In dollars and cents, homeowner respondents say they are willing to pay an average of $17,172 to remodel their kitchen, up from $13,859 last spring, with the growth of potential resale value serving as a primary driver (32 percent say it is the most important), PRODUCTS Magazine reports. Respondents who have owned their homes for less than five years were more invested in adding resale value (36 percent) than were their counterparts who have owned their homes longer (30 percent).
Along with the increase in average spend came a rise in consideration for smart home technology. Sixty-eight percent of respondents agreed that it is important to consider smart and connected products when making decisions about home design.
The survey also found that 36 percent of homeowners believe smart home products will be the most prevalent new design element in the next 10 years, beating out sustainable materials (24 percent) and customized products (19 percent).