Home improvements, like so many other consumer choices, go through popularity phases. A few ideas remain in the top ten year after year, while others appear on the favorites list once and disappear. For 2023, the most popular improvements are all long-term choices among owners who value comfort, property appreciation, and practicality.
For many, the core concept behind a project is a detailed investment strategy. For others, it’s all about making their living space attractive, safe, useful, and comfortable. Currently, homeowners are investing in sophisticated security systems, garage conversions, roof replacements/upgrades, and home elevators. Here are details about each project.
Roof Upgrades
Those who have owned several homes have a deep appreciation for a good roof. They know that upgrading or replacing one is like investing in a high-performance stock. That’s because a well-maintained roof plays a central role in the long-term value of any structure, particularly a residential dwelling.
There are dozens of reasons people put their hard-earned money into roof jobs. Besides making the house look great, a new or renovated roof serves as a major selling point if you decide to move.
Plus, a high-quality roof adds substantially to the structure’s overall energy efficiency. But most of all, they give owners peace of mind by minimizing the risk of water damage, leaks, storm damage, and long-term exposure to the sun.
Home Elevators
In the past decade, the home elevator industry has enjoyed steadily increasing demand from consumers. For millions of adults who are nearing retirement, the idea of an in-home elevator means freedom from the risk of falling, no need to use stairs, and full access to any area of the house.
There are many reasons to buy a home elevator, but one thing people love about them is that they can add to the property value. Prospective buyers take note of a feature as attractive and unique as an elevator, and the unit can help sell a house quickly in any kind of market.
Along with those factors, there’s the obvious convenience and luxury that comes with having a domestic elevator. It’s no mystery that private elevators are growing in popularity with each passing year.
Security Systems
The beauty of security system improvements is that you can make them as basic or extensive as you wish. Some homeowners opt for a few surveillance cameras, a smart lock, and motion-activated exterior lights. Others invest in sophisticated perimeter cameras, loud alarms connected to police stations, and reinforced doors and windows.
Garage Conversions
One of the fun DIY projects for enthusiastic homeowners is the garage conversion. The job is a relatively simple way to transform unneeded garage space into a bedroom, office, den, storage space, art room, or something else.
It’s a commonsense way to get more use out of a home’s finite square footage. For millions of those who never use their garages for vehicle parking, conversions make plenty of sense and can add substantial value to the property. As owners age, their needs change, and it’s easy enough to redo a converted garage whenever necessary and make the space serve any function at all.
