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- Top 10 Home Remodeling Facts and Stats
Top 10 Home Remodeling Facts and Stats
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- Remodeling a kitchen can add significant value to a home, with an average return on investment of around 80%.
- Bathroom remodels typically cost less than kitchen remodels, with an average cost of around $10,000.
- Adding a bathroom to a home can add around 20% to the home’s value.
- A home renovation project can take several weeks or even months to complete, depending on the scope of the work.
- Some popular home renovation trends include open floor plans, energy-efficient appliances, and smart home technology integration.
- A popular trend in remodeling is “age in place” designs which allows homeowners to stay in their homes as they age, by including features such as grab bars, and no step entries.
- The National Association of Realtors’ reports that a home improvement project that recoups the most value upon resale is a new entry door.
- According to the National Association of Home Builders, homeowners are increasingly interested in home automation and smart-home technology.
- According to the National Kitchen & Bath Association (NKBA), about half of all kitchen remodels include new countertops.
- The National Association of Home Builders reports that homeowners are increasingly interested in incorporating outdoor living spaces into their homes, such as decks, patios, and outdoor kitchens.