New kitchen renovation trends: How homeowners are splurging in 2022
The 2022 U.S. Houzz Kitchen Trends Study is out, and kitchen renovations are on the rise. The home remodeling platform surveyed nearly 2,400 homeowners to determine the latest kitchen trends. The most popular among them? Upgraded countertops.
Over the past year, the percentage of renovators hiring of kitchen professionals jumped from 85% to 89%: highest level seen in four years. And it seems homeowners are sparing no expense. The median price spent for a major kitchen remodel increased 14% during 2021, to $40,000, while the price of minor remodels went up 25% to $10,000. More specifically, the median amount spent for a major remodel of a large kitchen (250 square feet or more) climbed to $50,000.