kitchens and bathrooms continue to be the most popular areas to renovate, according to the 2022 U.S. Houzz & Home Study.
The median spend in 2021 on a kitchen remodel was $15,000, a 25% increase from 2020. A guest bathroom expenditure costs a median of $4,400, a 38% year-over-year increase, according to Houzz’s report.
Homeowners Invest In Large Kitchens: Kitchen projects are the most popular among renovating homeowners, and while median spend has been flat on these projects for the past three years, investment on major remodels of large kitchens jumped 14% to $40,000 in 2020 compared with $35,000 in 2019.
Gen Xers Step Up Spend: While Baby Boomers (ages 55-74) have historically led in renovation spend, Gen Xers (ages 40-54) narrowed the gap in 2020. Median spend for Baby Boomers remained flat at $15,000, while Gen Xers increased their median spend to $14,000 (from $12,000 in 2019).
Kitchens and Bathrooms typically sell the home more than any other room or feature of the house.
Since leaving the US Army in 1990, Blair has been serving and helping people. With an extensive customer service background along with integrity, strong work ethic and a personal desire to see others succeed in their dreams, Blair helps you to succeed in buying a home.
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