Top Home Trends to Watch For
Unlike a “fad” a home trend is something that we can expect to see for ten or more years, and it is an excellent way to predict homebuyer’s behavior. Each year, surveys are done with industry influencers, to provide us with the upcoming trends. Here are the five trends you will want to pay attention to this year:
Solar Energy: although solar isn’t a new trend, it is one that is making big gains in today’s market with more and more homebuyers opting to invest in solar. The national average for solar panels is between $20,000 and $25,000, and while the ROI on solar power varies from state to state, most people find the investment to be worth it when it comes to reducing overall energy bills.
Tiny Houses: first-time homebuyers, as well as minimalists are showing more and more interest in tiny homes, making them a trend that we can’t ignore. More than half of the influencers who were surveyed, believe that the tiny home trend is growing quickly. And with the affordable pricing between $10,000 and $40,000, a tiny home can be built anywhere making it an attractive option.
Voice Control Systems: Nearly all influencers agree that smart home systems that are using voice commands, or Artificial Intelligence (AI) will be one of the biggest trends in the following year. We are seeing it with Google, Alexa, Apple Home – which are a few of the products already on the market – and they can control lights, thermostats, locks, appliances, etc.
Open Floor Plans: continuing with the trends from years past, the demand for an open floor plan is the number two most popular in recent studies – single-story homes with flexible floor plans that allow the homebuyer to configure the space that suits their lifestyle. If you are considering a renovation of your current home, you may want to weigh the options of removing a wall to make the home more attractive to today’s homebuyer.
Smart Home Technology: the number one trend according to the industry influencers, is smart home technology. This trend has really taken off over the last few years, and it isn’t stopping anytime soon. As mentioned above, we are already seeing it with the invention of Amazon’s Alexa, Google and Apple Home. To add smart home technology, you can plan on an investment of $5,000 to $9,000 on average, but the ROI could result in about five-percent. The most sought-after features include smart lighting, thermostats, and security features.
We invite you to visit us online at www.KnippContracting.com or www.KnippCommerical.com and view our online portfolio. Whether you are looking to renovate your existing home, build your family dream home, or break ground on a commercial real estate project, Knipp Contracting is ready to help you with all your construction and real estate development needs. We look forward to hearing from you soon!