3 Home Renovation Trends Worth Investing in 2024
If you want to increase the value of your home, it’s worth investing in certain home renovations now that will pay off down the line. While remodeling a kitchen and/or bathroom has long been the go-to for boosting home values, there are now more timely and practical renovation trends that will have even more appeal to discerning buyers.
"Home Hardening Improvements"
Extreme weather will cause a surge in ‘home hardening’ — making the home more resistant and resilient to weather events. In 2024, more homeowners will prioritize weather-related maintenance to protect their homes from extreme conditions such as wildfires, hurricanes, floods and other natural disasters.
Certain “home hardening” improvements are increasing in demand from buyers.
Expect to see increased demand for improvements such as solar-power systems to increase the reliability of power remaining on during weather events, gutter maintenance so homeowners can remove dry leaves that can easily catch fire from the home, and windows with strong insulation to protect from high winds and extreme temperatures. These types of home improvements increase a home’s value, aid in preventative upkeep and in some cases, can even be life-saving.
As extreme weather events become more common, many home buyers are seeking homes that have been renovated to withstand natural disasters.
"Safety Features That Make Aging in Place Possible"
As baby boomers age, they are increasingly prioritizing aging in place. A survey of Americans aged 55 and older found that 93% cite aging in place as “an important goal” for them. To appeal to this demographic, it’s worth investing in renovations that will make your home a safe place for older adults.
There is a definite increase in demand for remodels related to safety and accessibility. Popular remodels include adding safety features such as walk-in bathtubs and showers, grab bars, wider doorways, nonslip floor surfaces and stair-lifts to move freely about the home.
Prioritizing home improvement projects that make a home safe and functional is a smart investment in the long-term, as these accessibility features can add to the home’s value.
"In-Home Water Filtration Systems"
Going along with the theme of home improvement projects that contribute to the health and safety of the home and its inhabitants, installing an in-home water filtration system is a worthy renovation to tackle in 2024.
We are seeing increased demand for in-home water filtration systems as the quality of drinking water continues to worsen. Almost 50% of tap water in the U.S. contains PFAS, also known as ‘forever chemicals.’ Consumption of these chemicals has been linked to severe health issues, including cancer.
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