Over the past year and a half we have spent more time in our homes than ever before. While a challenge for many, being housebound has also given us a new perspective on the purpose and function of our homes. Due to the pandemic, some homes might now serve as an office, a classroom, or an entertainment space. House remodeling is booming as homeowners across the country adapt their residences to fit their new reality. Champion Title, one of the top 3 title and settlement agencies in the DC Metro region, has compiled a short list of the biggest trends in home renovations to help you and your clients keep up with the latest inspiration.
No more open floor plans. Prior to the pandemic, open floor plans were the most commonly sought after home design concept. However, with multiple individuals in a household working from home and in some cases children enrolled in distance learning, an open floor plan does not lend itself to productivity. Dedicated spaces such as offices, study nooks, home gyms and even home theatres for entertainment on a grander scale are all now in high demand.
Extensive outdoor living spaces. Living within the confines of one’s own home for months on end has given rise to elaborate outdoor space renovations. Homeowners are looking to expand livable square footage, adding three-season screened in porches, backyard pools, outdoor kitchens and firepits. In addition, some are even electing to bring the outdoors in by installing larger windows and doors that provide a more expansive view.
Spa-inspired bathrooms. With everyone home at the same time it can get a little crowded. Creating an in-home spa retreat provides some much needed peace and quiet, without having to go anywhere. Whether it’s a complete renovation or some smaller additions such as aromatherapy shower heads or bath trays for a glass of wine and a good book, these improvements can help reduce stress and anxiety.
Bold color palettes. According to 2021 Color of the Year choices by Sherwin Williams, Pantone and Benjamin Moore, bolder and brighter shades are the new trend in interior paint colors for their mood lifting effect. And with more time at home, do-it-yourself painting is a home improvement project many homeowners are willing and able to tackle on their own.
It should be noted that the reason for these renovations may also in turn be the cause of major delays in project completion. Longer wait times plague the industry as contractors and suppliers have had to adapt their procedures to COVID 19 protocol. This, coupled with a huge spike in demand for materials may slow down the renovation timeline. Champion Title is here to help you and your clients close on a refinance or home equity loan to help turn your house into your dream home! For more information visit our website at www.championtitle.com.