Timeless renovations are the main focus this year as inflation affects the home improvement space.
The past year has been a roller coaster ride for the housing industry. Home prices and interest rates soared, while inflation stagnated new construction and raised the cost of materials. This has caused many to stay put and invest their money in home improvements. In 2023, the home improvement market is expected to grow with trends like energy-efficient upgrades, modern paint colors, and smart home tech. These projects can help homeowners save money and create a space that reflects their style. Homeowners should do their research to make sure they are investing in the most cost-effective and stylish projects.
More Is Better When it Comes to Size
Homeowners are taking advantage of being inside while experiencing the beautiful views outside. Glass panels and windows are getting bigger and taller, for a better connection with nature. Multi-slide and bi-fold doors are popular, with retractable screens offering the chance to bring the outdoors in. Mental health benefits come with looking at natural scenes, and these trends are a way to bring the vision of the outside to indoor spaces.
An Oasis of Comfort
Travel is on the rise! People are itching for that well-deserved break, and when they get to their destination, they want the best. In 2020 and 2021, sales of vacation homes skyrocketed, with people looking to turn their own homes into their version of paradise. Homeowners are now investing in and renovating their second properties to make them even more luxurious. It’s the perfect way to make the most of a getaway.
A Place to Call Home
Open-concept floor plans may be the popular choice for new builds, but many homeowners are seeking out small, private spaces to escape the hustle of home life. A reading nook, an office-craft room, or even an accessory dwelling unit (ADU) in the backyard are all great ideas for creating a peaceful retreat. ADUs can also be used for multi-generational living or hosting overnight guests.
Do More With Less Effort
Marvin Awaken Skylights are the latest smart home innovation. Connect them to Amazon Alexa or Google Assistant for automated, climate-responsive control. With four-sided ventilation for efficient air circulation, sensors that detect rain and alert you to changes in air quality, and tunable lighting that adjusts to natural light, these skylights are the perfect addition to your smart home.
An Environmental Perspective
Sustainability is a must-have for today’s homeowners. To help offset the substantial volume of waste material generated when building a home, homeowners are increasingly conscious about choosing high-quality materials that will last for years to come in lieu of less durable, mass-produced options. The number-one desirable or must-have green feature for many home buyers is energy efficiency.
Accessories That Make a Statement
The perfect lighting scheme can enhance the personality of a home. There are a variety of ways to layer light to create an inviting atmosphere, from ambient to task and accent lighting. Brushed brass is a timeless finish that continues to be popular in fixtures and furniture, but two-tone options are gaining traction, such as brass and matte black faucets and drawer handles. For a more subtle approach, homeowners can choose “disappearing hardware” that blends in with the surrounding decor, like matte black hardware on black-painted windows and doors. Regardless of the style chosen, the right lighting scheme can make all the difference.
Soft Neutrals Are on the Rise
Pantone’s 2023 Color of the Year, Viva Magenta, may be trending in the fashion world, but home design has seen the rise of more subtle, earthy neutrals. Stone White and Gunmetal, along with natural wood tones, are being used to bring the peace of the outdoors indoors. These colors provide a soothing interior colour foundation that’s easy to build upon. This trend is not only calming, but it helps to create a comfortable and inviting atmosphere in any home.
Views Without Interruption
As we head into 2023, homeowners are increasingly opting for less when it comes to windows. Clean lines and simple finish details are in vogue, while divided lites and screens are being left out. This trend emphasizes the view beyond the glass, allowing maximum light to shine in. Inside, drywall returns, square sticking profiles, and contemporary hardware handles are being used to complete the minimalist look. With these modern touches, homeowners can enjoy a view that is both functional and aesthetically pleasing.
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