Americans spend lots of money on home repairs and remodeling. The annual amount is expected to reach nearly $350 billion by 2019, according to Harvard University’s Joint Center for Housing Studies.
“A growing economy and stronger job market are boosting owners’ willingness to invest in home improvements,” says Chris Herbert, the center’s managing director. “Rising home values and increased home equity levels are also encouraging more owners to do larger upgrades and replacement projects.”
Many of those upgrades can add both luxury and value to your home.
1. Technological Marvels
When it comes to technology, there’s no end to the options. More homeowners are adopting more technology to improve safety, efficiency and convenience.
We’re way beyond security cameras and programmable thermostats. We’re talking about everything from doorbells that let you see who’s ringing them to curved TV screens with enhanced pictures to bathtubs that ripple music though the water.
2. Kitchen: Think Like a Chef
The kitchen is a top spot for luxury upgrades. Of course, there are plenty of options for high-end countertops, flooring, cabinetry and lighting.
But there also are other touches that add both form and function to the heart of the home. Some of the top luxury details include warming drawers, wine fridges, restaurant quality appliances and ample storage space.
3. Bathroom Spa
When it comes to luxurious bathrooms, there’s only one word to sum it up — spa. Think of a zen-like retreat that sets a relaxing mood with soothing tones and ambient lighting. Then layer on the luxury with walk-in showers, head-to-toe jets, heated floors, towel warmers and soaking tubs. You could even add a flat screen TV or a fireplace.
4. Master Bedroom Retreat
This important room, where you not only sleep, but also relax and recharge, calls for a large open space for a bed and seating area. Add luxury by carefully selecting a color palette for the walls, windows and bedding. Then add layers of texture combined with personal touches.
Technology can add luxury through automated lighting, security, window coverings and climate control. A separate dressing room, or a closet with high-end details, also boosts the luxury factor.
5. Entertainment Spaces
There are no limits to the ideas for adding luxury to the spaces you use for entertaining. That includes everything from a home theater like in LeBron James’ Los Angeles estate to a wine cellar like in Beyoncé and Jay Z’s Malibu mansion.
You can fulfill the potential of your basement space by incorporating what matters most to you — from an arcade game room to a modern home gym to a pub-style bar.
6. Outdoor Oasis
And don’t forget the outdoors when you’re adding luxury to your home. Treat your yard, deck or patio as an extension of your indoor living space with sumptuous furnishings. You can create a luxurious outside space with a pool, hot tub or outdoor kitchen.
No matter what embodies your idea of luxury, a dream home renovation may be more realistic than you realize. And best of all — if you plan carefully, you’ll boost the value of your home while enjoying your new amenities!
Whenever you’re contemplating buying or selling a home, contact me for a free consultation. I’ve helped plenty of Northern Virginia residents through the process, and I’d be happy to help you, too!
A lifelong resident of Northern Virginia and a top-producing real estate agent, Samantha Bendigo knows buying or selling a home is more than just a transaction — it’s a life-changing experience. Over the course of 14+ years, she has closed 500+ real estate transactions with over $100 million sold. Helping homebuyers and sellers throughout the Northern Virginia region, Samantha specializes in Vienna, McLean, Fairfax, Alexandria, Arlington, Prince William County, Fauquier County and Loudoun County. Email Samantha Bendigo at Virginia Luxury Homes today, or call 703-628-2420 to discover how you can start living in the home of your dreams.