HOME RENOVATION TRENDS THAT ARE SHAPING 2020
- Carla Hernandez
- Mar 21, 2020
- 2 min read
Updated: Jun 16, 2020
Whether remodeling an old house or building a new one, these home renovation trends can inspire your home appeal. Here are the latest renovation trends in the industry.
According to the Home Improvement Research Institute, the remodeling industry continues to transform steadily. Many homeowners are shifting their focus to renovation practices that guarantee value and quality, including exterior home improvements.
1. Exterior Home Improvement Continue to Grow
As quoted in the cost vs. value report, exterior home improvement practices tend to yield higher returns on investments. Ninety percent of the best renovation investments are associated with exterior home improvements, except for minor kitchen remodeling.
Real estate investors continue to emphasize on exterior home renovations to attract prospective buyers. An improved house with a fantastic exterior façade creates an excellent impression to buyers, allowing the sellers to sell it at a higher price.
2. DIY Home Improvement is on the Rise
Most homeowners feel empowered to renovate and remodel their homes by themselves without involving professional renovators. The use of advanced technology and video tutorials on YouTube and Pinterest has made DIY projects more accessible.
Many homeowners also tend to search for information on how to install items before making any purchase. That’s why most manufacturers and retailers post “how to do” videos on their websites to help prospective buyers learn DIY practices.
3. Mobile Sales and Purchases are Winning the Market
Mobile sales and purchases continue to grow exponentially as many homeowners shop at their convenience. They prefer buying home improvement products promptly with a few clicks on their mobile devices and pick them in a few hours or minutes.
Homeowners are shying away from online purchases that take days or weeks for items to get delivered. So, retailers need to shift their focus to mobile sales to make it easy for clients to order products and pick them within an hour in their nearest shopping stores.
4. Money-Saving Home Improvements are Rising
Many homeowners focus on renovation practices that can help them save more money. Some home improvements that can save on costs include installation of energy-efficient lighting systems, improved roofing, and home insulation.
Homebuilders are also developing houses with energy-efficient features to save on energy costs. The new homes in the York region are an excellent example of houses with well-established energy-saving features such as insulated surfaces.
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