The pandemic has been a boom for the remodeling industry, forcing various housing changes that encourage home improvement spending. Many homeowners were forced to work from home and learn remotely, which fueled the continued growth in expenditures on replacement projects indoors and outdoors.
A recent uptick in residential mobility and the prevalence of working from home makes the case for households with more flexibility.
The home improvement market will continue to be dominated by replacement projects, such as roof, siding, window, and system upgrades. In 2023, exterior property improvements and disaster repairs will continue to grow in popularity. Check out the most popular home renovation projects for the coming year, according to experts. If you need landscaping expertise get in touch for residential landscaping services.
1. Connecting with nature through more windows
As homeowners want to connect with nature more, windows, doors, and wall-glazing home improvements were on the rise. A growing trend is to replace windows, doors, and sometimes even entire walls with oversized glass options. Skylights and large windows that span the floor to ceiling are perfect for blending indoors and outdoors.
Homeowners living in cities with beautiful weather, particularly in South Florida and New York City, are the ones embarking on these projects the most. “Homeowners living close to the beach in South Florida, or with beautiful views in New York City, want to take in as much of the outdoors as possible,” shares Juan Posada, VP of Engineering at FENEX.
Increasing budgets for home improvements makes pricier renovations more feasible, such as replacing windows and walls with glass. “As we gear up for 2023, we will see more requests for projects that use glass,” adds Posada.
2. Redesigning the home office to increase productivity
During the pandemic, people struggled to find a suitable place at home as remote learning and the shift to the home office gained popularity. According to the 2021 Houzz Emerging Home Design Trends Report, searches for home offices increased 108%. Several individuals are returning to the workplace, while others adopt hybrid work schedules that require a productive home office.
In addition to remodeling guest bedrooms and building exterior rooms, homeowners will continue to reshape the idea of a home office and productive multi-purpose space for children to study and do homework.
3. Bring the outdoors inside with outdoor kitchens
As a result of the pandemic, more people are spending time outside, one of the most noticeable lifestyle changes. As further proof of this trend, the American Institute of Architects’ 2021 survey showed that outdoor spaces grew from 61% to 71% among respondents. In 2023, many home improvement projects will focus on bringing the outdoors in.
“Creating an outdoor kitchen involves more than just setting up a grill and a table. You need to create a fully functional space that can be used without homeowners needing to step inside to prepare food”, says Ken Adams, CEO & Founder of FullOfSports.
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4. Keeping up with emerging trends with new flooring
It is expected that replacing old flooring will continue to trend next year since it was one of the most planned renovations in 2021. It is important to choose home improvement projects that add value to your home in 2023. Homes with hardwood floors sold for 2.5% more than homes with other types of flooring, generating a 70% to 80% return on investment.This is thanks to Bruce Rodriguez, owner of LAX Concrete Contractors.
For 2023, expect flooring trends to follow a similar style, with the following among the most popular:
Wood flooring that has been smoked
Wood that has been bleached
Wood that has weathered
Flooring with a herringbone pattern
Tiles made from reclaimed barn wood
Colors of natural wood
5. Focus On Wellness Design and Sustainability
A wellness-focused environment will heavily influence the home improvement market through flexible spaces, outdoor living, and smart features.
A home has become a refuge for us and we want it to be a place of joy,” says Laure Nell Interiors founder Laetitia Laurent. From steam rooms to hot tubs to zen gardens to smart appliances, homeowners want features that match their lifestyle habits.
We’re likely to see materials like bamboo and cork flooring, recycled steel sidings, and glass in 2023. As a result of the pandemic’s heightened health concerns, homeowners will upgrade their Hamilton HVAC systems with air filtration, antimicrobial materials and purification systems. Smart homes will also feature smart lighting, security, and home automation features. This is according to Austin Fain, Owner of Perfect Steel Solutions.
6. Yards and lots can be improved with outdoor improvements
A porch, deck, patio or terrace improvement costs the average homeowner $8,408, driven by the need to spend more time outdoors.
After spending so much time indoors, there will be a surge in home renovation projects focusing on the outdoors, creating a seamless living space that brings the indoors out, says Claire O’Connell, Founder of Flipping School. In order to create a seamless connection with nature, the design will incorporate natural elements such as wood, rattan and hemp, paired with potted plants.
The addition of an accessory dwelling unit (ADU) is another significant change that homeowners are considering. These structures can range between 500 and 800 square feet, but can reach 1,000 square feet. They are self-contained units built on the same property as the primary home.
ADUs are viewed by homeowners as housing solutions that meet the needs of returning grown children, renters seeking affordable housing, and older parents wanting to live privately with their children. This is according to Alex Federo, co-owner of FTW Concrete Contractors.
7.Repairs related to disaster preparedness
Another emerging home improvement project involves more prevention than aesthetics. With the rise of climate-related disasters, about 25% of homeowners plan to spend on disaster repairs this year. In markets affected by climate disasters, including Houston, Dallas, Miami and Raleigh, disaster preparedness home improvements typically cost between $600 and $2,300, compared to $300 nationally.
The increase in frequency and intensity of storms paired with the number of homes in vulnerable areas has pushed homeowners to spend more on disaster repairs. In 2013, the percentage of homeowners spending on home improvement projects such as driveway, fencing, sheds and landscaping was 10%. However, this percentage has increased to 15% in 2019. Homeowners who are affected by hurricanes and storms tend to invest in flood-mitigation solutions for their houses, including flood-proof windows and sea wall barriers. Thanks to Jeremiah Erasga, Chief Marketing Officer of Flightradar Online
