SCARSDALE, NY — With mortgage rates at 23-year highs, “it’s no surprise that many homeowners are choosing to stay put, optimize square footage and add onto their existing homes in 2024,” with sustainability and AI-driven home technology advances among the leading home trends.
That is the key conclusion of the annual home design and building predictions trend report issued by The Plan Collection, a leading online supplier of home design plans.
“For both new construction and renovations inquiries have been climbing, and we predict that will continue in 2024 as more homeowners are reassessing their current space or unable to find an existing home to purchase,” said Laurel Vernazza of the Scarsdale, NY-based The Plan Collection.
Among the top 2024 trends identified by the online resource are the following:
- Smart Homes Get Smarter with AI: Remote access and the “Internet of Things” (IoT) will evolve into an AI-powered home automation system using tools like ChatGPT to make homes even smarter. Heating and cooling, electricity, and security systems “will all have a mind of their own,” while increased automation will also further reduce energy use.
- Sustainability and Locally Sourced Materials: Consumers will continue to make more sustainable decisions and support local businesses, with the carbon footprint of purchased home renovation and construction materials especially influential among Millennials and Gen Z.
- Triangle Kitchen Design Comeback: For homeowners opting to renovate in 2024, kitchen design will be less about excessive island size and more about floor plan efficiency. “While not a new concept, the kitchen triangle design is making a comeback since it maximizes productivity, comfort and safety,” The Plan Collection said. “Practical kitchen islands incorporated with the triangle design will be optimized for seating and prep work rather than as an oversized visual statement,” the company added.
- Optimizing Existing Outdoor Space: For homeowners needing more space and unable to move, remodeling existing square footage indoors and outdoors is more cost-effective than adding on to a home. One new trend is the addition of a backyard pickleball court. For homeowners looking to expand outdoor living with limited footprint options, architects and designers are going up in 2024 to create new, raised outdoor spaces such as a second-floor deck, balcony or rooftop lounge.
- Accessory Dwelling Units (ADUs): Given moving restraints, 2024 will see increased ADU home additions, including guest houses, garage apartments, granny flats, casitas, backyard bungalows or carriage houses. Designed with a bath and kitchenette, ADUs were traditionally built for additional family and guest housing. Recent zoning approvals allow the space to be used as rentable square footage.