Slideshow: The Real Cost of Home Improvement

By Ben Steverman - 2012-11-26T19:03:24Z

Photograph by David Papazian/Getty Images

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New Kitchen

Average cost: $24,766

The kitchen is the most popular room for upgrades other than the bathroom, with the Houzz survey showing 48 percent of respondents plan to renovate their kitchen in the next two years. Perhaps surprisingly, men and homeowners without children are most interested in renovating their kitchens. The cost of a new kitchen can vary: Owners of homes worth $300,000 or less managed to spend $12,601, about half the overall average.

Homeowners recoup 66 percent of the cost for a major kitchen remodel and 72 percent for a minor one. New kitchen cabinets have a life span of up to 50 years.

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