Trends That Will Define Home Trends in 2020

Every decade brings forth a new change. 2020 is no different. Want to get a headstart on your design inspiration? Here’s a piece of good news if you plan to start remodeling your home. These will define home trends in 2020.

Non-White Kitchens

One of the biggest trends to come out of 2020 is the emergence of non-white kitchens. Two-tone kitchens, as well as colored cabinets, have seen a rise in popularity. All-white kitchens had dominated the market for a while, but with this new decade, we’re seeing a pattern of diminishing in its use.

Sit-In Bathrooms

For the modern homeowner, bathrooms are not just about utility anymore. More and more homeowners are converting their bathrooms into a sanctuary. While you may not need a full-blown spa, a sitting arrangement or two can do the job, as well.

Floating Vanities

Out with the old, in with the new. This seems to be the mantra for 2020 trends. Floating vanities are practical, save space, and give your bathroom a more contemporary look.

The popularity of the floating vanities is also due to the rise of a “minimalistic” aesthetic. While this trend may still be “sinking” in, it is undoubtedly a favorite for 2020.

Focus on Powder Rooms

In previous years, powder rooms have been nothing more than a formality. However, the new decade is shifting attention to this underrated room.

Homeowners are increasingly choosing to go the extra mile when it comes to remodeling their powder room. It includes elaborate wallpapers, accented hardware, and quirky themes, as well.

Return of the Formal Dining Room

Most of us had assumed that formal dining rooms were pretty much on the verge of extinction. However, the new decade has brought a revival of sorts.

Homeowners are accepting the old with a hint of new. Not just that, they aren’t afraid to pull all the stops to go as extravagant as they want to highlight the importance of the dining area.

The Rise of Sustainability

The word “sustainable” has been making its presence known in recent times. The world is moving towards an environmentally aware state and home trends are not an exception.

Homeowners have been taking the environmental impact of their purchasing decision into consideration. From using upcycled materials to sticking to an “earthy” theme for their design, sustainability is the name of the game.

Stay Away From Trends

From bright-colored cabinets to quirky decor, every design element in 2020 comes down to one thing: “Personality”. The biggest trend in 2020 is to show your personality rather than shy away from it.

Homeowners are embracing breaking rules and trends. Drifting away from popular trends and staying true to your personality is the biggest trend of this decade.

In Conclusion

2020 has seen a rise in very familiar, yet unique trends. Those are here to stay. If you want to get an edge on your remodeling plans, it’s a good idea to keep them handy.

Some hot home renovation trends this summer

Whether building a home from scratch, doing a complete renovation or simply refreshing a room or two, you can take your project to the next level with some design inspiration.

As one half of HGTV’s “The Cousins” and the founder of Lilyshea Development LLC, John Colaneri is well versed in top design trends. Having recently purchased a 1960s-era rambler with the goal of taking it down to the studs and remaking it, Colaneri is sharing insights and ideas to help you create a space in your own home where all the elements blend together:

• Color pop.

Find a color to carry throughout the entire home. While many people typically look to paint doors and trim white, consider being creative here.

“For my home, which has an open-concept floor plan, I knew that I wanted to use a dark color for trim and doors in order to enhance other design elements, such as my kitchen island and hood,” Colaneri says.

• Something old, something new.

Achieving a blend of old and new can bring warmth and texture to otherwise ascetic spaces and design elements.

“I love contemporary design, but my true passion is blending old and new together. For the main entry and hallway, I installed reclaimed natural wood to add warmth and character to the space,” Colaneri says. “Likewise, I selected industrial-style light fixtures that boast traditional touches.”

• Let it shine.

Blurring that line between the indoors and outside can make a space feel larger and more inviting. To do this, Colaneri suggests replacing old windows with those that bring in more natural light.

“I chose black trim to give my windows a contemporary look and allow them to be a focal point, but I went with a farmhouse-style grille for a traditional feel,” he says. “I also changed the rear windows into sliding doors, which made a huge difference by offering more outdoor access and light.”

Colaneri chose to work with Renewal by Andersen because of the quality of the products and the fact that it’s a one-stop shop, which can simplify a home renovation during these uncertain times.

“This is the first time I had one company handle so many aspects of my project,” he says. “You need to have a professional team that thinks of all the small things that can go wrong and reacts before they happen.”

• Customized tiling.

Tiles are a great way to customize a space so that it’s truly yours.

“Since I have three different design styles pervasive in my home — contemporary, rustic and industrial — I wanted the tiles to reflect this,” says Colaneri, who chose different effects for his daughter’s bathroom, the master bathroom and his home’s entryway, where he used a hexagon marble tile that blends into the wood floor.

