A study by Nielsen research group shows that spending on home improvement and repairs will increase at a solid clip during 2020.
This is because many homeowners are desiring to increase the value of their property. Nielsen believes that expenditures might taper in the first half of the year but gradually increase to a solid 7%, which will be higher than last year’s 5.4%. Annual spending on home improvement is expected to reach nearly $350 billion. A growing economy and strong job markets will be boosting the willingness of homeowners to invest in improvements and repairs. Many homeowners will opt for bolder moves by trying interesting textures and colors. Unexpected use of metals will dominate remodeling in the year. This begs the question, is your house ready for 2020? Now is the time to try something different. In this regard, here are some of the best trends you should look for in 2020.
Remodeling won't be Slowing Down any time soon
With the increase in demand for rental houses, remodeling will be steady and on the rise. According to HIRI experts, home prices are on the rise. Additionally, with the lack of spaces for new construction in some areas, and the trend of homeowners aging in place makes remodeling the only option to increase property value and to keep it up to date. The average age of a home in the US is approximately 38 years. Remodeling will come in handy to keep them in good condition.
Home Improvement will focus on Healthier Living Spaces
Of late in the media we have seen reports of formaldehyde being released from laminate flooring and cases of contaminated water among other home health scares. This has become a major concern to many homeowners. That is why in 2020, homeowners will be investing more money on improvements which will create healthier living spaces. These renovations will include water purification, installation of comfort-focused technologies, air filtration, and circadian lighting just to name a few.
Paying more Attention to Resiliency and Sustainability
Natural calamities are occurring without warning and more frequently than in previous years. Most homeowners will be going for solutions that are ensure their homes are more resilient. Those that are not updated will stand a legitimate risk of being damaged in case of adverse weather. This will the homeowner more money in the long run. We expect to see more use of metal in home improvement in 2020. Additionally, we will see the installation of over sized gutters and downspouts not to mention ice water shields on roofs.
More use of Natural Materials and Motifs
The world is going green. Most people are yearning for comfort and warmth that comes with natural touches. Antony Chandler, president of Archifoma Group, feels that relaxing in your sitting room should evoke the same feeling as lying under a giant elm tree. In 2020 we expect home renovations to integrate a floral touch and other plant-based improvements.
Integration of Richer Color Palette
As we mentioned earlier, we expect homeowners to take bold moves when it comes to home improvement in 2020. Another step they will be taking is integrating richer-color palettes. Even though designers feel that muted colors avoid making living spaces overwhelming, we will be seeing homeowners using bolder colors. This year be on the lookout for statement pinks, bold yellows, dramatic reds and organic greens.
Are you in need of a professional to help with home improvement upgrades and repairs? Worry no more, at Handy Dads Home Remodeling, LLC we have made it our life's purpose to help you with this undertaking while you sit back and relax. Our unparalleled commitment to ensuring we keep up with all the modern trends is unmatched and we pride ourselves with hiring only the most qualified designers and tradesmen to help with your needs.