Upgrade Your Home With These 2024 Design Trends

One of the best parts of owning a home is the freedom to make it truly your own with design choices that reflect your personality and lifestyle. Whether you lean toward contemporary design or a farmhouse aesthetic, your home is your canvas.

Even so, it’s always smart to think about the long-term impact those decisions might have on your home’s value. Choosing over-personalized or unpopular materials and finishes could make your home less appealing to future buyers. And selecting out-of-style or overly-trendy elements could cause your home to feel dated quickly.

To help inspire your design choices, we’ve rounded up some of the top trends we’re watching in 2024. Keep in mind, not all of these will work well in every house. If you plan to list or renovate your property, give us a call. We can help you realize your vision and maximize the impact of your investment.

 

      1. Spa-Like Bathrooms

We could all use a little more relaxation in our lives—so why not bring the spa into your home? In 2024, more homeowners will remodel their bathrooms to turn them into personal oases.1,2

If you’re undertaking a renovation, consider upgrading fixtures and materials. Handmade tile and custom cabinetry can add a touch of style and luxury. Trade stark whites for warm neutrals to create a more relaxed feel—think light wood tones, creams, and beiges.3 Complete the look with soft ambient lighting from a backlit mirror or pair of decorative sconces.2,3

If you want to maximize the mind-body benefits of a relaxing bathroom (and have the budget to spare), you might consider installing a steam shower, infrared sauna, or cold plunge tub.3 Not looking to spend as much? Even minor upgrades like a massaging showerhead or heated towel bar can add some pampering to your morning routine.3

But remember, if you’re modifying your bathroom, it’s always wise to work with experienced and licensed professionals to avoid water damage that could lead to costly repairs. We can refer you to a trusted contractor for help.

 

 

      2. Maximalist Decor

In 2024, maximalism is back in vogue, contrasting the neutral aesthetic that dominated design in recent years. While maximalism can be summed up as “more is more,” there’s nothing sloppy or cluttered about this look. Instead, it’s all about intentional curation.4

Hallmarks of maximalist style include rich and saturated colors, bold wallpaper, statement rugs and furniture, and lots of art. And forget matching—maximalist interiors often include plenty of contrasting colors, textures, and patterns selected to complement one another.4

If you’re trying to embrace maximalism on a budget, check out thrift stores. They’re often a great place to find unique furniture, colorful rugs, and interesting art or collectibles. Before you invest in rolls of vintage wallpaper, though, it’s important to note—if you plan to sell your home in the near future, the maximalist look won’t appeal to every buyer.

We typically advise sellers to remove clutter and personal items to help buyers imagine their own future lives within the home. Sometimes, that means repainting or redecorating in a more neutral palette. Of course, this shouldn’t stop you from embracing your own style now—just be aware that you may need to walk back your aesthetic prior to selling. We can advise you when the time comes.

 

 

      3. Japandi Style

Not quite ready to embrace maximalism? Japandi style, which blends Japanese and Scandinavian influences, offers a more subdued approach that still has plenty of character. The look dates back about 150 years to a time when many Scandinavian designers were traveling to Japan for inspiration.5

Japandi style brings together clean lines, simplicity, and a focus on natural elements and light. It emphasizes the beauty in imperfection, or “wabi sabi,” and a deep connection to Mother Earth. And like Scandinavian decor, the look prioritizes comfort and a sense of sanctuary in the home.5

Interested in playing with Japandi? Common features include calming color palettes and organic materials like raw wood and bamboo. Try softening harsh edges with softer textures, like cozy blankets and ceramic pieces.

The look also minimizes clutter, but that doesn’t mean you need to be a minimalist. Instead, Japandi style embraces storage solutions like baskets, folding screens, and sofas with built-in storage to give everything a place.6 If you’d like some help implementing Japandi-style organization in your home, contact us for a list of recommended professionals.

 

 

      4. Mixed Metals

Mixing metals used to be a “no-no.” But in 2024, it’s definitely a “yes.”

