Home Improvement Trends for 2023
Home improvement encompasses a broad range of projects to repair, remodel, improve or change a home. These activities may include anything from painting and resurfacing a driveway to installing a deck or adding an addition to the house.
In 2023, experts predict that homeowners will focus on a variety of home improvements, including energy efficiency upgrades and remodeling to better suit their lifestyles. These renovations can also help them reduce their utility bills and take advantage of green rebates and incentives.
When it comes to home renovations, the key to ensuring that you get your money’s worth is to hire a qualified contractor and work out a payment plan. Make sure you’re aware of any permits and inspections that are required, and make sure the contractor has a clean record and insurance coverage.
If you’re in the market for a new kitchen or bathroom, consider hiring a contractor to get a quote and work with them on a plan of action. This will ensure that the work is done properly and to your specifications, and it will help you lock in firm prices for the project.
The share of DIY home improvements undertaken by owners has fluctuated throughout the pandemic. It has remained significantly higher among younger owners (ages 19 to 55), and the increase in these owners’ preference for DIY home improvements may persist as the overall market for this activity expands.
Older owners (ages 56 and older) disproportionally undertake fewer DIY home improvements, primarily because of physical limitations that prevent them from performing many construction and improvement tasks on their own. This may reverse in the future, however, if the overall market for home improvements continues to grow as it has recently.