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Home Updates & Repairs

Kitchen Renovations: Trends, Costs and Big Ideas

Man and woman cook in newly designed kitchen- thumbnail

Your kitchen is perhaps the main focal point of your entire home. The benefits of updating it can range from improving the general comfort and atmosphere of your home to potentially increasing the value of your property.

According to a the annual Kitchen Trends study commissioned by Houzz, an online community focusing on home design, a third of homeowners actually reported living a healthier lifestyle after a kitchen renovation. That includes eating more fruits and vegetables as well as preparing more meals at home.

The cost associated with a complete remodel or kitchen renovation can add up and we’ll go over the specific amounts below. Here is some of the key information we found within the study:

Major Trends in Kitchen Design

The study highlights a few additional “Big Ideas”:

  • Transitional and contemporary are the two most popular design styles.
  • Durability of materials and the look are the top reasons for selecting countertops and flooring, followed by cost coming in third.
  • More than one-third of kitchen renovators are increasing the room’s size with 51 percent of kitchens more open to other rooms

While spending your own time and effort helps limit the costs, many homeowners hire professionals to speed up the process and do the job right. The top professionals hired by homeowners renovating their kitchen are general contractors (51 percent) and kitchen designers (22 percent). And what are the main items homeowners are upgrading? Nearly all are upgrading their countertops (89 percent), followed closely by backsplashes at 84 percent and sinks at 83 percent.

Should You Go Ahead And Design a New Kitchen?

The top trigger that leads homeowners to a redesign is finally having the means to do something they’d long wanted to (37 percent). This is closely followed by people who simply can no longer stand their kitchen (34 percent). Some homeowners (27 percent) unfortunately were forced to upgrade their kitchen due to deterioration or unsafe appliances.

The study highlights the benefits of a newly designed kitchen, including 49 percent of homeowners spending more time as a family and 49 percent doing more entertaining for friends and family. Those alone may be good reasons for your new kitchen, but 34 percent are also eating less takeout which is often less healthy and more expensive.

What Are the Costs of Kitchen Renovations?

The overall cost of a remodel continues to rise, even as the scope of such projects retracts. In 2019 spending was up 17 percent compared to 2018 kitchen remodels. The median cost of a major renovation project was $35,000 and a minor remodel rang up around $8,000. And as you might expect, the initial budget homeowners planned often didn’t cover the entire cost of the project.

Which Appliances Are Being Upgraded?

Here is a quick breakdown of what homeowners are upgrading:

  • Dishwasher (75 percent)
  • Refrigerator/freezer (74 percent)
  • Microwave (73 percent)
  • Range (65 percent)
  • Garbage disposal (51 percent)
  • Cooktop(s) (39 percent)
  • Beverage refrigerator (15 percent)
  • Washer/dryer (12 percent)

For those updating appliances for the sake of energy efficiency, a green loan may help with the cost.

Popular Colors, Styling, and Finishes

While white cabinets remain the most popular at 45 percent, wood-tone cabinets now account for 22 percent of all cabinet finishes. Stainless steel is clearly the top choice for appliances, coming in at 72 percent. When it comes to flooring, wood accounts for 48 percent overall with medium colored wood, gray, beige, brown and light colored wood all being the most popular options within that.

Neutral color remain on-trend for walls, though there is more of a variety than with appliances and flooring. In fact, gray is 30 percent of all choices while 24 percent opt for white and 20 percent for beige. The trend toward blue walls seems to be growing, up to 7 percent in 2019, and surpassing all other colors.

wood kitchen

“Custom remains king” according to the study, with two in five updated kitchens including custom cabinets, a number that has held steady for several years. Semi-custom cabinets account for 36 percent as well.

For countertop decorative choices, engineered quartz has replaced granite as the darling, though its use has slowed due to rising prices. 51 percent of kitchen remodels installed quartz, compared to 29 percent utilizing granite. Marble is no longer in favor as a main countertop, though it is the choice for 7 percent of contrasting counters (like an island).

Overall, there are many factors to consider when renovating your kitchen. But given its importance to your home and the benefits described above, it may be worth knowing what everyone else is doing so you can stay on-trend.

 

Need a loan for your home remodeling or repair project? Consider a Discover personal loan for up to $35,000 without using your home as collateral.