I am often asked by clients looking to update their homes prior to listing them for sale, what home buyers are looking for. Most people consider the kitchen to be the heart of their home so if you invest in one thing to update your home, then the kitchen is the first place to start as you can expect to recoup the majority of your investment. The caveat is to not go overboard and to make sure that the updated kitchen continues to fit with the rest of the residence.
If you are looking to renovate your kitchen, here is what's hot and what's not as per the 2018 Kitchen Trends Report released by Houzz.
Storage, Storage and More Storage Please!
The majority of homeowners surveyed in the Houzz report prioritize storage over all other functions of their kitchens, with ease of working, playing, living, or entertaining not far behind. Aside from function, style and beauty are considered the most important aspects of a well-designed kitchen. 63% of homeowners said adequate storage was the most important feature in a kitchen, followed by the need for space to easily work, play and live (38%) entertain (32%) and clean (32%).
Countertops Take 1st Place
42% of homeowners surveyed splurged countertops during their kitchen renovations, followed by 36%-29% on appliances, and 31% on cabinets, preferring to save money when it comes to flooring, backsplashes, and lighting fixtures. Engineered quartz is now the most popular material (43%), having a greater share in 2017-18 compared with the previous two years. In contrast, the classic look of granite is on a three-year decline (34%, 40% and 43%, respectively).
Transitional Versus Ultra Modern
In the past twelve months 87% of homeowners surveyed decided to make a change to the style of their existing kitchens. Where as the ultra modern or traditional were popular two years ago, we are seeing more of a shift to transitional (25%), contemporary (17%) or farmhouse style. Homeowners are also moving away from a more traditional U-shaped kitchen (26%) to an L-shaped layout (35%).