If you’re a homeowner looking to do some home improvement, relevancy is always important. Whether you’re looking to sell or rent a property or just make your living space a little homier, you always want your renovations to be modern. If you’re going to invest time and money into an upgrade, you want it to last and not become outdated in a year or two. Whether you’re a DIY enthusiast or prefer to hire a professional, there are plenty of ways to upgrade your home in the coming year. Here are six of the top trendy and functional home improvements for 2023 from our San Francisco colleagues at Utopia Property Management.
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Bold Wall Colors
Gone are the days of neutral walls. In 2023, homeowners are embracing bold, statement-making hues in their living spaces. Whether it’s a bright accent wall or a full room painted in a rich, deep shade, bold wall colors are the perfect way to add personality to your home. Bold colors are more suitable for a personal home rather than a rental, as you generally want to give tenants a neutral paint option that can match their furniture. This, however, is one of the easiest home upgrades you can make that makes a big difference in the feel of a room. For a DIY project, plan on spending around $50 to $100 on paint and supplies.
Smart Home Technology
Smart home technology has come a long way in recent years, and it’s only getting better. From voice-controlled lighting to smart thermostats, there are now plenty of ways to make your home smarter and more efficient. These types of devices are becoming some of the most popular amenities among rental properties. They can boost the value of your property and are a key selling point during showings and in listings. Many smart home devices can also make your property more eco-friendly or save on utilities.
Depending on the device, integrating smart home technology can be a DIY project, but some projects do require an electrician. Expect to spend anywhere from $500 to $5,000 depending on the scope of the project.
Outdoor Living Spaces
Outdoor spaces have become essential to all of us in the past few years, and 2023 is no exception. Whether it’s a simple patio or a full-blown outdoor kitchen, there are many ways to create a functional and attractive outdoor space.
When designing outdoor living spaces, consider cover, lighting, rugs, and a central focal piece such as a fire pit or dining table. For a DIY patio, plan on spending $1,000 to $3,000, but the cost can rise quickly if you opt for a more elaborate outdoor kitchen.
The Mudroom is Back
Mudrooms have been making a comeback in recent years, and it’s no wonder why. These functional spaces offer a convenient place to store shoes, jackets, umbrellas, and other outdoor gear, making them an essential addition to any home. They also can add essential storage to smaller properties, as they typically feature floor-to-ceiling cabinetry. They can also incorporate sinks or space for laundry machines or water heaters, making for a great all-purpose utility room. From built-in storage solutions to custom cabinetry, there are many ways to design a stylish and functional mudroom. For a DIY mudroom project, plan on spending around $1,000 to $5,000, but the cost can vary greatly depending on the size and complexity of the space.
Multifunctional Furniture
With more people working from home, the need for functional, versatile furniture has never been greater. From Murphy beds to modular sofas, there are many types of furniture that can serve multiple purposes. For a DIY Murphy bed, plan on spending around $500 to $1,000, but the cost can vary greatly depending on the type of furniture you choose.
This concept extends to innovative storage solutions in any room of a home. Renovations that utilize vertical space or optimize a room for multiple purposes are not only cost-effective, but they are more popular now than ever before. For kitchens, consider built-in cabinetry that houses appliances like the microwave or fridge to create a sleek, minimalist look. In bedrooms and living rooms, think about how storage can be incorporated into the existing furniture. Even something as simple as shelving placed behind the couch or built into the bed frame can modernize a room and offer utility. There are also unique solutions for collapsible staircases if you’re ready for a more intensive remodel.
