Houzz Stat: Homeowners' renovation spending

Among first-time home buyers, credit card funding is especially popular -- 39% used plastic to pay for their projects.

Kitchen remodels average $19,100. Remodeling a kitchen is among the most popular renovation projects, and the average homeowner spend for doing so stayed steady year over year, at $19,100 for renovations in 2016, compared with $18,900 in 2015.

Master bathroom remodels average $11,700. Similarly, the average price tag for master bathroom renovations rose to $11,700, a small uptick from the prior year’s average of $11,300.

See a breakdown of bathroom remodel costs

Budgetary matters. The No. 1 renovation challenge, cited by 36 percent of homeowners who renovate, is staying on budget. Finding the right products and materials was the second most common challenge, followed by finding the right service providers. 

Read the full 2017 Houzz & Home Report here.

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