Kitchen remodeling remains a popular project

My 84-year-old father told us a joke at the dinner table last Sunday (remember, this is a joke): “A guy cutting down a tree with a chain saw accidentally severs his left pinkie. His wife rushes him to the local hospital, where the emergency-room doctor explains to him, ‘You have two choices. We can replace the finger using expensive experimental microsurgery—it’ll cost $75,000—or you can live a perfectly normal life without the digit. Which would you prefer?’

“The guy tells the doctor he needs to quickly talk it over with his wife. The wife comes in, and her husband asks her what he should do. She ponders the question for a moment and replies: ‘I’d rather have a new kitchen.’”

There’s a raunchy version of that joke, but its point is the same: People love to remodel their kitchens, and some are willing to give up a lot to do so. And even in the midst of the economic slump we’re in, kitchen remodeling remains popular in the United States. In fact, kitchen projects are estimated to be the biggest source of remodeling spending in 2008, garnering 18 percent of the total home- improvement dollars American consumers will shell out, according to the Home Improvement Research Institute’s 2007 Project Decision Study. (Adding a bathroom accounts for 7 percent of spending; replacing a roof, 8 percent.) The average kitchen remodel in 2007 cost $6,800, according to HIRI.

Some other interesting findings from the HIRI study:

• 46 percent of U.S. kitchen remodels were completely do-it-yourself, while 62 percent were at least partially DIY.

• “Buy-it-yourself,” or BIY, remodels—in which the consumer buys the products and has a contractor install them—account for 21 percent of kitchen remodels.

• Women initiate most kitchen-remodeling projects. Still, men initiated 31 percent of kitchen remodels, up from 18 percent in 2003.

• The use of built-in appliances in remodeled kitchens is growing. (Read our recent Q&A on the repair history of built-in refrigerators.)

• Average spending on kitchen remodeling projects has not increased much over the last two years.

With inflation on the rise, how have consumers managed not to spend more on their kitchen projects even as prices are increasing? The answer might lie in the BIY trend: Savvy homeowners who shop around for materials and appliances are making wise choices in the products they use and are getting good deals.—Karin Weisburgh, Senior Research Analyst

Essential information: Be a smart shopper yourself and read our report on where to buy appliances.

Comments

[Home Remodeling]

Home-improvement spending is unlikely to improve until 2009, and the second half of 2008 is shaping up to be weaker than the first, according to Harvard University's Joint Center for Housing Studies.
http://contractor-remodeling-home-repair.blogspot.com

[home kitchen remodeling]

informative blog...

[Bleed]

I do not believe that the spending on kitchen remodels will increase in 2009. Last year we have noticed an decrease in 31% in kitchen remodeling sales. DIY is kinda more popular these days, but the lack of experience by a home owner could lead to many costly mistakes.

[brown]

There’s a raunchy version of that joke, but its point is the same: People love to remodel their kitchens, and some are willing to give up a lot to do so. And even in the midst of the economic slump we’re in, kitchen remodeling remains popular in the United States. In fact, kitchen projects are estimated to be the biggest source of remodeling spending in 2008, garnering 18 percent of the total home- improvement dollars American consumers will shell out, according to the Home Improvement Research Institute’s 2007 Project Decision Study. (Adding a bathroom accounts for 7 percent of spending; replacing a roof, 8 percent.) The average kitchen remodel in 2007 cost $6,800, according to HIRI.

[richie turkum]

just finished our remodel. It was a lot of fun, sometimes stressful and really fun to make all the choices and then seeing the final product.