It's 2022 and it's never been a better time to renovate your home.
With low interest rates making refinancing desirable and home projects the perfect opportunity to take your mind off everything else, you might want to consider going for that remodel you've been dreaming about.
But where should you start?
Throughout the course of the year so far, we've seen popular trends emerge that can help you boost the value and functionality of your home. These are a few examples of the best home renovation ideas for the modern housing market.
1. Larger, Multitasking Kitchens
First, kitchen upgrades are rarely a bad idea. While these investments can come with high overhead costs, the payoff potential is there.
These days, homeowners are improving upon their kitchen space by making enhancements to overall functionality. This might mean a larger kitchen island or an induction cooking stove over that older model.
Homeowners want to feel that they are making the most out of their kitchen space. Since these days some kitchens are being used as remote offices, the more functionality you can get out of your kitchen, the better.
2. Bathroom Upgrades
Next, we have bathroom upgrades. Everyone wants to feel comfortable in their bathroom, so investing in this part of your house is another great idea.
Trends in bathroom upgrades include free-standing showers, leak detection hardware, zero-clearance entry, and toilets with bidets (so you avoid another toilet paper shortage). Further upgrades with some smart home software will help take your bathroom renovation into the future.
3. Home Office Additions
It's the post-COVID era, so naturally, the home office will be one of the most important considerations you can make when renovating you're home. Whether you work from home or not, a functional, quiet little getaway can elevate your home's value.
Home renovators are finding it useful to repurpose a guest bedroom for that unfinished basement and turn it into that dedicated workspace. From here, a homeowner can draw better work-life boundaries even if they no longer leave the home for their job.
4. Window Replacement
Depending on the age of your home and the last time you've renovated, this item may or may not be relevant. However, it is always important to consider replacing your windows.
Windows can mean a lot of lost energy, and therefore higher utility bills. It's estimated that energy-efficient upgrades create an average savings of 12% per year on energy costs, depending on your climate.
If your windows are more than 10 years old, you'll definitely want to invest in replacements. Upgraded windows can pay themselves off quickly, helping you cut down on your overall energy spending. That's a smart move in an uncertain economy.
5. Closed Floor Plans
Remember when open floor plans were the big thing? Well, we're reversing direction on that one.
For 2022, closed floor plans are in. This is a big draw for renovators this year, as quarantine families remember the value of privacy.
Jokes aside, the new reality is one in which people increasingly attend school and work from their own homes. To make this process more successful and comfortable, it is all but necessary to have separate rooms you can close off for quiet and privacy.
6. Splashes of Color
Perhaps another symptom many of us spending more time at home, home renovators are looking to add splashes of color the bring life and a sense of comfort to their space.
Primarily, popular colors are lighter and brighter. From pale pink to cool cobalt, homeowners are painting their walls, two-toning their cabinets, and adding those accents to brighten up their spaces.
As you make your own renovation plans, consider how you can spruce up and personalize your space through color, too.
7. Curb Appeal
Last but not least, homeowners are looking to revitalize their home's exterior. These outdoor renovation projects allow you to keep the inside of your home largely mess-free, while still allowing you to improve your home.
Siding replacements are also some of the best investments you can make in terms of return on investment (ROI). Additionally, you can never go wrong with a new roof or garage door if yours are so getting up there in age.
These renovations to your home are most likely to recoup your cost by adding value. But most importantly, you want to feel comfortable and productive in your living space. A renovation can help you get there.
A New, Trendy Home
Consider these renovation ideas as you explore the potential of a remodel in 2022 and beyond. The right renovations earn you your money back while adding untold value through the comfort they bring to you and your family.
For moreinformation on renovations, remodels, and real estate investmentcontact 208.propertiesor find us on social media.
