Buying a home is certainly one of the most significant milestones in our lives. A greatly satisfying aspect of owning your own home is the ability to make it your own. From renovating a master bathroom to adding a new room in your loft-space, a clever renovation can have a massive impact on how we enjoy our home and our lifestyle. It can as well have a big impact on our property’s resale value. As with most things, home renovations tend to follow trends which are influenced by many factors – including social, economic and political. A clear example was during the height of the recent pandemic, when a large part of the population was forced to work from home and the desire to create a home-working space was top priority in most people’s wish list. Renovations that focused on increasing comfort and functionality saw a huge increase in demand (and will continue for the foreseeable future). So what will be the main trends that will dominate home renovations for the remaining of 2023?
1. Home Offices
Not surprisingly, home offices top the list. With many of us still working from home (at least some of the time), a home office has become a must-have. This can take the form of a dedicated structure to a simple renovation of an already existing home office to make it more comfortable. If your home has a garage, this may be the perfect space to create a home office. A garage conversion allows you to separate work and home life without the hassle of a commute.
2. Outdoor Living
This trend is also directly related with many professionals spending more time at home. The more time we spend at home, the more we will want to maximise living spaces including the outdoors. With the warmer months approaching, we will see renovations focusing on outdoor living spaces. This could mean simple changes such as landscaping or refreshing a decking area to something more complex like installing an outdoor kitchen for example.
3. Energy Efficiency
With the price of energy skyrocketing, energy efficiency will take priority in many renovation projects. Add to the increased cost of energy the huge push to make everyone aware of the importance of reducing our carbon footprint and efficient use of resources, and you will have many homeowners focusing on installing solar panels, insulating their homes properly and changing their appliances to energy-efficient models.
4. Bathroom and Kitchen Upgrades
Kitchens and bathrooms are high-use areas of the home and with an increasing focus on practical and functional renovations expected in 2023, these rooms will be a priority for many homeowners. Experts expect many homeowners to upgrade their cabinetry with a trend towards hidden built-ins. There will also be a focus on changing countertops and cosmetic changes that can be achieved quickly, with little disruption and with a smaller investment.
5. Multi-dwelling Residences
With the price in properties continually increasing, there will be a trend towards creating multi-generational homes or additional living spaces within an existing property. You may see people pooling their resources to afford a larger property that can be divided into individual living spaces. Adapting homes to multi-generational living will be a big renovation trend in 2023. As the economy shifts, more and more families will opt to live under one roof as children come back or aging parents move in. To accommodate this change, many homeowners will reconfiguring their rooms and floor plans. Some will add separate entrances and kitchens, while others will create self-contained apartment units.
It is important to emphasise that regardless of the trends, renovation projects should prioritise what works for you and your family – so never feel the need to jump on the bandwagon just to be trendy.
If you are planning a home renovation in Fulham, Chelsea, Hammersmith or anywhere in London, we are always keen to have a chat. Give us a call on 020 71186155 or make an appointment to visit our office in Hammersmith to discuss with us how we can help you with your home renovation project.