While you may be remodeling to update your home for yourself, you should keep in mind how your home remodel will affect your ability to sell your home if you choose to do so in the future. Below you will find some social trends that should influence your remodeling choices. By keeping these trends in mind, you will create a home that will be comfortable for you now, but that will sell quickly when you need it to.
A Focus On the Environment
While environmental regulations may be relaxing on the federal level, consumers are stepping up to fill the void and make sure the environment is protected. This includes sourcing ethical materials and labor as well as utilizing green energy. Any remodeling projects that will decrease your heating and cooling demands will likely make your home more marketable as an energy-conscious choice. There are plenty of companies providing green housing solutions that are becoming more affordable and reliable. This makes it a great time to install alternative energy choices, such as a new solar roof or even a windmill, if your property would support one.
Smaller Family Sizes
The move towards a smaller family with two or fewer children has been going on for decades. But the latest generation of adults are being more consistent about marrying later and having fewer children. This means that adding in an extra bedroom when you remodel may not be a particularly smart choice. Unless you need the room immediately for your own family members, opt to spend your remodeling money on an expansion that will be used by potential buyers such as an office, a game room, or even a meditation and yoga studio.
A Market for More Luxury Homes
Millennials are buying their first home later, meaning they tend to have more money saved for a down payment and can jump directly into an upscale luxury home. This is making lower-cost basic units more difficult to market. It is a good reason to go ahead and splurge on the higher-priced tiles, appliances, and other features. Not only will you enjoy these items, but it will make your home easier to sell if you can market it as an upscale, luxury house.
A Desire for Integrated Technology
Millennials are not squeamish about technology. Whereas past generations had some guilt about overuse of technology, current young adults seek to balance their technology use by fully integrating devices into their lives. This means remodels that move your home more towards a smart home will pay off in the near future. Some ideas include a smart kitchen with a touchscreen device for recipes and shopping lists, changing your locks to smart locks controlled by your smart phone, and installing an audio-visual system throughout your entire home to create a smooth entertainment transition between rooms.
More Freelancers In the Gig Economy
More people are joining the gig economy and choosing to freelance from home rather than work a 9-5 job in a traditional setting. This means that home offices are in high demand, and soon they will be expected in homes. A luxury office with a good view, great internet connections, and a comfortable working environment will easily be a top selling point for homes in the near future.
Even if you are not planning to sell your home, you should always look at current trends in the housing market and society before you choose a remodel. This will help ensure that your home stays marketable in case your plans change and you decide to sell it or in case you need to refinance your home.
Share1 September 2017
After I started focusing more seriously on making over my home, I realized that there were a few things I needed to do. For starters, I realized that I needed to go through and work with a professional to rework the space. We talked about things like workflow and the initial impression of the space, and it was great to hear someone else's opinion of what needed to happen. Within about six months, the entire area was completely finished, and I was really happy with how things turned out. This blog is all about choosing a remodeling theme when you are making over your home.