Your home's value is directly tied to multiple factors such as age, location, price and of course, the way it looks like. Therefore, if you're planning to boost your home value in order to sell it in the future, it's important to consider the latest home renovation trends.
That will show potential home buyers that you're a serious person who values their property. So for that reason, here are some renovation trends that you might want to consider if you're looking to increase your home value.
1. Home Offices
Open-space concept has been quite popular in the past few years, but recently, their popularity has started to wane. However, that doesn't mean that this is the end of multipurpose spaces. On the contrary, multifunctional rooms are going to be en vogue, especially as many people are looking to downsize.
If you're working from home, then having an office space may possibly be used for something else. Therefore, renovating your rooms to accommodate different intentions will surely make your home seem more attractive to potential buyers.
2. Built-in storage
Storage is always something we need, no matter the size of the home we live in. And when it comes to the latest home design trends, it's safe to say that built-in storage will be very popular this year.
There are different types of built-in storage: hidden, open and closed. So whether you opt for open shelves, cubbies in a mudroom or pull-out shelves, one thing's for certain: you'll definitely benefit from plenty of storage, even if you enjoy a minimalist lifestyle.
And clients will appreciate the fact that your home already has storage options in place, since it'll show that they won't be struggling with clutter if they decide to purchase your home.
3. Bold, vibrant wallpapers
If you enjoy bright colors and bold accents, then wallpaper is an amazing choice to accentuate that. The good news is, the vibrant 1970s aesthetics is about to make a comeback, so if you want to spruce up your home, then vintage-inspired, colorful wallpapers are the best solution.
Also, bold wallpaper can work in any room, including dining rooms and bathrooms. They're also a great way to showcase your personality and make your home look more inviting. The greatest benefit of wallpapers is that they're easy to install and remove, which is why they will be prominent and popular among many homeowners.
4. Spa bathroom
Bathroom is an important part of one's home, no matter where you happen to live. After all, people want a luxury at-home experience, regardless of where they live. Enjoying a spa experience in the comfort of your home is an amazing way to rest and unwind after a long day at work.
So a large bathtub, a stand-up, walk-in shower, low lights and serene colors are all welcome in a spa bathroom. The large bathtub can provide a truly wonderful spa-like experience, plus it's easy to upkeep.
In case you encounter an issue, you can always hire Chiswick Plumbing services and take care of it. Once you make sure that your plumbing is fully functioning, you can start enjoying your renovated bathroom as a truly luxurious spa.
5. A modern-looking kitchen
If there's a thing that will deter buyers, it's an old-looking, outdated kitchen. A kitchen remodel is one of the most impactful renovation projects to increase your home's market value.
So feel free to upgrade the light fixtures, countertops and appliances that you use, such as a wine fridge. Kitchen islands and natural materials are popular remodeling trends.
The latter is also a great investment, together with any other modern updates that will attract potential buyers. If there's a home renovation project that you're planning this year, then kitchen remodel is the best place to start.
Also, keep in mind that, in this case, a minimalist approach is a safe way to upgrade your kitchen, as that will showcase your kitchen in the best light.
6. Spruce up the outdoor space
The curb appeal (with the rest of exterior space) is the first thing people notice about your home. Therefore, make sure to beautify the entry door and the front porch.
Also, if you have a backyard, it's essential to trim the tree branches, mow the lawn and take care of greenery, so everything will look balanced and pretty. A patio is also a reasonable investment, together with a pergola.
Home owners are looking to spend more time in the back yard, and outdoor kitchens are a growing trend. These outdoor rooms are a popular trend, become and extension of the home and can add to your property value.
All of these features are highly sought-after among many home buyers. In case you have a shed, feel free to spruce it up as well, in order to showcase its potential.
Installing water features could also be part of your outdoor renovations.
7) Energy Efficiency
With rising energy costs, energy efficiency will the on the minds of many homebuyers. Here, check your local or federal governments, as incentives may be available to help you. For example, last year the US Government incentivized american homeowners to become more energy efficient thru the Energy Efficiency Home Improvement Credit.
Even without incentives, installing solar panels, water-saving taps and fixtures and energy efficient furnaces is always a good idea.
8) Your Laundry Room
Not having to go into the basement (if your home has one) or down to any other floor, in order to do laundry is a nice feature that can save a lot of time. Placing that laundry room on the same level as the bedrooms and master bathroom is a great idea. Something as small as a closet, or perhaps an unused storage room can become a dedicated space for the washer and dryer.
9) Incorporating Technology
Farris Wu, founder and CEO of Decor Matters is quoted: “We expect the interior design industry in 2022 to make huge advancements in terms of technology. Digital interior design was already rising before COVID, and now that designers and homeowners have practiced social distancing, we see the efficiency of online interior design becoming even bigger….”
Look around: Technology is advancing at a break-neck pace in recent years. Cell phones are now much more than just communication devices. With them, we can control our living room lights, our home's temperatures and security systems.
Look for the remodeling industry to incorporate more technology in their design styles.
The bottom line on renovation trends
These home improvements are going to be more prominent in the coming years. As long as you remember to take care of the plumbing, wiring and the outdoors, your home will be functional and safe. Also, in-built storage space, bold wallpapers and spa-like bathrooms are top home renovation trends that will definitely make your property more attractive and valuable.
Bonus: Interior Design and Decor Trends 2023
Enjoy this video. One of the first things the author says is to remodel for YOURSELF.
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About the PublisherBo Kauffmann is a residential real estate agent with over 18 yrs experience in helping buyers and sellers achieve their goals. Inducted into the REMAX Hall of Fame in 2010 and receiving the REMAX Lifetime Achievement Award in 2019, Bo has sold over 500 houses and condos in the Greater Winnipeg market. He is an accredited buyer representative (A.B.R.) and a Luxury Home Marketing Specialist. Bo provides exceptional service to First-Time Home-Buyers, Seniors looking to downsize and Home Sellers of all ages. He can be reached easily By E-Mail or call/text him Call/Text Here
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