In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.
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Houzz says these kitchen trends will take off in 2024
Notably, renovators are less likely than they were a year ago to undergo kitchen modifications for the purpose of improving the home’s resale value.
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Homeowners are willing to spend big money for these bathroom trends
Among the top upgrades: large showers.
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Expect more growth in the home renovation industry, Houzz reports
Houzz, the home remodeling and design platform, has released its annual U.S. State of the Industry report which reveals a four-year high in revenue growth.
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