As the holiday approach, Realtor.com's Yuqing Pan takes a look at how the kitchen has become the most obsessed-about and valuable room in the home as Americans spend more and more time there. The way families cook and eat today shapes the features that buyers want in their kitchens and drives how much they're willing to pay for them. Here's what Yuqing and his data team found:
A trophy kitchen sells your home better than anything else
In real estate, the data proves that the kitchen has become the most important room in home buying and selling. Of all homes listed for sale on realtor.com®, 69% of them tout the kitchen as a selling point in their descriptions, compared to 49% that mention the bedrooms and 21% that mention the living room. Homes that include a “killer kitchen” or “luxury kitchen,” as described by the sellers, sell 8% faster than similar-sized homes in the same ZIP code.
Small homes no longer mean small kitchens
Homes in the Mid-Atlantic region—New York and Pennsylvania—have the largest kitchens (at an average of 170 square feet); while the wide-open West North Central region—the Dakotas, Minnesota, and Iowa—have the smallest kitchens (153 square feet), according to a report from the American Kitchen and Bathroom Association. While larger homes tend to have larger kitchens, the scale of the increased kitchen size is not proportional to the overall home, the report notes.
Some features add big value, some don’t
As we can see from our listings, some features are better at adding value than others. Custom cabinets that pull the kitchen together, a center island that holds everything you need, and a capacious pantry to stock with your favorite essentials are among the most frequently mentioned features. At the opposite end of the spectrum, you should probably stay away from over-the-stove microwaves, maple cabinets, and 4 x 4 tile floors—those are so yesterday.
The nation is split—between open kitchens and formal dining rooms
the formal dining room still has a hold on some parts of the country. For each state, we counted the number of homes in our listings that mention explicitly whether they have an open kitchen or a formal dining room. In New England, where many of the country’s oldest homes tend to be smaller, opening up the kitchen and creating a feeling of space is the focus of many home renovation projects. In the Southwest, where balmy weather dominates most of the year, an open floor plan increases natural light and the connection to the outdoors. This does not apply in the South, where the formal dining room has been a tradition for centuries. People are far more likely there to enjoy their turkey with all the family in a separate dining room, often lit up with chandeliers and adorned with plush drapery.