In today’s homeownership landscape, something extraordinary is happening. With housing shortages and rising interest rates, many homeowners are choosing to update and renovate their current homes, making them more functional for the long term. Liza Hausman, vice president of industry marketing at Houzz, a home remodeling resource, notes, “We’re also seeing an uptick in additions, with the vast majority of homeowners hiring professionals to achieve their goals.”
Staying Put: A New Homeownership Trend
Schools, communities, and neighbors you love are hard to find, making the decision to stay in your cherished home all the more appealing. According to the 2023 U.S. Houzz & Home Study, more than 3 in 5 homeowners (61%) plan to stay in their homes for 11 years or more following their 2022 renovations. Notably, the share of homeowners renovating with the intention to sell soon has decreased by half since 2018, from 12% to 6%.
Creating Harmony Between Old and New
The true art of home revitalization lies in the ability to blend the old with the new seamlessly. Contractors like Matt Olliffe excel at this craft. They take the time to understand your vision, working closely with you to ensure that the renovation enhances your home’s aesthetics and functionality. The result is a harmonious balance where original features and charm meet modern convenience. Your revitalized home becomes a reflection of your tastes, combining the best of both worlds.
Navigating Regulations and Honoring Character
Navigating local regulations can be challenging during home renovations. However, seasoned contractors like Matt, based on Bainbridge Island, are intimately familiar with these rules. They know how to integrate modern upgrades while adhering to the guidelines set by local authorities.
Expanding Living Spaces
Another exciting trend in home renovations is the expansion of living spaces. More homeowners are adding square footage to their homes, with the most popular areas for expansions being kitchens, bathrooms, and living rooms.
If you’re entertaining the idea of rekindling your love for your current home, we invite you to explore a few project images for inspiration. Consider reaching out to Matt at Stonehaven Homes for a consultation. Finding the right contractor is a crucial step when embarking on a home renovation or addition. After all, living through a renovation means sharing your most intimate space; your trust and comfort level should be a top priority.
The allure of staying in your home, neighborhood, and community is stronger than ever. Homeowners are increasingly choosing to renovate and enhance their existing spaces, making them more functional and reflective of their unique tastes. With contractors like Matt Ollife and Stonehaven Homes, you can create a harmonious blend of old and new, navigate regulations, and expand your living spaces to fall in love all over again with the home you cherish. Don’t just renovate; make your home a timeless masterpiece.