How Much Should Your Kitchen Remodel Cost?
NEW YORK ( TheStreet) -- Topping the list of remodeling projects undertaken by American homeowners is the kitchen.
But what are homeowners spending to upgrade their kitchens?
Nationwide, the average cost of a kitchen remodel or addition, according to Houzz.com survey data, is $27,000. Taking a closer look at the nine census regions reveals some significant differences in what it costs homeowners in different areas to build the kitchen of their dreams:
Mountain region: the lowest cost, at an average of $20,800South Atlantic region: just shy of the national average, at $25,400 Pacific region: an average of $33,600 New England: the highest cost, at an average of $35,100 These averages don't tell the full story about regional spending differences when it comes to new kitchens. The study found higher budgets in many large cities, with San Francisco coming in at $43,500 and Boston at $41,200. Philadelphia also comes in significantly above the national average, at $35,000, as does Washington, D.C., at $32,000. Homeowners in Chicago, Minneapolis and Seattle spent around the national average for their new kitchen cabinets, appliances, countertops, lighting and flooring, at $30,400, $26,800 and $26,400, respectively. Renovated kitchens cost significantly less for homeowners in Dallas and Atlanta, who paid an average of $21,000 and $20,800 in those markets. Kitchens Remodels Dominate
Kitchens are overwhelmingly the No. 1 major remodeling project among U.S. homeowners surveyed, measured by past kitchen remodeling activity, future remodeling plans and renovation research. Of Houzz homeowners surveyed, 32% remodeled their kitchen in the past five years, and another 45% are planning to remodel their kitchen in the next two years. Houzz also calculates project popularity by looking at the number and type of images that homeowners are saving to their
For most Americans, the ideal kitchen starts with better storage. In fact, the most popular
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts