Home Renovation Pulse Report

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We pay attention to our customers’ preferences, and that’s why we’ve analyzed the data they produce by using our tools, and come to some conclusions about the industry that we want to share.The Home Renovation Pulse report highlights trends on spending, popular finish levels, average project costs, and what users are building in different geographic locations.We believe this data can be used in a number of ways – manufacturers of home renovation materials can gain insight into what consumers want, industry journalists can find figures and story material, and loan officers can gain a better idea of what popular projects cost in different areas.Visit Kukun's Website: http://mykukun.com/Read Kukun's Blog: http://mykukun.com/category/blog/

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Content

THE  PULSE

The  Home  Renova1on  Pulse  Report  
Nov  2015
All  rights  reserved.  Kukun,  Inc.    November  2015

Introduc1on
Kukun  is  transforming  the  home  renova2on  industry  by  bringing  it  online.  Kukun  provides  
homeowners  tools  to  es2mate  the  cost  of  their  renova2on  projects  and  learn  how  they  will  impact  
the  value  of  a  home.    
Homeowners  have  tried  our  tools,  and  es2mated  a  wide  variety  of  projects  since  our  so>  launch  in  
February  2015.  Kukun’s  Home  Renova2on  Pulse  Report  is  an  analysis  of  this  massive  amount  of  
user-­‐generated  data  which  enable  us  to  an2cipate  home  renova2on  trends,  and  can  poten2ally  
benefit  mul2ple  stakeholders,  including  those  who  report  on  the  industry,  manufacturers,  retailers,  
and  banks  that  o>en  finance  renova2on  projects.    
The  report  includes  informa2on  on  spending  trends,  desired  finish  levels,  average  project  costs,  and  
popular  projects  by  state.  For  more  informa2on,  send  us  a  note  at  [email protected].    
The  Kukun  Data  Team
All  rights  reserved.  Kukun,  Inc.    November  2015

Overview
#  of  Projects

Total  Es1mated  
Cost

About  88%  of  the  projects  

12%

es=mated  using  Kukun’s  tools  are  

19%

remodeling  projects..      
While  the  propor=on  of  addi=on  
and  remodeling  projects  remain  

88%

same  compared  to  the  last  quarter,  

81%

we  observed  an  increase  of  8%  in  
spending  on  addi=on  projects
Addi=on

Remodeling

All  rights  reserved.  Kukun,  Inc.    November  2015

Addi=on

Remodeling

Addi1ons
#  of  Projects
Of  the  addi2on  projects  es2mated  using  

Total  Es1mated  
Cost

Kukun's  tools,  bedrooms  and  bathrooms  are  
the  most  popular.  These  two  projects  make  

26%

27%

up  50%  of  the  total  addi2ons  es2mated.    

6%
8%
9%

Based  on  Kukun’s  Projected  Home  Value  

23%

algorithm,  adding  a  bathroom  or  a  bedrooms  

21%

29%

18%

7%
12%

has  a  greater  ROI  than  adding  a  sun  room,  

13%

great  room,  or  family  room.
Full  Bathroom
Garage

Bedrooms
Half  Bathroom

Kitchen
Other*

Bedrooms
Kitchen

All  rights  reserved.  Kukun,  Inc.    November  2015

Full  Bathroom
Great  Room

Garage
Other*

*  for  more  informa=on  on  project  types,  visit  www.mykukun.com

Renova1ons
#  of  Projects
For  remodeling  projects,  kitchens,  bathrooms,  and  

Total  Es1mated  
Cost

bedrooms  are  the  most  popular.  These  projects  
cons2tute  more  than  60%  of  the  remodeling  projects  

25%

28%

4%
6%

configured  with  Kukun.    
Although  commonly  lauded  as  a  popular  renova2on  

21%

project  with  a  posi2ve  ROI,  the  number  of  Kukun  

16%

15%
3%
3%
4%
61%

15%

users  es2ma2ng  window  replacement  projects  was  
surprisingly  low.  Only  3%  of  the  projects  were  
Kitchen
Living  Room

Full  Bathroom
Dining  Room

Bedrooms
Other*

window  replacement.  
The  expense  on  Kitchen  has  increased  from  38%  to  

Kitchen
Great  Room

Full  Bathroom
Living  Room

Bedrooms
Other*

61%  compared  to  August.  

All  rights  reserved.  Kukun,  Inc.    November  2015

*  for  more  informa=on  on  project  types,  visit  www.mykukun.com

Finish  Level  Addi1ons
Total  Es%mated  Cost  ($)

Frac%on  of  Addi%on  Projects  (%)

Using  our  tools,  people  can  choose  3  

Pool  Room

Pool  Room

different  finish  levels  for  their  projects-­‐   Guest  House  with  Kitchen

Guest  House  with  Kitchen

Game  Room

Good,  BeZer,  and  Best.  

Game  Room

People  are  usually  looking  for  BeZer  

Home  Theater
Hallways/Common  Areas

Home  Theater
Hallways/Common  Areas

finish  levels  for  their  projects  indica=ng  

Full  Bathroom

Family  Room

a  strong  trend  of  home  owner’s  

Family  Room

Dining  Room

seeking  for  a  trade-­‐off  between  

Dining  Room

Great  Room

amount  spent  and  quality*.  

Full  Bathroom

Half  Bathroom

Great  Room
Half  Bathroom
Bedrooms

Bedrooms

Except  for  Kitchen  and  Pool  room,  

Kitchen

intermediate  finish  levels  are  preferred  

Entryway/Foyer
Sunroom

for  all  the  projects.  

Garage

Kitchen
Entryway/Foyer
Sunroom
Garage
Living  Room

Living  Room

Guest  House

Guest  House

US$  0
0%

2%

4%

Best

6%

8%

BeZer

10%

12%

14%

US$  10,00,000

US$  20,00,000

US$  30,00,000

US$  40,00,000

US$  50,00,000

US$  60,00,000

16%

Best

Good

All  rights  reserved.  Kukun,  Inc.    November  2015

BeZer

Good

*  for  more  informa=on  on  finish  levels,  visit  www.mykukun.com

Finish  Level  Renova1ons
Frac%on  of  Renova%on  Projects  (%)

Total  Es%mated  Cost  ($)

Pool  Room

Pool  Room

Game  Room

Game  Room

Home  Theater

Home  Theater

Hallways/Common  Areas

Hallways/Common  Areas

Full  Bathroom

Full  Bathroom

Entryway/Foyer

Entryway/Foyer

Similar  to  addi=on,  for  remodeling  also,  

Family  Room
Dining  Room

beZer  is  the  most  preferred  finish  level  

Half  Bathroom

for  home  owners  as  it  gives  trade-­‐off  

Bedrooms

between  money  spent  and  quality.

Great  Room
Kitchen

Family  Room
Dining  Room
Half  Bathroom
Bedrooms
Great  Room
Kitchen

Window  Replacement

Window  Replacement

Guest  House  with  Kitchen

Guest  House  with  Kitchen

Garage

Garage

Living  Room

Living  Room

Guest  House

Guest  House

Sunroom

Sunroom
0%

2%

4%

Best

6%

BeZer

8%

10%

12%

14%

Good

US$  0

US$  2,00,00,000

Best

All  rights  reserved.  Kukun,  Inc.    November  2015

US$  4,00,00,000

BeZer

US$  6,00,00,000

US$  8,00,00,000

US$  10,00,00,000

Good

*  for  more  informa=on  on  finish  levels,  visit  www.mykukun.com

Renova1ons
Guest  House  with  Kitchen
Great  Room
Pool  Room
Guest  House
Kitchen
Game  Room
Home  Theater
Garage
Sunroom
Family  Room
Install  a  Wood  Deck
Full  Bathroom
Dining  Room
Living  Room
Window  Replacement
Bedrooms
Hallways/Common  Areas
Install  Air  Condi=oning
Repipe  House  Water  Supply  Lines
Replace  Furnace
Entryway/Foyer
Half  Bathroom
Install  Can  Ligh=ng
Install  Entry  Door
Remove  Popcorn  Ceiling  Texture
Upgrade  Electrical  Panel
Replace  Hot  Water  Heater

US$  82,773
US$  69,407
US$  66,991
US$  56,056
US$  52,271
US$  41,505
US$  31,341
US$  27,121
US$  19,620
US$  19,432
US$  18,543
US$  15,977
US$  11,594
US$  10,478
US$  10,207
US$  9,573
US$  9,389
US$  6,084
US$  3,351
US$  3,226
US$  3,152
US$  2,927
US$  2,688
US$  2,034
US$  1,940
US$  1,501
US$  1,237

