One of the greatest benefits of being a homeowner is the freedom to make your home your own. However, it’s important to consider how your design choices could impact your property’s value.

Outdated fixtures and finishes may lower its resale appeal. And if you’re in the market for a new home, you should keep an eye out for features that need updating so you can factor renovation costs into your budget.

To help, we’ve rounded up six influential home design trends, along with ideas for how you might incorporate them in your own home. Remember, before taking action, it’s always wise to consult with a real estate professional to understand which updates and upgrades will offer the highest return on your investment.

1. Separate Kitchen, Dining and Living Areas

For years, home design has been dominated by open-concept floor plans. But designers report that walls are returning as a way to break up living spaces and create quieter areas.[1] If your home’s open floor plan isn't working for you, try adding bookshelves, room dividers, or rugs to create distinct areas within the home and reduce noise.

2. Nature-Inspired Design

The “biophilia” trend is all about bringing the outside in by adding natural touches throughout your home.[2] If you’re planning a kitchen or bath renovation, consider wood-toned cabinets and natural stone countertops to embrace the biophilic look.[3 Or, incorporate elements of the trend by choosing nature-inspired paint colors, like mossy greens or desert tones.

3. Lighting as a Design Feature

Homeowners are using light fixtures to change the usability and mood of their spaces. In 2023, we expect to see a layered approach to lighting that combines statement chandeliers and pendants with task-specific lights and lamps.[4] Incorporate this trend by adding floor or table lamps and swapping out fixtures before you invest in rewiring your space. Take note of how the light in your home changes throughout the day. You can then use that information to make lighting decisions that require a bigger investment.

4. More Vibrant Color Palettes

After the long dominance of whites and grays, we expect to see more vibrant colors this year. Warm and earthy neutrals, jewel tones, and shades of red and pink are particularly popular.[5,6] Paint company Benjamin Moore’s 2023 color of the year, Raspberry Blush, is a lively shade of pinkish coral, while Sherwin Williams is embracing warm neutrals with Redend Point, a blushing beige.[7,8] If you’re planning to sell your home, avoid extremely bold or bright color choices when it comes to paint or fixed finishes. Instead, incorporate pops of color through throw pillows, art, and accessories.

5. Curved Furniture and Architectural Accents

In 2023, arches and curves lend a sleek feel that draws on classical design while remaining modern.[6,9] If you want to incorporate this trend into your new build or remodeling plans, curved kitchen islands, arched alcoves, and globe pendant lights are good options—or you can take it a step further with arched windows and doorways. It’s easy to embrace this look without renovations, too. Look for a softer feel in furniture, with sofas, chairs, and tables that showcase rounded edges.

6. Art Deco Revival

Art Deco, the architecture and design style that took hold in the 1920s and ’30s, is enjoying a resurgence.  Marked by bold geometry, textures, and colors, the 2023 interpretation of this style is likely to be a bit less splashy than its historical roots.[10]  Instead of incorporating all of the elements of Art Deco, which could feel overwhelming, keep an eye out for vintage mirrors, lamps, or vases that bring a touch of glam to your home. Or, embrace bold colors and luxe fabrics, like velvet. Choose furnishings and accessories that nod to the look without diving in all the way.

DESIGNED TO SELL

Are you thinking about remodeling or making significant design changes to your home? Wondering how those changes might impact your future resale value? Buyer preferences vary significantly based on your home’s neighborhood and price range. We’re happy to share our insights on the upgrades that will make it easier (or more difficult!) to sell your home. Give us a call for a free consultation!

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.      US News and World Report

2.      Architectural Digest

3.      Houzz

4.      The Spruce

5.      The Spruce

6.      Good Housekeeping

7.      Benjamin Moore

8.      Sherwin Williams

9.      The Spruce

10.   The Spruce