According to a 2023 study, the median luxury home price is around $1,297,500.
This price can be high, but you may be able to find a cheaper one that you can turn into your dream home.
Before you start brainstorming, keep reading to learn about the latest luxury home remodeling trends!
Fancy Home Offices
After the COVID-19 pandemic, many people are still working from home. At the end of 2021, 27.6 million people were working from home, and it’s clear that many companies are sticking with this policy.
Because of this, home offices are increasing, and the luxury trend is as well. Many people will prioritize a room or an area for a home office specifically for this office.
You’ll want to design your office in a way that benefits your energy and productivity. You’ll want to transform these home offices with the best furniture and decor, but you’ll also want to incorporate smart tech, like a smart board or a projector, to maximize your productivity.
After you’re done working in your home office, you can wander over to your kitchen, but you’ll want to have customized kitchen appliances as well.
Many luxury appliances are letting customers customize and mix and match their appliances. For example, if you can’t decide between a gas or an electric stove, many luxury homeowners are investing in both.
There are also new styles of different stove range sizes. There are endless customizations to make when doing your home remodel.
Wallpaper is one of the renovation trends that is coming back and making its way into luxury homes. Wallpaper is here to stay, whether it’s peel-and-stick or a regular roll.
It’s a quick and easy way to decorate a room without having to worry about painting a wall. There are all kinds of wallpapers to choose from, which can give your walls the perfect characterization that they need.
For example, many luxury homes in New York have tropical leaf pattern wallpaper to help give the place a sense of home. It also helps to make an accent in the home without having to take up any of the precious floor space.
Texture is another big luxury trend. Most luxury homes don’t have flat-finish drywall, and now some people want to have a tactile feel to the walls.
Because of this, faux finishing has become one of the most popular materials for home projects. Faux finishing is applying materials to your walls to make it look as if the material was always there.
For example, many luxury homeowners will remodel and create a faux brick wall. If they do a good job, you won’t be able to tell that it was a normal wall beforehand.
As technology and AI becomes even better and more popular, many people are investing in smart appliances to make their lives easier.
For example, there are now ventilation hoods that you can install above your stove that have Wi-Fi capabilities. They can connect to a cooktop and automatically turn on. The hood can also adjust the fan accordingly based on the temperature.
Smart fridges are also becoming even more popular, especially since they can connect to home systems like Alexa. There are also smart wine refrigerators that use an AI app to learn your wine preferences.
Once it learns your preferences, you can use it for suggestions on what to drink based on what you like.
Outdoor living spaces have become even more popular, thanks to the COVID-19 pandemic keeping a lot of people at home.
Now, many homeowners are making their home and the outside area the perfect paradise that they would never have to leave. You can even design your own custom fire pit, outdoor lounge, or kitchen and pool to build a place where you can host parties.
Statement ceilings have become a popular design element in luxury homes.
Whether it’s a tray ceiling or wooden beams with statement ceilings, these types of ceilings can really be the final touch that you’ll need in a room.
Depending on what type of statement you choose, you could even make the room feel bigger than it really is.
Open Floor Plans
Open floor plans have been a popular trend, and they’re not going anywhere anytime soon. Many luxury homeowners are still tearing down walls to create an open concept and improve the flow in their houses.
This also allows for more air circulation and natural light, and it can really help to tie multiple rooms together.
If you incorporate an open floor plan correctly, then you could also make your home feel bigger than it really is. You can also arrange your furniture in a way that can help to create the illusion of different rooms while still having that open concept.
Bathrooms that are basically spas are also a popular trend when doing home renovations. They’re not designed to just be functional spaces, but rather they’re a place for people to relax and rejuvenate.
To create this relaxing bathroom atmosphere, people are installing steam showers, ambient lighting, soaking tubs, and even heated flowers and towel racks.
Discover More About Trends in Luxury Home Remodeling
These are only a few trends in luxury home remodeling that you need to consider to make your home trendy and also boost its resale value.
However, while these remodeling projects might seem like a good idea, they can take up a lot of time and energy, and they can be challenging for someone who hasn’t done that type of project before.
If you want to leave this work to the experts, contact us today!