US$  0

US$  10,000US$  20,000US$  30,000US$  40,000US$  50,000US$  60,000US$  70,000US$  80,000US$  90,000

All  rights  reserved.  Kukun,  Inc.    November  2015

Guest  Houses  with  Kitchens  are  the  
most  expensive  projects.  This  is  
followed  by  Great  room,  Guest  House,  
Pool  room,  and  Kitchen.  These  projects  
cost  more  than  50,000$  on  average.  
Bedroom,  Bathroom,  Kitchen,  the  
three  most  popular  projects  
approximately  cost  around  9k$,  16k$  
and  52k$  respec=vely.

State  Distribu1on
%  OF  PROJECTS
30%
22.5%
15%
7.5%
0%

California  state  has  the  most  
CA TX FL NY WA GA NJ PA MI MA NC VA IL OH IN AL MD CO MO OR LA TN KY AZ OK MN AR KS IA CT WI UT SC RI NV MS NH DC WV Mt ID ME NM HI WY VT AK SD DE NE ND

renova=on  projects  followed  by  Texas,  
Florida  and  New  York.  These  cons=tute  

%  OF  TOTAL    ESTIMATED  COST
20%
15%
10%
5%
0%

CA TX FL NY WA GA NJ PA MI MA NC VA IL OH IN AL MD CO MO OR LA TN KY AZ OK MN AR KS IA CT WI UT SC RI NV MS NH DC WV Mt ID ME NM HI WY VT AK SD DE NE ND

All  rights  reserved.  Kukun,  Inc.    November  2015

around  45%  of  our  projects.    

US$  0
SAN  FRANCISCO
NEW  YORK
PORTLAND
SAN  JOSE
ATLANTA
HOUSTON
SEATTLE
LOS  ANGELES
SAN  MATEO
MIAMI
DENVER
MENLO  PARK
AUSTIN
MOUNTAIN  VIEW
DALLAS
WASHINGTON
CHARLOTTE
BROOKLYN
SUNNYVALE
PALO  ALTO
SAN  ANTONIO
PHILADELPHIA
SAN  DIEGO
JACKSONVILLE
US
CHICAGO
COLUMBUS
PHOENIX
ORLANDO
SAINT  LOUIS
CUPERTINO
OAKLAND
ARLINGTON
LOUISVILLE
BEVERLY  HILLS
WEST  PALM  BEACH
INDIANAPOLIS
RALEIGH
POMPANO  BEACH
LITTLETON
LITTLE  ROCK
LOS  ALTOS
FALLS  CHURCH
OKLAHOMA  CITY
TAMPA
CINCINNATI
LAFAYETTE
KANSAS  CITY
MADISON
WILMINGTON
LONG  BEACH
RICHMOND
JACKSON
BELLEVUE
BIRMINGHAM
METAIRIE
STANFORD
BOCA  RATON
MOBILE
SPRING
GREENVILLE
BATON  ROUGE
FORT  LAUDERDALE
RACINE
REDWOOD  CITY
Portland
SAVANNAH
SAINT  PETERSBURG
MIAMI  BEACH
BOSTON
DECATUR
ERIE
PARIS
NAPLES
MARIETTA
HOLLYWOOD
BELMONT
FAYETTEVILLE
SANTA  CLARA
SAINT  PAUL
SPRINGFIELD
SALT  LAKE  CITY
ROANOKE
BEDFORD
FORT  WORTH
FERNANDINA  BEACH
JERSEY  CITY
NEW  ORLEANS
ROCHESTER
SAN  CARLOS
BOTHELL
BALTIMORE
CONCORD
SANTA  ROSA
DETROIT
POUGHKEEPSIE
SUGAR  LAND
CHARLOTTESVILLE
MINNEAPOLIS
CHARLESTON

