Last updated on November 15, 2024
The home renovation trend continues as homeowners look to improve their living spaces, add square footage, and remodel dated spaces in their homes. Recently, home renovation spending has skyrocketed to new heights: The median spend was $24,000, up from just $15,000 in 2020. Are you planning a renovation project soon? This is what's trendy:
Kitchens and bathrooms account for the majority of expenses
According to a recent HOUZZ study, 29% of homeowners who were renovating said they intended to remodel their kitchen in the next year, 27% said they planned to remodel their guest bathroom, and 25% intended to remodel your master bathroom. The average spend on kitchen renovations is now $24,000 and $15,000 on bathrooms.
Main trends in kitchen renovation
- An island spanning at least 7 feet.
- White still dominates cabinet color choices, but the color is making waves, with blue cabinets being chosen 25% of the time and green cabinets 4% of the time. Warm wood tones are making a comeback, with 24% of homeowners opting for wood cabinets.
- High-tech appliances are gaining popularity, with 34% of homeowners replacing outdated appliances with smart ones.
- Ceramic tile remains a timeless choice for backsplash, and the vast majority of homeowners choose this option, followed by a smaller number of those who choose to carry countertop material to the backsplash.
The best trends in bathroom renovation
- 64% of those who renovate their bathroom do so with aging in place in mind.
- The growing trend of adding wet rooms to bathrooms continues. A wet room encompasses the bathtub and shower behind a glass partition.
- The color white dominates all categories of the bathroom except the vanity, where wood is the main option.
- Freestanding bathtubs are still king, but built-in bathtubs are making a comeback: 39% of renovators opt for this style.
- Tiles are by far the most popular material for shower walls and floors.
Outdoor improvements
Homeowners continue to invest in their curb appeal as more and more choose to spend money on outdoor spaces and improve the aesthetics of their home's exterior. These are the top trends in outdoor improvements:
- Decks continue to be the biggest spenders in outdoor upgrades, with 44% of homeowners renovating their outdoor space opting to install a deck, followed by 23% who add a porch and 20% who add a porch structure. shade.
- Outdoor kitchens continue to be popular as homeowners look to expand their outdoor living space.
- 77% of homeowners who undergo an exterior improvement project invest in serious landscaping, while 78% improve or add exterior lighting.
You may also be interested in: Paint Color Trends for 2025 Are Here!
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Allen Tate is the largest real estate company in the Carolinas with more than 70 offices and 1,800 real estate agents in the Charlotte, Triad, Triangle, High Country, Upstate SC, Highlands/Cashiers and Asheville/Mountain regions. Allen Tate is a partner at Howard Hanna Real Estate, the largest private real estate brokerage in the U.S., with 500 real estate, mortgage, insurance, title and escrow services offices and 15,000 sales associates and staff. in 13 states. For more information, visit www.allentate.com and www.howardhanna.com.
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