Top 10 Home Design and Real Estate Trends for 2023
10 Home Design and Real Estate Trends to Watch in 2023
As we move further into 2023, the world of home design and real estate is evolving with new trends and innovations. From sustainable features to specialized needs for an aging population, there are several key takeaways that homeowners and buyers should keep in mind. Here are 10 trends to watch in 2023:
1. Staying Put with Sustainable Features
With interest rates still high, many homeowners are choosing to stay put and optimize their existing homes. Sustainable features, accessory dwelling units, and AI-driven technology are becoming more popular as homeowners look to decrease maintenance and energy consumption.
2. Specialized Needs for Aging Boomers
Architectural firms are designing facilities with specialized needs for aging boomers, including amenities like memory care gardens and light-filled spaces to support circadian rhythms. As the population ages, more attention is being paid to housing options that cater to older adults.
3. Smaller Single-Family Homes and Townhomes
Single-family homes are shrinking in size, with a focus on ranch-style houses and attached townhomes. The trend towards smaller square footage is driven by high mortgage rates and lifestyle changes that favor more compact living spaces.
4. Bigger Apartments
While single-family homes are getting smaller, apartments are increasing in size to accommodate the growing demand for more space to work from home. Renters are looking for larger units with more bedrooms and amenities.
5. Sustainable Energy Use
Sustainability is a growing trend in home design, with a focus on energy-efficient features and materials. Builders are incorporating sustainable practices to create homes that are more resilient to extreme weather and reduce carbon emissions.
6. Luxury Spec Building Demand
The demand for luxury spec houses and townhomes continues to rise, particularly in desirable locations like South Florida. Modern designs with flat roofs, wood detailing, and open floor plans are popular among buyers looking for upscale living spaces.
7. Multifamily Amenities in Small Buildings
Smaller buildings are incorporating more amenities to compete with larger developments, including EV charging stations, shared parking, and communal spaces for residents to socialize. Property management companies are focusing on creating a sense of community to attract and retain residents.
8. Focus on the Kitchen
The kitchen remains the heart of the home, with trends like induction cooktops, walk-in pantries, and artisanal features gaining popularity. Homeowners are investing in kitchen renovations to create functional and stylish spaces that can last for years to come.
9. Natural, Native Landscaping
Homeowners are prioritizing conservation and biodiversity in their landscaping choices, with a focus on native plants and ecosystems. Communities and private backyards are incorporating features that support wildlife and reduce environmental impact.
10. “New” Neutrals for the Exterior
Neutral colors are making a comeback for exterior home design, with darker hues like midnight blue and charcoal gray adding drama and sophistication. Homeowners are opting for durable paint finishes that can withstand the elements while still making a statement.
As we navigate the ever-changing landscape of home design and real estate, these trends offer insight into the preferences and priorities of today’s homeowners. Whether you’re looking to stay put and renovate your existing home or explore new housing options, keeping an eye on these trends can help you make informed decisions that align with your lifestyle and values.