Top Renovation Trends for 2023

Top Renovation Trends for 2023

In a housing market like Summit County, which is predominately made up of investment properties and second homes, making upgrades and continuous renovations is always beneficial to maintaining and increasing your home’s value. Whether you’re considering a whole home transformation or planning to make small upgrades throughout the year, we’ve compiled a list of the top renovation trends you can expect to see sweeping through homes in 2023.

Energy Efficiency

Picture of home with solar panels on the roof and mountains in the background.

Featured property: 887 Gold Run road, Breckenridge | MLS# S1039625

Making energy efficient improvements to your home won’t just pay off when it comes time to sell! Save money on energy bills now by making small but powerful upgrades to your home. One big energy efficient upgrade you can expect to see your neighbors making this year will be the installation of solar panels as we shift more towards solar energy. Additional energy efficient upgrades we can expect to see rise in popularity this year will be the installation of energy efficient appliances, smart HVAC systems, and low-flush toilets.


Statement Lighting

Image of a kitchen and living area with statement lighting

Featured property: 22 meadowlark, breckenridge | MLS# S1039413

Updating your home’s lighting is one of the easiest ways to upgrade a space. As we see modern design continue be the prominent aesthetic in new builds here in Summit County, oversized and statement lighting reign supreme. Over-scaled chandeliers made of a mix of glass and metal and plaster lighting in chalky white add visual interest and drama to minimalist spaces without becoming overpowering.


Industrial-Mix Kitchens

Picture of beautiful kitchen with industrial style finishes

Featured Property: 104 Penn Lode Drive, Breckenridge | MLS# S1039334

Kitchens are one of the highest use rooms in any home, so it makes sense that we’re seeing renovation trends shift towards design aesthetics that are functional and practical. In 2023 we can expect to see more industrial design elements showing up in kitchens, like commercial style faucets and industrial-grade countertops made from materials like stainless steel, concrete, and dark stone.


Bathing Experiences

Image of modern style bathroom with statement tile, a glass shower, and layered lighting

Featured Property: 30 CUCUMBER CREEK ROAD, BRECKENRIDGE | MLS# S1039603

The idea of our home being a sanctuary is far from a passing trend and has only continued expand since 2020. This year expect to see bathrooms take on even more of a role in providing an escape as renovation trends move towards creating bathing experiences. Key design elements will include pops of color in hues inspired by nature, like leafy greens and sapphire blues, statement tiling, contrasting textures, and layered lighting.


The Value of Home Renovations for Sellers

We saw the market start to correct in 2022 following the explosion in demand that took place during the pandemic and continue to correct as we entered 2023. As the market normalizes and inventory levels build back up in Summit County, buyers will be in the position to scrutinize deferred maintenance.

In resort towns like Breckenridge, buyers are especially drawn to properties that are in a condition they can enjoy immediately, without having to spend their vacation time at the home improvement store. In the event you’re competing with other properties for sale, the house that has a higher level of finish is going to be picked first. Now more than ever, making upgrades and renovations could be a determining factor between getting an offer or staying on the market.

Unsure which renovations will be most beneficial as you prepare to list your property? With over 450 years of experience combined, the BARE partners have the knowledge you need. Our brokers can make recommendations that are most relevant to the Summit County market.


Planning Home Renovations for Buyers and Current Homeowners

The Summit County housing market is a unique compared to most other markets around the United States. Whether you’re a first-time buyer in Summit County or have been a longtime legacy homeowner, making consistent upgrades will not only make your property more enjoyable, but will help ensure that when it comes time to sell, you won’t be scrambling to make the necessary updates needed to compete with other properties at the same price point.

The intended use of your property will play a large role in determining what renovations you should prioritize. A property that is going to be rented vigorously is going to require some renovations that may not apply to a property that is only enjoyed by your friends and family. A legacy home is going to benefit from renovations that may not be worthwhile for a rental property. We recommend reaching out to your Breckenridge Associates Real Estate broker for guidance on what types of updates will add the most value to your property.

Posted by Breckenridge Associates Real Estate on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.