0%

SAN  FRANCISCO
NEW  YORK
PORTLAND
SAN  JOSE
ATLANTA
HOUSTON
SEATTLE
LOS  ANGELES
SAN  MATEO
MIAMI
DENVER
MENLO  PARK
AUSTIN
MOUNTAIN  VIEW
DALLAS
WASHINGTON
CHARLOTTE
BROOKLYN
SUNNYVALE
PALO  ALTO
SAN  ANTONIO
PHILADELPHIA
SAN  DIEGO
JACKSONVILLE
US
CHICAGO
COLUMBUS
PHOENIX
ORLANDO
SAINT  LOUIS
CUPERTINO
OAKLAND
ARLINGTON
LOUISVILLE
BEVERLY  HILLS
WEST  PALM  BEACH
INDIANAPOLIS
RALEIGH
POMPANO  BEACH
LITTLETON
LITTLE  ROCK
LOS  ALTOS
FALLS  CHURCH
OKLAHOMA  CITY
TAMPA
CINCINNATI
LAFAYETTE
KANSAS  CITY
MADISON
WILMINGTON
LONG  BEACH
RICHMOND
JACKSON
BELLEVUE
BIRMINGHAM
METAIRIE
STANFORD
BOCA  RATON
MOBILE
SPRING
GREENVILLE
BATON  ROUGE
FORT  LAUDERDALE
RACINE
REDWOOD  CITY
Portland
SAVANNAH
SAINT  PETERSBURG
MIAMI  BEACH
BOSTON
DECATUR
ERIE
PARIS
NAPLES
MARIETTA
HOLLYWOOD
BELMONT
FAYETTEVILLE
SANTA  CLARA
SAINT  PAUL
SPRINGFIELD
SALT  LAKE  CITY
ROANOKE
BEDFORD
FORT  WORTH
FERNANDINA  BEACH
JERSEY  CITY
NEW  ORLEANS
ROCHESTER
SAN  CARLOS
BOTHELL
BALTIMORE
CONCORD
SANTA  ROSA
DETROIT
POUGHKEEPSIE
SUGAR  LAND
CHARLOTTESVILLE
MINNEAPOLIS
CHARLESTON

City  Distribu1on
%  OF  PROJECTS

30%

22.5%

15%

7.5%

TOTAL    ESTIMATED  COST

US$  90,00,000

US$  67,50,000

US$  45,00,000

US$  22,50,000

All  rights  reserved.  Kukun,  Inc.    November  2015

Return  on  Investment  (ROI)  
Bedrooms

67%

Dining  Room

98%

Family  Room

93%

Full  Bath

75%

Full  Bathroom

88%

Game  Room

94%

Garage

52%
66%

Great  Room
Guest  House

150%

Guest  House  with  Kitchen

142%

Half  Bathroom

78%

Hallway-­‐Common  areas

150%
116%

Hallways/Common  Areas
Home  Theater

80%

Home  Theater  Room

80%
51%

Install  Air  Condi=oning

49%

Install  Entry  Door

83%

Kitchen

92%

Living  Room

27%

Pool  Room

81%

Repipe  House  Water  Supply  Lines

97%

Replace  Hot  Water  Heater

73%

Sunroom

84%

Window  Replacement
0

27

53

80

107

133

All  rights  reserved.  Kukun,  Inc.    November  2015

160

StateWise  Return  on  
Investment  
67%
76%

California

82%
46%

90%
75%

Florida

88%

59%
70%

New  York

83%
35%

71%
95%

Texas

88%
36%
0%

20%

40%

Bedroom

Full  Bath

60%

Kitchen

80%

Garage

All  rights  reserved.  Kukun,  Inc.    November  2015

100%

KUKUN  TRENDS

All  rights  reserved.  Kukun,  Inc.    August  2015

Living  Room
Family  Room
Full  Bath

Kitchen
Bedrooms
Windows  Replacement

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

2015-­‐10

2015-­‐09

Interest

Kitchen
Bedrooms
Windows  Replacement

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Popular  Renova2on  Projects

www.mykukun.com

Living  Room
Family  Room
Full  Bath

Kukun Data Team

www.mykukun.com

Garage
Great  Room
Half  Bathroom

Sunroom
Dining  Room
Game  Room
Home  Theater  Room

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

2015-­‐10

2015-­‐09

Interest

Home  Theater  Room
Game  Room
Dining  Room
Sunroom

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Room  Renova2on

Half  Bathroom
Great  Room
Garage

Kukun Data Team

www.mykukun.com

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Windows  Replacement
Install  A  Wood  Deck
Install  Entry  Door

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Exterior  Projects

Windows  Replacement
Install  A  Wood  Deck
Install  Entry  Door

Kukun Data Team

www.mykukun.com

Install  Air  Condi2oning
Replace  Hot  Water  Heater
Replace  Furnace
Install  Can  Ligh2ng
Repipe  House  Water  Supply  Lines
Upgrade  Electrical  Panel

