A new report from Houzz showcases the latest trends in homeowner renovation and remodeling, with kitchens, baths and home automation leading in what consumers desire most.
The fifth annual Houzz & Home survey collected data from more than 120,000 respondents in the United States. Kitchens and bathrooms were the most popular interior remodeling projects. Thirty-one percent of respondents were for kitchen remodels and 22 and 26 percent for master/non-master bathrooms, respectively.
Since the inception of the survey five years ago, kitchens have remained the most popular project for renovating homeowners.
RELATED: Best of TecHome: Kitchens
In 2015, homeowners were also shown to tackle more diverse projects in their renovations, such as upgrades to interior spaces (72 percent, a three percent increase from 2014) and also upgrades to exterior features like windows and roofing (56 percent in 2015 versus 53 percent in 2014). The latter’s spike could be the result of a rise in energy efficient technology and solar rooftop installations.
In terms of technology, an interesting statistic shows those who purchased a home in 2015 were 14 percent more likely to install home automation systems over average homeowners (33 percent versus 19 percent).
“Recent home buyers tend to do more, spend more and are more likely to hire professionals to help with their renovation projects than other homeowners. As the churn in the housing market picks up in the near future, the home renovation market should see meaningful growth,” says Nino Sitchinava, principal economist at Houzz, in the company’s press release.
An additional statistic surrounds Millennials, revealing that one in every five members of this generation will seek out home automation (19 percent). According to these results, Millennials and recent homebuyers are driving the technology boom. 26 percent of Millennials and 33 percent of recent homebuyers are avid about home technology.
Lastly, the results suggest strong promise for builders, remodelers and integrators in the industry. More than four in five homeowners (85 percent) sought professional help in their renovation projects.
For more great content, be sure to subscribe to our newsletters