Every quarter the American Institute of Architects (AIA) conducts its Home Design Trends Survey (HDTS). The AIA gathers hundreds of architecture firms’ current project data to reveal new and emerging trends in residential home design. These trends help identify key features owners and buyers alike want.
Whether you’re buying in the North Shore area and want to know what to look out for, or selling and hoping to raise the price of your home, check out the newest trends below!
Effects of Quarantine on Home Design
Over the past year, individuals and families have spent more time in their homes than ever before. This extended time in the home has changed what many buyers are looking for in their forever home. After local spaces like parks, offices, restaurants, and even friends’ and family’s homes became unavailable, homeowners needed indoor and outdoor entertainment spaces in their homes. In fact, 70% of survey respondents are now looking for an outdoor living space and 46% wanted a multi-purpose space in their homes. If you’re having trouble selling your home, or are simply looking to raise the price, consider landscaping or finishing your basement to increase your property value.
At the height of the pandemic, roughly 35% of Americans were working from home. While some have gone back to work, many offices are allowing employees to continue work from home. In response, 69% of participants are interested in a home office space for Zoom meetings or just for a quiet workspace away from the rest of the house.
Many buyers are also looking for an in-law suite (42%). After many spent the past year quarantined away from their parents and loved ones, prospective buyers are now hoping to have a separate space in their home for parents and extended family.
Homeowners, especially in Massachusetts, are also looking for greener homes or at least homes that will cut down on utility bills. Interest in solar panels (54%), electric car charging ports (74%), smart thermostats (52%), and other green home technology is growing quickly. The state of Massachusetts is a leader in implementing energy-efficient policies and programs and even ranked number 2 out of all 50 states on the Energy Efficiency Scorecard by the American Council for an Energy-Efficient Economy (ACEEE).
What does this mean for you as a homeowner or buyer? If you’re considering a remodel or addition to your home, you may want to consider some “green” upgrades. In fact, the home loan experts from Money.co.uk recently shared a report which states how easy green home improvements could add upwards of $38,000 in value to your home.
To learn more about energy efficiency, maintenance and architectural home trends read the full HDTS report here.