What Home Improvement Trends Can Northern Virginia and Maryland Homeowners Expect in 2024…and Beyond?
Especially since the pandemic, the home improvement industry has gone through some serious volatility. Fluctuating material prices. Higher demand for outdoor living spaces. Frustrating supply chain issues. With so many changes happening all the time, it can feel difficult to keep up with the pulse of this industry. Despite this uncertainty, as we settle into 2024, here are three things Northern Virginia and Maryland homeowners can expect in terms of home improvement trends.
3 Home Improvement Trends to Watch and What They Mean for You
If you’re thinking about adding an outdoor living space to your NoVA or Maryland home, or you want to renovate an existing screen porch, deck, or outdoor kitchen this year, here are three important industry trends to consider.
1. Staying Local Is More Important Than Ever
Outdoor spaces have changed dramatically over the years. Homeowners of the past used to think of these areas as little more than a charcoal grill atop a cookie-cutter wood deck. Now these areas are elaborately and thoughtfully designed spaces. From both a functional and design standpoint, they are every bit as much a part of the home as any interior space.
That means, when it comes to home renovations, homeowners are increasingly interested in quality. Rather than picking any product that gets the job done, homeowners are choosing based on.
- Durability
- Maintenance requirements
- Overall aesthetics
- Functionality
- Sustainability
Since homeowners now consider these outdoor spaces to be integrated parts of the home, they want to know those materials used are manufactured ethically, support the local economy, and are held to certain quality standards.
This means brands like SCREENEZE®, which makes a deliberate effort to stay local, particularly desirable.
2. The Home Improvement Space Will Continue Growing
Home improvements, as an overall category, are on the rise. Lots of factors play into this.
- Fluctuating home prices and interest rates contribute to overall uncertainty in the housing market right now. Given that, many homeowners are opting to improve their existing space over moving.
- High-quality custom outdoor living spaces are becoming increasingly common, and more homeowners are interested in adding livable square footage through this strategy.
- People want the flexibility and versatility of a space that can seamlessly transition from the indoors to the outdoors.
As overall home improvements expand as a category, outdoor living spaces (and the products that support them) are increasingly desirable.
Here at Design Builders, our customers particularly love these products for their durability, quality, and functionality:
3. People Are Expanding Their Home Renovation Budgets
In the wake of the pandemic, home renovation prices increased. Some of it was supply and demand. Some of it was a natural correction in labor and material pricing. Some of it was related to permitting costs and issues around understaffing.
All these factors were at play, contributing to higher pricing. After the pandemic, though, those prices did not return to pre-COVID rates.
What does this mean for homeowners today? They’re starting to accept these prices as the new normal.
The good news for Northern Virginia and Maryland homeowners?
Outdoor living spaces made with expert craftsmanship and high-quality materials still represent a great return on your investment. Yes, the initial project is likely more expensive than it was five to ten years ago, but you can also see a correlated rise in home value with this kind of addition.
If you build something intentionally to last, that means not only do you get to enjoy the space for all the years you’re in your home, but you’ll also see that return down the line when you do look to sell.
Have Any Questions about What Home Improvement Trends to Expect
Want to discuss your upcoming home renovation? Curious how home improvement trends are going to affect the design or construction phase of your outdoor living space project?
Reach out today! We’re Design Builders, and we’re always happy to use our decades in the design and build industry to answer your questions!
