If there’s one thing we’ve come to count on in the real estate industry, it’s the constant need to keep up with changing trends each year. As we head into 2018, there are already a handful of predictions being thrown around by real estate gurus. If you’re in the construction industry, you need to be prepared for what the new year has to offer.
New homes are the focus
Total home sales are expected to see a slight increase next year, with new home construction being the key driver of this growth. 2018 is likely to be a big year for buyers who are finally recovering from losses back in 2008 as any signs of foreclosure fall off of credit reports and families are eligible to buy homes again.
Our ideal home is changing
Instead of buying large houses with extra space, the trend toward micro homes is ticking along steadily. More people are valuing function over form these days.
Personal pampering over family growth
Perhaps the most important trends for home improvement companies have to do with changes in living arrangements. Despite the ongoing narrative about kids moving home after college, the fact is that families are shrinking in size these days. Young families are more likely to want home offices and hobby spaces than extra bedrooms and nurseries.
Pampering doesn’t stop at the walls
More and more families want to create comfortable living spaces indoors and out for entertaining guests. This will have a big impact on the type of renovations and design features that will be trending this year. Big outdoor living spaces are trending!
Modern tech is the key
More and more young families are interested in sustainable living and smart home features. They want home ownership to be less stressful than renting, and that means simplifying everyday tasks.
While the real estate world is always full of surprises, we do have some strong indicators of where we’re headed for 2018. Home improvement companies can make the most of these home trends at the Home Design and Remodeling Show. There will be consumers from all walks of life looking for reliable companies to handle their renovations and help them attain their dream home.
To see more of South Florida’s changing real estate market, purchase tickets to the next Home Design and Remodeling Show today.