What Will 2024 Bring? Expect More Kitchen and Bath Remodeling With Emphasis on Natural Materials
Oconee County, GA Home Remodeling Market Booming
With a sizzling summer behind us and 2024 around the corner, it’s a great time to consider trends and other expectations for 2024. From the data and our own experiences as a top home remodeling contractor in the Oconee County and Athens, Georgia areas, we can’t help but notice several distinct trends emerging for 2024. The Leading Indicator of Remodeling Activity (LIRA) out of the Joint Center for Housing Studies at Harvard University projects that homeowner expenditures for improvements and maintenance may experience a modest decline of around 2.8 percent in the coming months. This is a modest decline amid higher interest rates and inflationary pressures given the market is still expected to reach $471 billion in 2024.
Home Improvement Materials in Vogue in 2024
One of the key trends for the first quarter of 2024 is the resurgence of natural materials and textures. The home improvement world is witnessing a significant shift towards materials such as wood, rattan, bamboo, jute, linen, and cotton. These materials not only bring an organic and earthy feel to the decor but also provide a sense of comfort and warmth that is increasingly desired in our living spaces.
Major renovations are also expected to continue, as homeowners take the opportunity to update appliances, and perform bathroom and kitchen remodels. According to a survey by Discover Home Loans, these areas of the home, in particular, offer the most potential for improvement in 2024. With a focus on functionality, aesthetics, and sustainability, these renovations can significantly enhance the quality of living while adding value to the property.
While some homeowners may be scaling back their improvement projects due to economic factors, many are deciding the time is right for the home remodeling project they’ve been dreaming of. It’s clear that the spirit of home renovation is still alive and well in America.
As we move into 2024, we can expect to see a stronger focus on natural materials, major room remodels, and the continued pursuit of creating functional, beautiful spaces that feel like home. The future looks bright for home improvement, with these trends paving the way for a refreshing new chapter in home design and renovation.
Talk With a Trusted, Top-Rated Contractor in Oconee County, Georgia
In the Oconee or Athens, GA area and ready to learn more about kitchen and/or bath remodeling projects in your home? CONTACT US today to start a conversation and request a free estimate!