Source: Realtor.com (Clare Trapasso)
A lack of homes on the market coupled with soaring real estate prices is leading more homeowners to make the most of their current abodes, particularly the kitchens. And why not? It’s often less stressful, and sometimes even more cost-effective, than getting baited into a bidding war over one of the few good properties for sale.
About 10.2 million households, or a little less than 10% of all American households, had kitchen remodeling or replacement work done in 2015, according to a recent report from the National Kitchen & Bath Association. About half, 48%, of what they spent on kitchen remodeling projects went toward new cabinets and appliances.