What you can do now to plan and manage a home renovation once conditions are right

TWP – Like everyone else, you’ve been spending lots of time at home during the past several weeks. And you’ve probably become more acquainted with all the flaws in your home: the outdated kitchen cabinets, the frayed carpeting in the family room that needs to be replaced by hardwood, the spare bedroom that needs to be converted into a dedicated office.

Maybe the thought of a renovation has crossed your mind. But this couldn’t possibly be the right time for one, could it? Well, it depends.

Amid the coronavirus pandemic, home construction — including remodeling — had been deemed an essential business under the original stay-at-home orders in the District, Maryland and Virginia. But whether a specific project is considered appropriate is a matter largely determined by homeowners and contractors.

“Putting a roof back on is essential,” said David Merrick, president of Merrick Design and Build in Kensington, Md.

Merrick, who also serves as chairman of the government affairs committee for the National Association of the Remodeling Industry (NARI), said contractors are more likely to take on outside rather than inside projects. In the case of a customer seeking to renovate the basement of her D.C. rowhouse, the decision was made to wait until the late spring or early summer when everyone would feel more comfortable.

Not surprisingly, home construction activity nationwide has fallen significantly since the covid-19 outbreak, according to the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, and is not expected to recover until well into 2021.

The slump in activity may work to your advantage, experts say. Because work has dried up, some contractors may be more willing to give you a better deal on the pricing than they would have several months ago when demand for their services was high.

If you opt to wait until the pandemic eases, experts say, you can still use this downtime to plan your project and get on your contractor’s radar.

“If you have a four to five month timeline, you can talk to friends on who they used and look at Angie’s List reviews on their performance,” said Kermit Baker, project director at the Harvard remodeling program. “You can do your due diligence as you prepare to get the project ready.”

Once you decide on what work needs to be done and when to do it, be sure to put your order in right away. “If you wait until September to place your order, [contractors will] have five months of orders in front of you,” Merrick said. Then, it will “be hard time to get the contractor to return your phone call.”

Here are some other factors you can consider ahead of time during this lull:

Budgeting and financing

Probably the best thing you can do is not get too caught up in the aesthetics but to invest considerable time concentrating on the logistics.

“Every home improvement project will cost more than you think it will and will take more time than you planned,” Bob Harkson, chief financial planner at Phase2 Wealth Advisors in Gig Harbor, Wash., told The Post in May 2019. Harkson said the biggest problem he sees with his financial-planning clients is that they haven’t budgeted enough.

The tricky thing about home improvement is maximizing your return on investment. You want to spend money that will yield a return when you sell your home, but not overspend way beyond what a buyer would be willing to pay you. So how do you find the sweet spot?

Experts say that kitchen and bathroom renovations are among the projects that provide homeowners the best yields. According to Remodeling magazine, kitchens recouped 62.1 percent and bathrooms 67.2 percent. Others include: 70.8 percent for windows; 75.6 percent for siding; 68.2 percent for roof; and 75.6 percent for deck.

Dan DiClerico, a smart-home expert for HomeAdvisor, a New York-based home improvement platform, offered this rule of thumb: “You should spend about 5 to 15 percent of your home value on kitchen renovation,” DiClerico told The Post in May 2019. “So, if your home is worth $300,000, you should spend $15,000 to $45,000 on the kitchen. A bathroom renovation should cost about 3 to 7 percent of your home value.”

If you’re into analytics, HomeAdvisor’s State of Home Spending offers data and charts to help you determine whether your budget is in line with what other homeowners pursuing similar projects paid. Another useful source is the Remodeling Cost vs. Value Report, which offers searchable databases to compare renovation costs by Zip code.

“The more thorough you are in the planning stages, the more likely you are to come in on budget for your project,” DiClerico said.

A major component of planning involves accounting for surprises. Sonu Mittal, head of retail mortgage lending for Citizens Bank in Plano, Tex., said you should budget an extra 10 percent for unforeseen expenses.

So how do you pay for a home improvement project? There is no shortage of methods. Here are a few:

  • Savings: This is the easiest because it doesn’t require getting approval or paying fees and interest.
  • A Federal Housing Administration (FHA) 203(k) or Fannie Mae HomeStyle Renovation loan: “An FHA 203(k) loan offers flexibility because you can finance up to 97.75 percent of the improved home value,” Catherine Holtman, operations support manager for Embrace Home Loans in Middletown, R.I., told The Post in May 2019. “There’s a streamlined version for improvements up to $35,000 that are nonstructural and a standard version for major renovations including structural changes.
  • Home equity line of credit (HELOC): This provides homeowners flexibility in that they only pay interest on the line of credit they use, and the closing costs are minimal.
  • Cash-out refinance: Borrowers should keep in mind that closing costs for cash-out refinancing is higher than a HELOC, but interest rates are lower.
  • Personal loan: A personal loan is best for borrowing smaller amounts because it has to be paid back sooner and have higher interest rates than a HELOC.
  • 401(k) loan: The loans have a low interest rate. Financial advisers discourage these type of loans because they must be paid back immediately if the borrower leaves their company.
  • Credit card: This is a simple way to pay for a project. However, they come with high interest rates.

