Remodeling trends change with the times just like everything else, and we’re seeing a big change in the most popular home renovation this year. Realtor.com has the details.
The hottest remodeling jobs of the year aren’t all about installing new kitchen cabinets or countertops, putting an eye-catching backsplash above the stove, or adding a sleek yet functional kitchen island. Instead, 2018 is all about the john.
According to HomeAdvisor’s 2018 True Cost report, almost 25% of the remodeling work planned by homeowners is focused on the bath, as opposed to the 15% that will be making their kitchen this year’s project.
When planning your own remodel, put some thought into what you really want, because a bathroom renovation has an incredibly wide price range.
The average bathroom remodel cost an average of $9,724. Project costs ranged from $2,500 on the low end, for refinishing existing countertops, installing new flooring and fixtures, or slapping on a new coat of paint, to more than $24,000 for those going all out for a gut rehab.
When it comes to spending, millennials are on the low end of the spectrum, but they complete more projects than older generations.
That may be because they’re more likely to have purchased cheaper fixer-uppers versus pricier, move-in ready abodes.
Baby boomers spend the most, with Gen X somewhere in the middle.
Aging In Place
Speaking of the boomers, they’re most likely to be remodeling with an eye to the future.
“They’re getting everything working in tiptop condition so that when they’re no longer in tiptop shape, they won’t have to worry about it… While they’re doing necessary work, they’re thinking they might as well add a grab bar or putting in a reinforcement to allow them to screw in a grab bar later.”
Just The Beginning
With the economy improving, we expect a lot of these numbers will continue to grow.
Overall, homeowners spent an average $6,649 on improvements to their abodes in the past 12 months, according to the report. About two-thirds of those surveyed expect to spend the same or more over the next year.
Do you have remodeling plans for this year or next? Tell us about them in the comments!