Renovations on the rise

Renovations on the rise

Demand for home renovations on the rise

After spending so much time changing the way we live because of the pandemic, homeowners have found new ways to make home life fit with our new realities. As part of that change, we’re doing home renovations to get more comfortable in our current live-work environment.

Our desire for comfort and privacy increased the need for upgrades to get dedicated home office space. More expensive home improvements are happening in the kitchen and bathroom.

Investing in the kitchen is now popular because many homeowners regard it as a central gathering place—so it has emerged as a prominent multitasking room.

kitchen

Homeowners also are in favor of remodeling the bathroom in order to create a spa-like atmosphere with huge soaking bathtubs and steam showers.

bathroom

On the other hand, homeowners are keeping it simple by doing affordable DIY projects such as painting and new flooring. The pandemic also has created a rise in outdoor living spaces—transforming backyards into entertainment havens.

All of these renovations could make a difference in your home’s value. In 2020, homeowners saw their home equity rise throughout the United States. This year, home remodeling searches have more than doubled from 2020 to 2021.

What are homeowners looking for in those remodeling searches? Here are a few items to show you what’s trending in 2021.

Wall color
Bright colors and bold wallpaper.
Home Gyms
Creating dedicated rooms to easily exercise indoors.
Revisiting open concept
Separated spaces are now popular to better accommodate remote working and learning.
Reclaiming the basement
Making more space for work and play.
Built-in Storage
Organizing space and adding more custom millwork in playrooms, closets, and pantries.

Sources
1 Carol J. Alexander, NerdWallet
2 Laura Agadoni, Millionacres.com

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Theresa Grant

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