Undertaking a major project

Before embarking on a major renovation, you should take some time to determine the best approach given your budget, timeline, patience and willingness and ability to do some of the work yourself. Here are seven methods:

  • Design-build firm: These firms, which include designers and architects, can manage the project from beginning to end and oversee all the subcontractors. The downside is that they can be costly.
  • Kitchen designer: These firms specialize in kitchens and can often provide a more custom look for your project.
  • General contractor: A general contractor is best for people who know what they want but need someone to manage the project. Because of their relationships with vendors, general contractors often can get discounts on supplies.
  • Specialty kitchen store: These retailers offer discounts on kitchen components and fixtures and custom services.
  • High-end design firm: This is for homeowners who want the best of the best, and don’t mind paying for it.
  • Big-box store: Stores such as Home Depot and Ikea can often get special discounts on labor and can generally offer their services at prices lower than general contractors.
  • DIY: For people who would like to save a ton of money, but are also handy.

If you’re pursuing a bathroom renovation, for example, keep in mind that 50 to 75 percent of the project’s cost will be labor. So it’s important to educate yourself on how to negotiate labor costs or hire a contractor who can do so.

Working with limited dollars

If you’re looking to start off small to get your feet wet, Zillow offers some suggestions on lower-cost projects that can give you a bigger bang for your buck. For instance, Zillow says spending $3,000 on outdoor “curb appeal” projects such as paint and landscaping can yield $3,500 when selling.

Zillow also recommends that when renovating to sell that you try to incorporate the latest design trends into your home.

When trying to prioritize limited dollars, Zillow recommends that you simply ignore the basement. Basement projects, according to Zillow, yield only 50 cents on the dollar even when a bathroom is added.

Justin Pierce, a real estate investor and real estate agent, suggests that homeowners opting to manage their own projects should use a Construction journal to stay on top of the project and to give them a record with contractors when something goes awry.

“Keeping a journal has really helped me,” Pierce wrote in a Post column in July. “If things go badly, it can be useful in court or arbitration. Contractors, especially shady contractors, are good at complicating the issue or adding doubt in your mind. They blame delays and increased costs on the weather, additional work, inspectors and the client. You may be shocked to receive $10,000 in change orders at the final accounting. This is impossible to unravel six weeks down the road. It’s best to note things as they happen and share milestones and your understanding of them with the contractor.”

Pierce said the journal should include: the start date, major milestones, inspection dates, subcontractor work schedule and change orders.

 

 

 

 

 

 

 

Coronavirus didn’t stop home renovation projects, survey finds

Despite fear, restrictions and the economic downturn that followed the coronavirus, more than half of homeowners who were working on a renovation project before the pandemic were able to continue it, according to a new study.

On Wednesday, home renovation and design platform Houzz released the results of a survey of about 1,000 American homeowners who use the platform.

The survey found that 52 percent of respondents said they were able to continue their home renovation or design project even after the coronavirus was declared.

The ability to continue a project depended on state and local restrictions.

According to the report, 64 percent of respondents in the South were able to continue their projects, which was the highest percentage in any region.

The South was followed by the West, where 56 percent of respondents said they continued, the Midwest, where 40 percent said they continued and the Northeast, where 37 percent said they continued their projects, according to the survey.

Meanwhile, about 47 percent of respondents put their projects on hold, but only 1 percent completely canceled their project, the survey found.

Among homeowners who paused their projects, about 40 percent said their project “wasn’t urgent and could wait,” another 38 percent were concerned about health and safety and 27 percent had to wait for local restrictions, according to the Houzz report.

The most likely projects to continue during the coronavirus were focused on home offices and master bedrooms, the survey found. Houzz also reported remodeling projects in the master bathroom and kitchen were also likely to continue.

The survey also found that the projects that were most likely to be put on hold were focused on guest bathrooms and garages.

The coronavirus also inspired 79 percent of respondents to consider making home renovations or other changes to “help them enjoy their homes more,” according to the report.

Houzz also found that about 50 percent of respondents said they faced challenges in their homes.

Among those, 34 percent of respondents said they needed more storage, 24 percent said they needed better lighting, 23 percent said they needed a workout space and 23 percent said they needed a workspace.