Every year, new trends emerge in home improvement. From a heavy focus on creating new living spaces to the incorporation of new home technology, homeowners have many options for improving their properties. Our list of home improvement trends for 2023 is sure to give you several ideas for your next home improvement project.
Smart home technology
While smart home technology has been on many home improvement wish lists for years, it is becoming more popular than ever. Homeowners are enjoying the convenience of controlling various aspects of their home right from a smartphone or another device. When connected to a home Wi-Fi network, many things in a home, such as lighting, appliances, and temperature, can be controlled effortlessly from a mobile device or a device such as Amazon Alexa or Google Nest Hub. Smart home technology also has the ability to improve the security of your home.
Outdoor living spaces
The improvement and addition of outdoor living spaces is another home remodeling trend that is highly sought after year after year. Outdoor living spaces have improved the quality of life of many homeowners and become ideal spots for entertaining or gathering with friends and family. We’re seeing everything from small seating areas with fire pits to elaborate outdoor kitchens and dining areas, enhanced lighting, and even lovely vertical gardens.
Eco-friendly home improvements
Eco-friendly home improvements that can lower your carbon footprint, as well as save money, are also high on many homeowner’s radar. This might include utilizing more sustainable building and renovation practices, installing energy-efficient lighting, and exploring the option of adding solar panels. There is also a focus on using environmentally friendly and repurposed materials.
Thinking back to my grandparent’s kitchen, it was very small, with little counter space and a small table for family dinners. Through the years, kitchens have changed dramatically, and they are more of a focus than ever. While kitchens used to be just for cooking, they are now built for living. They often include large multifunctional islands that are designed for dining, storage, and much more. An island might even hold a cooktop, a sink, or a dishwasher.
Butler’s pantries are another kitchen trend for added workspace and storage. Finally, more and larger windows are helping to brighten a kitchen and incorporate more natural light. Kitchens are often the heart of a home and a gathering place, which is why kitchen renovations are always fashionable. Kitchen upgrades also provide a great return on investment.
Simple master bathrooms are a thing of the past. Bathroom saunas and steam showers, radiant heating, as well as layered lighting, and luxury finishes are aimed at creating a spa-like oasis. Trending are natural wood and high-quality tile, as well as a pop of calming colors. Bathrooms have become a peaceful place of escape from the busy world outside. The spa-like trends mentioned are helping to achieve a quiet haven for homeowners.
Bigger & better mudrooms
Larger seems to be the name of the game with many home improvements, and mudrooms are no exception. Whether a mudroom is multifunctional, doubling as a laundry space, or just used to keep the rest of your home clutter-free, it is a must-have for many homeowners. While mudrooms are typically tucked away and not a focal point, they are quickly becoming an extension of the home. This means a focus on complementary design elements. Mudroom trends include a bench to sit and remove footwear, added storage drawers, hooks, shelves, and closet space. The added hidden storage space helps to keep a mudroom clutter-free as well.
Benchmark FCU can help with all of your home improvement financing needs
While home improvement is ever-evolving, it never goes out of style. A home equity loan or home equity line of credit (HELOC) are two possible home improvement financing options you may want to consider. Benchmark FCU is currently running a special HELOC promotion for qualified borrowers. Tap here to learn more about the Benchmark FCU Ultimate HELOC offer.