Take Advantage of Your Hom8 Popular Home Design Features for 2022e Equity: A Homeowner’s Guide
There’s a lot to consider when selling your home, from the market andappraisals to where you’ll go next. Don’t forget, however, that design is alsoa key factor. It’s often one of the first things buyers notice when they walkinto a home, and it’s also a detail that you, as a seller, can easily control.
According to Realtor.com’s 2022 housing market forecast, home for-saleinventory will increase from last year, as will the projected number of overallsales.1 This means, if you’re looking to sell in the near future,now is the time to consider how you can stand out.
Updating your home design is one way to do that. Changes like newsecurity features or upgraded siding can add value to your home now and behighlighted when you market it for sale later. To get the most out of yourupdates, focus on these popular home design features that will wow buyers in2022.
Keep in mind, not all of these will work well inevery house. If you plan to buy, list, or renovate a property, give us a call.We can help you realize your vision and maximize the impact of your investment.
Millennials account for the largest share of current homebuyers,according to the National Association of Realtors.2 Sustainableliving tops the list of priorities for this generation. A recent Deloittesurvey found that nearly one-third of millennials initiate or deepen theirconsumer investment in products or services that help the environment—this alsoincludes the houses they choose to live in.3
Here are a few eco-friendly design features that will be attractive tothese millennial buyers in 2022. Bonus, they can net a significant return oninvestment (ROI) for you, as a seller, too.
Energy-Efficient Windows: Heat gain or loss from low-performance windows drives25–30 percent of home heating and coolingcosts, according to Energy.gov.4 Therefore, energy-efficientwindows can help homeowners save money.
Low-Flow Water Fixtures: Accordingto the EPA, replacing your shower head with one that’s labeled with WaterSensecan save four gallons of water with each shower.5 Doing the samewith your faucet can save 700 gallons per year. This leads to cost savings andenvironmental support.
Native Landscaping: According to the American Society of LandscapeArchitects, 58 percent of members report increased clientdemand for native trees and plants as a meansto combat biodiversity loss from climatechange..6 Enhancethe eco-friendly appeal of your home with some native plants in the front yard.
The pandemic has had a significant impact on mental health. For example,in an effort to prioritize mental health, many people are relocating toquieter, more peaceful homes, with 22 percent of city dwellers planning a moveto less congested residential areas, according to the Home Improvement ResearchInstitute’s (HIRI) 2021 Insights Summit.7
However, no matter where you live, you can still intrigue buyers byjumping on this trend. At-home wellness amenities, which were once viewed asluxuries, are now on many homeowners’ must-have lists. Indoor spaces thatfunction as a retreat for wellness and self-care have become extremely popular,according to HIRI.
Improve your quality of life in your home with reading nooks,spa-inspired bathrooms, and exercise or meditation spaces. Even if your housedoesn’t have the square footage to section off an entire room for relaxation,making simple tweaks to natural light, air purifiers, and indoor plants canhelp you feel better in your home now while enabling future buyers to see theopportunity for their own space.
Paint colors that produce a calming atmosphere will also be a keyselling point in 2022. Soft earth tones and natural hues will prevail thisyear, including various shades of blue, green, brown, and beige. Recent research suggests steering clear of trendypaint colors in favor of a more classic palette to bring the feel of natureindoors in a subtle and soothing way.8
In fact, the same research found that buyers are often willing to pay anextra $4,698 for a house with a light blue bathroom or an extra $1,491 for ahouse with a dark blue bedroom. Another crowd-pleasing hue to refresh the wallswith is BEHR’s 2022 paint color of the year, known as Breezeway.9
This shade of green with silver undertones was created to mimic seaglass. As the BEHR website describes it, Breezeway “evokes feelings of coolnessand peace, while representing a desire to move forward and discover newfoundpassions.”
Buyers want peace of mind more now than ever before. According to a 2021survey from the American Institute of Architects, members report seeing anincrease in the popularity of these home safety features10:
Consider how you can build home safety features like these into thedesign of your home to enhance your quality of life now and attract more buyerslater. For example, you could install a backup generator in the garage and sellit with the house or update your major doorways to be wider.
Before making an investment in expensive home safety upgrades, contactus. We can help you determine what will deliver the greatest ROI for yourlocation and goals.
It may come as no surprise that after the pandemic, 63 percent of homebuyers want their next house to featureroom for a designated office, according to theNational Association of Home Builders.11 In addition, 70 percentof these buyers want the office to be at least100 square feet (or a 10x10 room).
If you can, consider turning a bedroom or a den into a work-from-homeoffice. When designing the space, make it bothfunctional and aesthetically pleasing.Position a desk near the window for natural light, install a bookshelf unit,arrange a few succulents on the work surface, and hang a few framed posters or acork bulletin board on the wall. You want the space to fosterproductivity as well as be a place in your home you enjoy spending time.
When you get ready to sell, we can help you highlight your designatedwork space. Given the high demand for this design feature, it can help youinterest more buyers and attract more competitive offers—if marketedcreatively.
The kitchen has always been a main focal point of interior design, andthat’s no different in 2022. Families will always need this space to cometogether in their own homes.
This year’s buyers want a kitchen with new upgrades and retouches, butyou don’t have to renovate the entire kitchen to make an impact. If you’re notsure where to start, here are a few tips on how to create a kitchen that buyerswill love without spending too much money on renovations:
In a recent interview with the National Association of Realtors, BrianSantos, the director of education for Fresh Coat Painters, explains that bold,unique accent walls are trendy right now.12 An accent wall gives ahome character while maintaining the calming feel of natural- andneutral-colored walls.
Santos also explains that this is part of a design aesthetic that drawsinspiration from the Roaring Twenties, and it’s likely to remain a sought-afterhome feature in 2022. Here are some bold colors to consider for your home’saccent walls:
If you’re planning to sell in the next year, talk to us before adding anaccent wall. Depending on your target buyer, it may be a design feature thatactually hurts your home’s value. We can run a free Comparative Market Analysison your home to help you understand what would resell best in yourneighborhood.
A new exterior siding refresh is one of the most affordable renovationprojects you can do to help increase a home’s resale value. The average cost isjust $12 per square foot, but higher-end material options can push costs closerto $50 per square foot.13What’s more, there are many siding materials available, from fiber-cement,brick, and wood to vinyl, metal, and stone.
While all these options can infuse the exterior with character and addcurb appeal, fiber-cement and vinyl deliver the highest ROI. In fact, accordingto a 2021 Cost vs. Value Report, a vinyl siding replacement can boost resalevalue by $11,315 (68.3 percent cost recoup), and a fiber-cement siding replacementcan boost resale value by $13,618 (69.4 percent cost recoup).14
Give your home this simple, affordable, and attractive facelift beforeputting it on the market. If you’re not sure how to get started yourself, ourteam can connect you with a trusted vendor to guide you through the process.
These design features can infuse personality into your home whilehelping to close the deal if you plan to sell in 2022. The average buyer knowsjust what they’re looking for in a space they plan to call home, so with someinvestment and foresight, you can give your house an edge over thecompetition—and boost resale value in the process.
However, you don’t need to make all thesechanges to attract more buyers. We can help you determine which design featuresyou should add to your home by sharing insights and tips on how to maximize thereturn on your investment. We can also run a Comparative Market Analysis onyour home to find out how it compares to others in the area, which will help usdecide what changes need to be made. Contact us to schedule a freeconsultation!
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