The following remodeling trends may be here to stay, according to the National Association of Home Builders’ Remodeling Market Index.
Mother-in-law suites and cottages
Builders and remodelers are finding more demand for in-law apartments (typically called mother-in-law suites whether mom is the sole resident or not) as part of new additions or basement makeovers. The first waves of baby boomers have reached their golden years, and families are getting creative with longer-term care solutions. For some families, this is a lower-cost option than assisted-living or nursing-home care.
Backyard and outdoor living
Booming economic times led to luxury outdoor living — pricey natural stone hardscapes, gourmet grilling kitchens and major electrical upgrades. The recession may have dinged this corner of the remodeling industry, but the concept survives. In fact, investing in outdoor living spaces has been a major part of even budget-minded upgrades within existing home footprints. Consumers may be scaling back their wish list, but they’re not cutting back on outdoor entertaining and family time. After all, if families are traveling less, they’re playing more at home.
Smarter doesn’t mean the kitchen does the cooking for you, but it can mean you’re in and out of there in less time. The peak of the construction surge featured token real estate words like “granite,” “high-end appliances,” prepackaged cabinet “suites” and more. It’s not that people now want low-quality kitchens, they’re just moving toward more customization. Some are putting more money in pantries and utility rooms that keep the guts of the operation undercover. They’re giving up dedicated food-prep square footage in favor of larger eating and family room areas. Kitchens are and will continue to look less like a work area and more like an extension of the living area.
We’ve got your outdoors covered (so to speak). PUP.