ShareKitchens, baths and storage are on the minds of more homeowners. Thumbtack, a home improvement resource, recently evaluated its database of millions of remodeling projects nationwide to uncover the top renovation trends for this fall.
Many homeowners indicate they would rather upgrade their home than sell and relocate, according to the National Association of REALTORS®’ Remodeling Impact Report. Construction services are up 114% year over year, and room remodels are up nearly 40%. More owners may be hesitant to sell and move up because of high mortgage rates, opting to improve their current space with future resale in mind.
Here are a few of the most popular remodeling projects, according to Thumbtack’s report.
Kitchen Remodels: A Minimalist Look
The kitchen appears to be the first room homeowners prioritize, according to the report. Homeowners are focused on storage and new cabinet installations, up about 36% compared to last year. “When it comes to design, we’re seeing a desire to pair wood cabinetry with natural stone countertops to create a clean, minimalist look,” the report notes.
Bathroom Remodels: Spa-Like Luxury
More homeowners are looking to upgrade their bathroom’s style and hoping replacing the fixtures will suffice, the report notes. However, others are doing even more to achieve a more stylish look: “Homeowners want their bathrooms to be a retreat, and we’ve seen an increase in spa luxuries being brought into the home—think soaking tubs, steam showers, heated floors and bidets,” the Thumbtack report notes. “When it comes to bathroom design, adding detailed woodwork to the vanity, such as fluting or scallops, is a popular option. For color, bold wallpapers and dark, moody paint colors are trending.”
Storage Solutions: Closets & Garages
Closet remodels have jumped 53% compared to last year, according to Thumbtack’s report, as homeowners seek more storage and built-in shelving. They’re also looking to the garage for more storage options. Nearly a third of garage renovations have been driven by a desire to add storage space, the report finds.
Some designers speculate that the demand for more storage is due to an uptick in multigenerational living, with more young adults moving back in with their parents or seniors moving in with their adult children.
