You and Your Kitchen: Renovation Motivations, Challenges, and Expectations in 2014

You and Your Kitchen: Renovation Motivations, Challenges, and Expectations in 2014 Continuing the trend from 2013, the kitchen will remain the area that receives most attention in the home purchase & renovation process, from both men and women. Motivation for Renovation Homeowners all over the country are upgrading their kitchens to make the space cozier and more functional. Here's why they do it: 79% Enhance appearance and feel 59% Increase functionality 52% Upgrade appliances 48% Create more storage room 38% Increase home resale value 33% Improve entertaining space The style homeowners choose depends largely on their age: Age 25-34 Age 55-64 28.4% 26.1% 18.9% 17.5% 18.6% 8.5% 4.1% 7.1% Cost vs. Value A report by Remodeling analyzed the value of kitchen remodeling projects in terms of return on investment. Average price ROI Minor Kitchen Remodel $21,695 72.8% (mid-range) Major Kitchen Remodel $58,367 68.7% (mid-range) Major Kitchen Remodel $113,464 59.7% (upscale) The kitchen elements homeowners spend most on are: Ceiling Interior paint jobs Cabinets Energy-efficient appliances Wall covering Countertops Flooring What Homeowners Really Want in a Kitchen Most respondents don't necessarily want a bigger space, but do feel the need for space in the kitchen. 77% 61% 37% plan to design their kitchen as an open space towards other rooms. plan to incorporate a kitchen island. plan to expand their current kitchen space. Aside from eco-friendly appliances and quality materials, homeowners dream about sophisticated appliances to make their lives in the kitchen simpler. Chef's stove 32% Double ovens 18% Induction cooktop Wine refrigerator 7% Dishwasher drawer 7% Warming drawer 4% Pot filler 4% Remodeling, an Emotional Time Remodeling a home can be, according to a Houzz survey from 2013, a particularly stressful experience, putting a lot of pressure on couples. Of the 1,400 respondents: 46% 46% said the experience was 12% are considering considered the separation and divorce during the remodeling process. redecorating process collaborative. frustrating. The tension comes from: Hi! Invasion of One third don't like their Exceeding the initial budget Lack of communication Dust and personal debris partner's taste space The Calm after the Storm Once the hardest part is over, couples can relax and enjoy the results of their work together: 84% of homeowners who remodeled their kitchen spend more time at home. 4 in 5 said they feel more relaxed at home. reported an increase in their level of 41% happiness. Kitchens of the Future According to real estate website Zillow, homeowners will continue to invest in kitchen upgrades. Here's what they'll focus on in 2014: Black Countertops Quartz and black granite will likely be the materials used to achieve this look, paired with a lighter counter for contrast. Dark Paint Colors No more bright white and cream for kitchen walls! Black, dark blue, copper, and dark red tones are in homeowners' top choices for a modern-looking kitchen space. Open Shelves Kitchen cabinets are no longer the dark places used to store away dishes and pots. Designers say that storing everything from dinnerware to condiments in sight is the new trend. Nearly everyone believes the results of remodel projects are worth the wait, but hiring professionals and being aware of all the stages of the process can save homeowners - and their partners - a lot of trouble and frustrating moments. Sources: http://www.huffingtonpost.com/2013/12/15/kitchen-trends_n_4442420.html http://www.houzz.com/press/17/Remodeling-Causes-Relationship-Woes-12-Percent-of-Couples-Admit-to-Considering- Separation-or-Divorce-Mid-Remodel http://www.remodeling.hw.net/cost-vs-value/2014/ https://www.uncfsp.org/projects/userfiles/File/DCE-STOP_NOW/NCADV_Economic_Abuse_Fact_Sheet.pdf http://www.donnavining.com/2013/12/11/houzz-survey-finds/ http://www.houzz.com/ideabooks/15420763/list/Wisdom-to-Help-Your-Relationship-Survive-a-Remodel http://www.kitchens.com/design/budget-planning/budget-guidelines/estimating-a-remodels-return-on-investment Brought to you by www.renaissancepainters.ca Renaissance Painters Contemporary Modern Traditional Eclectic Traditional Contemporary Modern Eclectic