Most popular home improvement projects for 2024 - Aqua Finance

Most popular home improvement projects for 2024

With more homeowners looking to stay put in 2024, home renovation trends are focused on upgrading and optimizing existing space.

With sustained high interest rates and rising real estate costs over the past year, homeowners are likelier to stay put in 2024.1 Instead of moving, many first-time home buyers and experienced homeowners want to improve their existing space to increase their home’s value and improve their quality of life and enjoyment of their home.

Here’s a preview of the biggest home improvement trends for 2024:

1. Energy-efficient upgrades

Homeowners are upgrading their living spaces to be more energy efficient. The benefits include lower monthly energy bills, increased home value due to updated appliances, and improved comfort and durability.

Key takeaway: Energy-efficient upgrades may increase a home’s value and help reduce a home’s carbon footprint.2

2. Bathroom renos

One of the areas of a home that has evolved a lot in recent years is the bathroom. So, remodeling an outdated bathroom has become a popular way to upgrade a home.

Today’s trending bathroom upgrades include:3

  • Replacing a tub and shower curtain with a walk-in shower and glass door
  • Installing a modern quartz-top vanity
  • Upgrading the toilet with a newer model
  • Installing neutral colored ceramic tile

Key takeaway: According to Zillow, renovating a bathroom is one of the remodels that can yield the most in terms of boosting your home’s resale value.4

3. Adding more kitchen storage

A streamlined, tidy-looking kitchen is a goal for many homeowners in 2024, so adding smart storage areas, such as appliance garages to store toasters, coffee makers, and blenders, is on the list.5 Optimizing storage can not only help reduce visible clutter but also increase productivity in the kitchen.

Key takeaway: With today’s open concept living, a 2024 kitchen reno trend is building increased storage to help declutter countertops.

4. Backyard upgrades

The importance of connecting to the outdoors remains a top priority for homeowners. In 2024, homeowners are predicted to focus on improving both the design and functionality of their outdoor space.6

Popular outdoor upgrades include adding:7

  • Firepits
  • Outdoor kitchens and pizza ovens
  • Gazebos and pergolas
  • Pools
  • Fencing

Key takeaway: Popular backyard renos are focusing on increasing connection to the outdoors and creating enticing spaces for families to gather.

5. Wellness at home

Rising health and wellness trends are influencing home renovation considerations in 2024, as people learn more about the environment’s influence on their health and well-being.

Common wellness-centered home reno projects include the installation of:

  • Home saunas
  • Cold plunges
  • Meditation rooms
  • Steam rooms
  • Fitness studios

Key takeaway: The demand for affordable and accessible health and wellness spaces has resulted in more homeowners planning wellness-inspired renovation projects.

Learn how Aqua’s competitive consumer financing can help you fulfill your clients’ home improvement needs. Contact us today at:
800-234-3663, option 4, ext. 6094
[email protected]

1 National Association of Realtors, Real Estate and Design Trends to Watch in 2024
2 International Energy Agency, How Energy Efficiency Will Power Net Zero Climate Goals
3 Washington Post, How to get the most value out of your bathroom renovation
4 Zillow, ROI for a Bathroom Remodel
5 National Association of Realtors, 10 Home Design Trends Your Clients Will Love in 2024
6 Better Homes & Gardens, 6 Outdoor Living Trends Experts Predict for 2024
7 National Association of Landscape Professionals, Landscape Design Trends for 2024

Ready to start accelerating your sales? Let’s talk