The remodeling and renovation industry continues to boom in 2022, fueled by the pandemic and Canadians spending more time at home. These are some of the top updates that homeowners are making this year!
Sustainability: With more intense weather patterns this year – from fires to flooding – many Canadians have environmental issues on their mind. That makes sustainable, eco-friendly products and solutions all the more desirable. That includes solar panels on the roof, energy efficient improvements, repurposed flooring with materials like cork or bamboo, and landscaping that acts as a protective layer against fires and floods.
Home offices: With so many of us working from home for nearly two years, having a home office set up is nothing new. But as workplaces become more flexible with work-from-home options and offer hybrid schedules post-pandemic, having an area that’s permanently focused on productivity is highly desirable.
Outdoor Spaces: There has been a surge in outdoor-focused home renovation projects, driven by a need for additional space and a desire to be outside. Porch, deck and patio improvements are some of the most common renovations, but outdoor kitchens and gardening are also very popular.
New Flooring: Replacing old flooring not only improves the interior design, but it also adds value to your home. Homes with hardwood floors typically sell for 2.5 per cent more than homes with other floor types - which can be an 80 per cent return-on-investment. Popular flooring in 2022 includes smoked wood flooring, bleached woods, reclaimed barn wood tiles and weathered wood.
Health and Wellness: Thanks to the additional time we’re spending at home, renovations that improve a homeowner’s health and wellness are in high demand. That can include dedicate space for home gyms, a new steam room or mega-size bath tub to relax in, increased security and home automation features, or simply a lighter, airier décor with some live greenery to chase away the winter blues.