Houzz survey finds homeowners choosing products and design with staying power
As the economy has improved, many homeowners now feel they have the means to remodel.
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% of us are remodeling kitchens that are more than 30 years old and another 41% 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.
“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.”