2022 was an exciting year for the housing industry. When home prices and interest rates increased, the booming market we experienced between 2020 and 2021 began to slow down. Then, inflation slowed the building of new homes while the cost of building materials soared. That means many homeowners are remaining in their homes and looking to invest in the same area they are in today.
While the rise in inflation has slowed the need for renovations triggered by the pandemic, as increasing numbers of people are working, living, and playing at their homes, the market for home improvement is expected to continue to experience an increase by 2023. If you’re considering home renovations in the coming year, take a look at these trends that make a splash and help you save money.
New Window Installation Trends
Bigger Is Better
It’s been established that gazing at nature scenes, or even looking out of a window, is beneficial to our mental well-being, which is why it’s natural that homeowners would want to take advantage of the views they have. Large windows are in fashion, and door panel sizes have increased by 10% in the last five years. Windows are getting bigger and better with a higher profile and floor-to-ceiling windows, and there’s still a need for bi-fold and multi-slide doors, which can incorporate retractable screens to bring outside.
Home Away from Home
After years of canceled and rescheduled trips, the U.S. Travel Association forecasts a rise in leisure travel volumes and spending to 2023. When we reach our destination, we’d love to lounge around in comfortable, modern accommodations. After the flurry of vacation home sales in 2020 and 2021 and the desire to make the home feel like a getaway, we’re seeing increasing numbers of homeowners wanting to renovate and invest in their second homes.
A Place of One’s Own
Open-concept floor plans still dominate plans for new construction; however, many homeowners are searching for quiet, small areas to escape their home’s hustle and bustle. It might be an ideal reading space or an office that doubles as a craft room. Some take this idea one step further and make additional dwelling units (ADUs), structures entirely separate from the main home, in their backyards for work and play. ADUs are also an excellent option for multi-generational living and for guests staying overnight.
Work Smarter, Not Harder
There are already smart doorbells that track the arrivals and departures of people who visit our homes, smart thermostats that can automatically regulate rooms’ temperatures, and smart appliances that provide us with the ability to warm the oven while we’re at the office. Therefore, it’s only natural that our windows also feature this same intelli-tech feature.
A Sense of the Environment
Sustainability is always trendy; however, the emphasis on sustainable building methods continues to grow. In order to reduce the estimated 8,000 lbs of waste produced when building a 2,000-square-foot house, according to the National Association of Home Builders (NAHB), homeowners are more aware of picking high-quality materials that will last for many years instead of cheaper products that are mass-produced.
Energy efficiency is also on top of the list. “In the NAHB’s “What Home Buyers Really Want” report for 2021, 83 percent rated ENERGY STAR windows as the number-one desirable or must-have green feature for their home.”
Accessories that Shine
While a solid foundation and an efficient floor plan are important, these aren’t the only things that give homes an individual look. Instead of relying solely on standard lights, people are turning to architects to add light to their homes. A good mixture of task, ambient lighting, or accent lighting could encourage relaxation, ease eye strain, and add harmony to the room.
Brushed brass remains the most popular finish option for furniture, lighting, bathroom and kitchen fixtures, and hardware, but two-tone options, like chrome and black matte faucets and handles for drawers–are presenting a fresh look for 2023. The most striking statements can be made through subtle choices in design, like “disappearing hardware” that blends seamlessly into the surroundings, one example being matte black hardware used on black-painted Windows and Doors.
A Rise in Soft Neutrals
Viva Magenta could be Pantone’s color of the year; however, within the home, we’ve witnessed the rise of earthy, soft neutrals, such as Stone White and Gunmetal, along with natural wood tones. The shades and textures give the feeling of grounding and peace.
In the case of windows, less is more in 2023. The homeowners are choosing clean lines and minimal elements that focus on the view beyond the glass. This includes eliminating screens that block the sparkle of direct glazes on the house’s exterior or opting for retractable screens. This minimal look can be seen in the walls, drywall returns, square stick profiles, and modern hardware handles in the interior.