As we adapt to the new mortgage interest rate landscape in 2024, it’s anticipated that many homeowners will focus on renovating their existing homes. This approach allows them to retain their low mortgage rates while enhancing the comfort, livability, and convenience of their properties. Below are key home improvement trends to watch for in 2024:
In-Law Suites: With the trend of not purchasing larger homes, adding spaces for in-laws, adult children, or even nannies is gaining momentum. Homeowners are exploring various options such as accessory dwelling units (ADUs), guest houses, or garage apartments to expand their living spaces.
Biophilic Design: This design trend, which weaves natural elements into home décor, continues to grow. In 2024, watch for nature-inspired patterns, skylights for enhanced sunlight, and bi-fold doors that seamlessly blend indoor and outdoor spaces.
Goodbye Grays: The longstanding dominance of gray hues in home decor appears to be waning. A significant shift is underway, moving from cool grays and stark whites to more vibrant and bold colors. This trend is particularly notable in sunny regions like Florida, where the abundance of natural light complements these brighter tones.
Office Space: With over a quarter of Americans working remotely at least part-time, according to U.S. Census Bureau data, the need for well-equipped home offices remains critical in 2024. This could mean setting up one or multiple dedicated workspaces at home.
Fluted Cabinets: Consider fluted wood cabinets for kitchen or bathroom renovations. Characterized by their vertical molding, reminiscent of Greek columns, these cabinets have been prominent in recent design shows. They can add a distinctive flair to kitchen islands, bathroom vanities, and even dining room furniture.