COVID-19 changed many aspects of daily life, including your relationship with your living spaces. Many people have begun to rethink how they live in their homes. Homeowners are keeping two things in mind when making home renovations. First, they’re considering what needs to be done to make a home more comfortable. Second, homeowners are considering what renovations will result in the best re-sale value. With more time being spent at home, homeowners are making renovations that maximize square footage, add functionality, and make it easier to live.
Kitchen Upgrades
Potential buyers are looking for homes that feature functional and attractive kitchens. With the rise in people cooking meals at home and keeping excess supplies and food on hand, it’s important to have a functional space with sufficient storage. 2021 is seeing homeowners renovate their cooking havens to include pantries and clever storage solutions.
Investing in kitchen renovations makes financial sense if you are planning to sell your current home. The best way for a seller to get at an attractive buyer offer is to make the right upgrades that buyers are looking for. Plum Kitchen has years of experience creating custom designs for all types of lifestyles. Their team of expert designers can create designs ranging from traditional to contemporary for every space and budget. If you do a quick search for “kitchen showroom Redditch,” you will find everything you need to create the ideal cooking space. The interior design company uses high-quality materials that are built to last and deliver quality craftsmanship.
Accents for Sanitary Spaces
COVID-19 has caused greater awareness of the transmission of illness and germs. 2021 has seen a rise in homeowners purchasing hands-free and touchless features for their homes. With increased awareness of sanitary habits, homeowners are seeking the peace of mind of reducing high-touch areas and keeping surfaces germ-free. Indoor air quality is also a growing concern, and homeowners are increasingly utilizing air purifiers. Indoor air is full of pollutants, pollen, allergens, airborne viruses, bacteria, pet dander, and mold spores. Indoor pollution can lead to health problems and worsen allergy symptoms and asthma.
The best way to achieve clean air at home is to use the right air purifier. The Vremi air purifier uses a True HEPA filter and activated carbon filter to purify the air of any small space or large room. A smart air quality monitor lets you know when to change the air filter and tells you the air quality level. Google “Amazon air purifier” to find an air purifier that effectively removes pet dander and odor, allergens, viruses, dust, and mold so that you can breathe clean air at home.
A Bathroom Oasis
2021 is seeing homeowners upgrade their bathrooms to create an at-home oasis. Big renovations to make a more spa-like bathroom include the installation of soaking tubs and luxurious rain showers as well as bidets. The right design features in a bathroom can help you feel more relaxed and reduce stress. Homeowners who are upgrading their bathrooms into tranquil spaces will see a great ROI when it comes time to sell.
Investing in real estate can be lucrative, but the trouble with this type of investment is having enough capital. Coming up with a down payment for a new home purchase while trying to sell your current home is difficult. You may be a real estate investor waiting for a flip property to sell but have found a new property and need the capital to buy it. A great option when you’re tight on cash flow for the purchase of a new home until your current home sells is a bridge loan. It’s a short-term loan that helps bridge a cash flow gap and can be paid off or refinanced conventionally. Bridge loans carry a higher interest rate and origination fee compared to a long-term conventional loan such as a traditional mortgage.
Northwest Private Lending offers a range of equity-based financial products for every type of real estate transaction. The bridge loan lender helps clients purchase “cash only” listings that can’t be financed with traditional loans such as foreclosures and escrow homes. Their bridging finance solutions allow clients to purchase their next home before selling their current home so they can continue to succeed in real estate.
The Functional Home Office
Many people have adopted a remote working schedule and have found a need for a functional home workspace. Having a dedicated workspace makes it easier to focus and accomplish your tasks. Homeowners are prioritizing the need to design a home office or small space that allows them to work comfortably, efficiently, and without interruption. No matter how many square feet of space your home has, a functional home office is a must.
Homeowners are investing in their homes to make them more comfortable and functional in 2021. The key to home renovations is investing in projects that increase your property value and attract buyers.
