In the upcoming year, a new generation of homeowners will start to dominate the housing market, bringing in new tastes and expectations for sought-after home features. A desirable home used to be distinguished by minimalism, open-concept living areas, and neutral-colored interiors. In 2023, expect new home features that the next generation of home buyers will be yearning for.
What’s here to stay?
Upgraded outdoor areas are only increasing in popularity. People still value access to nature and to the fresh air outside of their homes. Everyone will continue spending more time outside and welcoming their loved ones back into their homes for gatherings. Because of this, highlighting your outdoor entertaining area when you advertise your house will definitely attract buyers. If the outdoor spaces of your home aren’t market-ready, consider renovating with features like natural pools, an outdoor home gym, an outdoor kitchen, a concrete patio, or a sizable pool.
Also here to stay are sustainability and energy efficiency. Homes with sustainable materials and energy-efficient designs have become more prevalent over the last few years. From energy-efficient features to eco-friendly materials, these homes are designed to be more environmentally friendly. 2023 won’t see a departure in this trend. Green construction is actually becoming more popular. Installing solar panels is one method to incorporate sustainability and energy efficiency into your home. The number of Americans struggling to pay their energy bills has increased dramatically, which is why more people are searching for homes with solar panels. Adding solar panels raises the value and appeal of the house. It is a home improvement project with a great ROI and is guaranteed to attract homebuyers.
Read Exploring the Real Estate Housing Market: A Guide for Investors.
What’s new and in-demand for 2023?
1. Storage
Storage will undoubtedly be a huge point of contention as the number of non-romantic co-buyers rises in 2023. Here, “non-romantic co-buyers” refers to friends, siblings, parents, and adult children co-buying a home together. It’s one of the many things that I’ve observed many non-romantic co-buyers desire in a property over the course of this year, which I anticipate will carry over into next year as their numbers increase, given the looming inflation. The amount of closet space is among the first things buyers look at.
The home’s closet space must be spacious and well-designed because buyers in this category would want or prefer not to share closet space with their friends or family. Another key component here is adjustability. The closet should be movable to meet the buyer’s preferences and accommodate the types of clothing they wear. This could refer to anything from movable hanging rods to adjustable shelving. More buyers will be drawn in by functional and adaptable closet areas.
2. Old-school layouts
Expect to see a decrease in buyers looking for open-floor-plan homes. The new age of working from home and the increase in children learning remotely have compelled numerous homebuyers to look for homes with plenty of private spaces. Many have found themselves needing more privacy and separation from the people they share their house with.
Also, open-floor plans without separation among distinct living spaces aren’t ideal in remote work and learning settings since noise and errant sounds bleed through. Homebuyers are looking for private rooms for video calls and enclosed spaces for privacy and seclusion. Thus, closed floor layouts will become the norm again, offering plenty of personal space and designated areas for various tasks and activities.
3. Designs centered on wellness
In 2023, form and function won’t be the only priorities. Because of the unpredictability of COVID-19, as well as other stressors that are currently prevalent, homebuyers seek spaces in their future homes that are excellent for physical and mental wellness. People desire their own little havens at home where they may unwind, decompress, and unpack to escape the continual barrage of stressors. This is where wellness-centered design comes into play. Wellness-based design is when you include holistic components in the house with the intention of improving the wellbeing of the homeowners.
To incorporate holistic components into the home, you can work on home remodeling projects like installing steam showers, heated flooring, and freestanding bathtubs. These components contribute to making the home a relaxing space for the owner. If you want to undertake a more significant renovation, consider installing water filters, air quality monitoring systems, window replacements that let in more natural light, or repainting the entire interior in soothing colors.
