1. Spending is on the rise for kitchen and bathroom renovations

2. They decide to buy more expensive products and materials (45%)

3. 61% of home buyers renovated

4. A third of renovating homeowners on Houzz are between the ages of 55 and 64, with those 45-54 close behind at 26%. Just one in ten is betweenthe ages of 25 and 34 (Millennials). The majority of renovating households have been in their home or plan to be in their home for quite some time

5. Decision to Go More Upscale, Why do people go over budget? They decide to buy more expensive products and materials (45%)

6. Everyone Focuses on Kitchens and Bathrooms. Kitchens, bathrooms, and living/family rooms are significantly more likely to be renovated than any other room of the home across most renovators

7. Top (3) kitchen issues amongst homeowners who remodeled:

outdated design (49%)
outdated finishes (46%)
inadequate appliances (26%)
8. Modern-day remodeled kitchens are super sized (255 square feet on average), exceeding the size of remodeled dining rooms (240 square feet)

9. Homeowners spent 12% more on average to remodel a kitchen than in 2014, driven in part by a significant shift (+15%) to remodels that are major in scope

10. More homeowners replaced at minimum all cabinetry and appliances (32% in 2015 vs. 28% in 2014)

11. Major kitchen remodels run on average $50,700 for a large kitchen and $26,400 for a small kitchen, with a 44% greater spend when a professional remodeler is involved.

12. Over half of homeowners on Houzz (52%) plan to continue or start renovations in 2016