In today’s fiercely competitive real estate market, standing out is paramount. And when it comes to making a lasting impression, few spaces hold as much sway as the heart of the home – the kitchen.

In today’s fiercely competitive real estate market, standing out is paramount. And when it comes to making a lasting impression, few spaces hold as much sway as the heart of the home – the kitchen.

Tom Kalinski, RE/MAX of Boulder

Tom Kalinski, RE/MAX of Boulder

In today’s fiercely competitive real estate market, standing out is paramount. And when it comes to making a lasting impression, few spaces hold as much sway as the heart of the home – the kitchen. With interest in kitchen remodels rising, now is an excellent time to breathe new life into this pivotal space.

According to the recently released results of a survey conducted by Houzz, Inc., a leading home remodeling and design platform, spending on kitchen remodels has surged significantly. The median expenditure for major remodels saw a 22% increase over the past year, reaching $55,000. This marks a substantial 57% growth since mid-2020, reflecting the enduring importance homeowners place on kitchen renovations.

Even minor remodel spending has experienced a notable uptick, reaching $18,000 in mid-2023, reflecting a 29% year-over-year increase, more than double the $8,000 median spend in mid-2020. Despite escalating costs, 36% of responding homeowners cite financial preparedness as a primary motivator for initiating kitchen updates.

The insights gleaned from the 2024 U.S. Houzz Kitchen Trends Study offer valuable guidance for homeowners looking to prepare their properties for sale. One standout finding from the report is the resurgence of open-concept kitchens, signaling a departure from the closed-off kitchen trend of the pandemic years. A considerable 43% of homeowners now prefer their kitchen open to other interior spaces, while 23% opt to extend their kitchens to the outdoors.

What’s the drive behind the shift towards open spaces? Functionality takes the lead, with 64% of respondents aiming to enhance the usability of their kitchens. Additionally, 54% wanted to expand their entertaining space, while 47% appreciated the aesthetic appeal of an open floor plan. Knocking down walls to achieve an open floorplan is a popular choice, with nearly two-thirds of respondents opting for this approach, while a quarter choose wider door openings through double doors or a row of doors. 

Further insights on homeowner preferences from the 2024 U.S. Houzz Kitchen Trends Study include:

Larger Islands: Over two-fifths of homeowners opt for islands exceeding seven feet long. Conversely, islands measuring less than six feet have declined in popularity by 5% year over year. Why are bigger islands popular? Homeowners reported using islands for entertaining and socializing.

Colorful Cabinetry Accents: While white cabinet remains dominant, with 46% expressing this preference, wood and green tones slightly increased — 25% and 4%, respectively. Blue remains a favored color for island cabinets, and green has grown in popularity for contrasting island cabinets.

High-Tech Appliances: More than half of homeowners opt to replace all appliances during renovations, with 44% preferring high-tech features. Thirty percent of homeowners choose appliances with Wi-Fi connectivity, while 29% prefer smartphone/tablet-controlled appliances.

Elevated Backsplashes: Most homeowners — 86% — replace backsplashes during renovations, with 62% extending the backsplash to the cabinets or range hoods and 10% reaching up to the ceiling. Ceramic or porcelain tiles remain the most popular material, preferred by 54% of respondents, followed by engineered quartz at 11% and natural stone varieties like marble, quartzite, and granite at 9%, 6%, and 4%, respectively.

Longevity-Centric Design: Special considerations for aging in place are gaining prominence. Features such as pullout cabinets, extra lighting, and wide drawer pulls are being incorporated to meet these future needs.  Safety features like nonslip flooring and rounded countertops are also being integrated into kitchen designs. 

The 2024 U.S. Houzz Kitchen Trends Study offers a comprehensive roadmap for homeowners and industry professionals, providing valuable insights into evolving trends and preferences in kitchen design and renovation. So, to make your home stand out in the market, consider giving your kitchen some modern love – it could help unlock your property’s full potential. 

To delve deeper into the findings of the study, visit www.houzz.com/magazine/2024-u-s-houzz-kitchen-trends-study-stsetivw-vs~173163818. 

By Tom Kalinski. Tom is the broker/owner of RE/MAX of Boulder, the local residential real estate company he established in 1977. He was inducted into Boulder County’s Business Hall of Fame in 2016 and has a 40-year background in commercial and residential real estate. For questions, e-mail Tom at [email protected], call 303.441.5620 or visit boulderco.com.