A home renovation can be an expensive prospect, but it’s also the most effective way to improve your home’s resale value and make it look great. But if you’re thinking about doing any home renovations in the upcoming year, you’ll want to take your inspiration from the latest home renovation trends.
If you aren’t sure where to begin, check out our list of the top 10 home renovation trends for 2023 to give you inspiration on what to do and which renovation trends are going to be big in the coming year.
Home Renovation Trends For 2023 To Inspire You
1) Outdoor Living Space
The popularity of outdoor spaces has soared over the last few years, becoming a major trend for 2023, and for good reason. An outdoor living space can be a perfect spot for relaxing or entertaining. If you’re thinking about adding outdoor living space to your home.
Here are some popular outdoor living ideas that will make your home better and increase its resale value.
- Building a solarium: These rooms with glass roofs provide natural light and warmth for those cool days in winter. They also help keep the house cool in summer. A solarium is typically positioned on the south side of the house so it’s not too sunny when it’s dark outside, but it gets plenty of sunlight during most hours of daylight.
- Adding natural materials: Wood and other organic materials such as bamboo are more environmentally friendly than synthetic alternatives like vinyl or fiberglass. They also blend well with rustic styles that evoke country charm.
- Incorporating a fire pit: Fire pits come in many shapes and sizes but they all serve one purpose–to enjoy outdoor nights with friends around a warm fire while surrounded by nature.
2) Smart Home Features
Smart homes are the latest trend in home renovation. A smart home is a home with automation and technology features that increase convenience, safety and improve energy efficiency.
The value of your home can increase by adding these features to your home. For example, if you are trying to sell your house in the future and want it to be as attractive as possible, you may consider adding security cameras around the exterior or an automatic lighting system for when it gets dark outside.
Smart home features will help make your house stand out from other houses on the market and could even bring up its resale value.
3) Laundry Room Updates
The laundry room is a great home renovation trend to consider because it’s been on the rise for years now and is one of the best home renovations you can make.
Adding shelves to your laundry room is a definitely plus. These are simple to install and can be purchased at your local big box hardware store. This makes it an easy and inexpensive DIY project.
By adding a simple shelf anywhere in the laundry room can create a fabulous spot to store detergents and supplies or even just a pretty spot to display a potted plant, some photos or knickknacks to brighten up the space.
4) Changing The Paint Color
Painting your home is one of the best home renovations you can make. That’s because it’s easy, quick, and affordable. Plus, changing the color will not only make your house look better but it’ll also increase its resale value in the future.
Be aware that when it comes to refreshing our homes with color, it takes careful consideration and expertise to choose a paint palette that is timeless and enduring. Painting your walls is an excellent way to give your interiors a fresh-faced makeover but make sure it’s a paint colour you can live with for the long term.
5) Adding A Self-Care Oasis
Wellness is a driving factor of renovations for 2023. Adding elements that help promote self-care and well-being can transform any space into a self-care oasis.
Most people think of the bathroom when it comes to self-care. Adding a soaker tub, dimmable lights, and design elements that promote a peaceful feeling can help you unwind after a long day.
6) Kitchen Remodeling
Kitchen remodeling has become an increasingly popular trend among homeowners who want to modernize or change their layout or design. It’s one of the most popular home renovation trends for 2023.
Kitchens are the most popular room to be renovated because it’s where people spend a lot of their time, cooking and gathering with family. Kitchens also have a dramatic effect on the resale value of homes, so it’s important to make sure yours is up-to-date and meets today’s standards.
With busy lives, homeowners are now more aware of their decorating choices and are aiming to find a balance between streamlined minimalism and luxury for their kitchens, which is why we will be seeing minimalist kitchen ideas soaring in popularity in 2023.
7) Upgrading The Bedroom
It’s no surprise that in the last few years, upgrading the bedroom has been trending. This is because it’s crucial for bedrooms to be comfortable, functional, and stylish.
Here are just a couple of ways to renovate a bedroom:
- Install new flooring. Depending on what type of flooring you choose, this can give your room a whole new look or feel.
- Dress your walls in elegance. Incorporating wallpaper or texture on your bedroom walls can not only make the room more inviting but also show some of your own character and style preferences.
- Choose a standout headboard. Whether you have a beautiful wood headboard or a stunning modern upholstered headboard, don’t shy away from letting it be a statement piece.
8) Adding Storage Solutions
The average home has less than 400 square feet of storage space, which is not enough to store all your belongings. This can make it difficult to find what you’re looking for when you need it and cause clutter in your home.
Luckily, there are many ways to add storage space to your home. One way is by adding shelving units or a wall unit to the home. A wall unit will allow you a lot more storage space because it doesn’t take up floor space like shelves would, but the downside is that they can be expensive and difficult to install. Shelves have the advantage of being cheaper and easier to install, but they don’t provide as much storage space as a wall unit would.
9) Basic Structural Renovations
Structural renovations are a simple way to get a big return on your investment. Depending on the type of structural change you make, you could add between 15 and 50% to the value of your home.
Just remember that it is important to do your research beforehand to find out what type of structural change will best suit your needs and budget. A number of different factors come into play: the size and layout of your home, its age, the current condition of its foundation, whether or not it is currently zoned for remodeling or additions, etc
Some popular types of structural renovations include adding an additional story onto a building (also known as stacking), adding an attic to convert unused space into living space, or converting a basement into living space.
10) Energy-Efficient Features
Energy-efficient homes can reduce energy consumption through the use of efficient appliances, fixtures, and products. When you consider that a good portion of your life is spent indoors—up to 80 or 90 percent—you’ll want to make it as comfortable and efficient as possible.
The initial investment in renovating your home to be energy efficient may exceed traditional renovation expenditures, but lower utility, maintenance, and replacement costs will offset this additional spending upfront.
This is an important trend to keep up with now so that you’re not spending more than necessary in the future.
This is just a glimpse into the most popular home renovation trends for 2023. Use these trends as motivation, but there is no “right” way to renovate or remodel your space. All projects should take your unique personality, lifestyle, and budget into consideration. If you need some inspiration, visit our portfolio page for our latest bathroom, kitchen and full home renovations.
Ready to jump in? Strongwood Construction Ltd. has excelled at whole-house renovations in Medicine Hat for the last 10 years. Contact us at (403) 594-9164 and we will happily help you decide the best approach for your renovations in 2023.