Home renovation trends to watch: What homeowners need to know

Oct. 14, 2024

This paid piece is sponsored by Amy Stockberger Real Estate.

By Amy Stockberger

 

Thinking about updating your home? You’re not alone. In the past five years, 94 percent of homeowners have taken on major renovation projects. Whether it’s a simple refresh like a new coat of paint or a full-scale remodel, staying on top of the latest trends is key to boosting your home’s value and enjoyment.

But here’s the catch: 78 percent of renovations came with budget overruns, unexpected delays and even regrets. That’s why we’re here to help you navigate those challenges with confidence — through a brand-new service in our Lifetime Home Support™ model: Home Sweet Concierge.

Introducing our Home Sweet Concierge program: Support for life

At Amy Stockberger Real Estate, we believe that finding your dream home is just the first step. We’re dedicated to helping you secure a home that matches your budget and parameters, ensuring that the homebuying experience is seamless and aligned with your financial goals. But we don’t stop there.

With our new Home Sweet Concierge program, we’re with you for life, ensuring that what is likely your biggest asset — your home — continues to build value. Through ongoing concierge support, we’ll help you with everything from home maintenance to preventive care and upgrades or projects that boost your home’s equity.

What sets Home Sweet Concierge apart is our commitment to providing up-to-date, expert advice on the ROI, or return on investment, for any project you’re considering. Whether you’re planning a kitchen remodel or adding energy-efficient features, we’ll make sure you know how each project impacts your home’s value. Not only that, but also we’ll connect you with trusted Home Support Team partners to get competitive bids and ensure quality work.

Taking care of you — and your home — for life

With Home Sweet Concierge, you’re not just getting a home — you’re gaining a lifetime of care. From ongoing expert advice to regular check-ins, we’re here to ensure that your home continues to work for you, growing in value and providing comfort and security. And, of course, you’ll also enjoy all the perks of our Lifetime Home Support™ model, including access to moving trucks, tool rentals, discounts and more — all designed to make homeownership as stress-free and rewarding as possible.

Top renovation projects for 2024

If you’re thinking about updating your home, here are the trends you should be keeping an eye on:

No. 1 — Bathroom remodels

One of the most popular renovations, bathroom remodels top the list, with 37 percent of homeowners tackling this space. Modern bathrooms emphasize spa-like elements, with features like rainfall showers, freestanding tubs and sleek vanities making frequent appearances. Updating your bathroom not only can improve comfort but also offer a solid return on investment when it comes time to sell.

No. 2 — Interior painting

A simple way to refresh your home, interior painting continues to be a top DIY project, with 33 percent of homeowners giving their walls a fresh look in 2024. Neutrals like white and gray remain popular, though many are experimenting with bold accent walls and statement colors to add a personalized touch.

No. 3 — Energy-efficient upgrades

HVAC upgrades are a practical renovation that has seen a rise in demand, with 30 percent of homeowners choosing to invest in more energy-efficient heating and cooling systems. In a time where energy savings are more important than ever, these updates can make your home more eco-friendly and reduce monthly utility bills.

The costs of home renovations — 78 percent exceeded their budget

While home renovations can boost the value and comfort of your home, they often come with unexpected expenses. Seventy-eight percent of homeowners went over budget on their last renovation, with 44 percent exceeding their budget by $5,000 or more. To avoid this, it’s essential to factor in a buffer for unforeseen costs, whether you’re working with a contractor or handling the project yourself.

One of the biggest decisions you’ll face is whether to go the DIY route or hire a professional. While hiring a contractor may save you time and deliver higher-quality results, it also can be more expensive. According to a recent survey, 53 percent of homeowners who hired contractors went over budget, compared with 42 percent of DIYers. Whichever path you choose, make sure to research and plan thoroughly to avoid the most common pitfalls.

Final thoughts: Make your renovation count

Renovating your home is a big decision, but it also can be incredibly rewarding when done right. Whether you’re fixing up your forever home or adding value before selling, staying informed on renovation trends and potential challenges is key to success. And with the Home Sweet Concierge program from Amy Stockberger Real Estate, you have the guidance, resources and support to make smart decisions at every step — ensuring that your home continues to grow in value and remains a source of pride for life. Looking to renovate and want expert advice, visit Amy Stockberger Real Estate, or give us a call at 605-376-6780.

Unlock your Lifetime Home Support

Perks: Rent VIP items, connect with Home Support Team partners and access our Home Care Concierge, providing expert guidance on maintenance, preventive care and home upgrades — ensuring your investment continues to grow — all in one place.

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