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest
2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Energy  Efficient  Projects

Upgrade  Electrical  Panel
Repipe  House  Water  Supply  Lines
Install  Can  Ligh2ng
Replace  Furnace
Replace  Hot  Water  Heater
Install  Air  Condi2oning

Kukun Data Team

www.mykukun.com

Garage
Kitchen
Full  Bath

Half  Bathroom
Family  Room
Bedrooms

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

2015-­‐10

2015-­‐09

Interest

Half  Bathroom
Family  Room
Bedrooms

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

2015-­‐04

Interest

Popular  Addi2on  Projects

Garage
Kitchen
Full  Bath

Kukun Data Team

Average  Cost  -­‐  Popular  
Renova2on  Projects

www.mykukun.com

22,500$

15,000$

7,500$

Windows  Replacement
Living  Room

Family  Room
Kitchen

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

0$
2015-­‐04

Average  Project  Cost

30,000$

Bedrooms
Full  Bath

Kukun Data Team

Average  Cost  -­‐  Popular    
Room  Projects

www.mykukun.com

60,000$

40,000$

20,000$

Sunroom
Half  Bathroom
Great  Room
Garage

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

0$
2015-­‐04

Average  Project  Cost

80,000$

Guest  House
Dining  Room
Game  Room

Kukun Data Team

Average  Cost  -­‐  Exterior  Projects
www.mykukun.com

22,500$

15,000$

7,500$

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

0$
2015-­‐04

Average  Project  Cost

30,000$

Install  Entry  Door
Install  A  Wood  Deck
Windows  Replacement

Kukun Data Team

Average  Cost  -­‐  Energy  
Efficient  Projects

www.mykukun.com

12,000$

8,000$

4,000$

Install  Air  Condi2oning
Replace  Furnace
Install  Can  Ligh2ng
Upgrade  Electrical  Panel

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

0$
2015-­‐04

Average  Project  Cost

16,000$

Replace  Hot  Water  Heater
Hallway-­‐Common  areas
Repipe  House  Water  Supply  Lines
Entryway-­‐Foyer
Kukun Data Team

Average  Cost  -­‐  Room  Addi2ons
www.mykukun.com

45,000$

30,000$

15,000$

Half  Bathroom
Family  Room
Bedrooms

2015-­‐10

2015-­‐09

2015-­‐08

2015-­‐07

2015-­‐06

2015-­‐05

0$
2015-­‐04

Average  Project  Cost

60,000$

Garage
Kitchen
Full  Bath

Kukun Data Team

www.mykukun.com

Interest

StateWise  Popular  Renova2on  
Projects

California

Full  Bath
Bedrooms

Texas

New  York

Florida

Windows  Replacement
Living  Room

Washington  

Family  Room
Kitchen
Kukun Data Team

StateWise  Renova2on  Costs  -­‐  
Popular  Projects

www.mykukun.com

50,000$

Average  Project  cost

37,500$

25,000$

12,500$

0$
California

Texas

Full  Bath
Family  Room
Living  Room

New  York

Florida

Washington  

Windows  Replacement
Bedrooms
Kitchen
Kukun Data Team

StateWise  Exterior  Project  Costs
www.mykukun.com

40,000$

Average  Project  cost

30,000$

20,000$

10,000$

0$
California

Texas

Windows  Replacement

New  York

Florida

Install  A  Wood  Deck

Washington  

Install  Entry  Door

Kukun Data Team

StateWise  Energy  Efficient  Project  
Costs

www.mykukun.com

7,000$

Average  Project  cost

5,250$

3,500$

1,750$

0$
California

Texas

New  York

Install  Air  Condi2oning
Replace  Furnace
Repipe  House  Water  Supply  Lines

Florida

Washington  

Replace  Hot  Water  Heater
Install  Can  Ligh2ng
Upgrade  Electrical  Panel
Kukun Data Team

StateWise  Room  Addi2on  Costs
www.mykukun.com

Average  Project  cost

70,000$

52,500$

35,000$

17,500$

0$
California

Texas

Full  Bath
Garage

New  York

Bed  Rooms
Half  BathRoom

Florida

Washington  

Family  Room
Kitchen

Kukun Data Team

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