According to designers, mixing the colors and finishes of metal fixtures and hardware can bring visual interest to a room—as long as you go about it the right way.1,7

The most important rule to keep in mind is to stay away from near matches, like brass and gold—that’s more likely to look accidental than intentional. Instead, go for bold contrast: Think polished nickel and matte black.7

Some designers recommend using each metal at least twice in a room to make it look cohesive. Another good rule of thumb is to stick to two types of metals in a small room and two to three in a larger space.7

Finally, you might think about playing with undertones (brass is warm, chrome is cool) to change the “temperature” of a room. And don’t be afraid of a little shine—many designers predict that a retro, high-polished look will replace matte finishes in 2024.8

Want some help sourcing fixtures and hardware in a variety of finishes? Reach out for a list of our favorite retailers.

 

 

      5. Wood Cabinetry And Accents

The all-white kitchen has been ubiquitous in recent years. But in 2024, classic wood cabinetry is back in a big way.9 In fact, industry professionals surveyed by the National Kitchen & Bath Association predict that wood cabinets will be more popular than white in the next three years.10

Natural wood tones offer a sense of warmth and natural beauty.11 And today’s cabinets aren’t anything like the heavy, dated versions of the past. Instead, light to medium versions—like white oak and walnut—and warmer undertones are trending.9

The addition of wood-grain accents to painted kitchen cabinets—like with a contrasting island or range hood—is another popular option.12 And wood continues to be a favored choice for flooring. A recent survey found that 40% of homeowners opted for either hardwood or engineered wood when renovating their kitchen floors.13

You can also expect to see more wood in bathrooms in 2024. According to Houzz, last year, wood vanities surpassed white in popularity for the first time in recent years, and designers expect the trend to continue.12 While white countertops and walls still dominate bathrooms, a wood-grained vanity brings a relaxed, organic element into the space.

Dreaming about new cabinets or hardwood floors? We’d be happy to share a list of recommended trade professionals who can help.

 

 

      6. Timeless Renovations

In its latest Kitchen Trends Study, Houzz found that “nearly half of homeowners (47%) opt for a timeless design as a sustainable choice during renovations.” Respondents cited long-term cost effectiveness and environmental consciousness as their main motivators.14

In a rapidly changing, technology-driven world, it’s no surprise that homeowners want a nurturing space with lasting appeal—especially if they plan to stay in their homes for years to come.12

Traditional materials and quality craftsmanship lie at the core of timeless design, which some designers are calling “quiet luxury.”15 Think of enduring classics, like hardwood floors, hand-crafted tiles, and marble countertops.12 A timeless color palette will also often include warm neutrals and muted shades of blue and green.15

If you’re thinking about remodeling, it’s wise to incorporate as many classic elements as you can. These stylistic choices tend to hold up well over time, which can prolong the life of your investment and make it easier to sell your home down the road. If you’d like advice on an upcoming project, contact us for a free consultation.

 

 

BEAUTIFY YOUR HOME WHILE BOOSTING ITS VALUE

If you’re thinking about making design changes—whether that’s repainting or a full remodel—it’s important to be informed about how your choices could impact your home’s resale potential. Buyer preferences can vary significantly based on your home’s neighborhood and price point. Before you begin your project, reach out to discuss your plans and how they could impact the value of your home.

 

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

  1. HGTV –
    https://www.hgtv.com/design/decorating/design-101/2024-home-and-garden-design-trends
  2. The Spruce –
    https://www.thespruce.com/2024-design-trends-8411457 
  3. The Spruce –
    https://www.thespruce.com/2024-bathroom-design-trends-8380169 
  4. Homes and Gardens –
    https://www.homesandgardens.com/interior-design/maximalist-decor-ideas 
  5. The Spruce –
    https://www.thespruce.com/japandi-design-4782478 
  6. House Beautiful –
    https://www.housebeautiful.com/room-decorating/a45851530/japandi-interior-design-style/ 
  7. The Spruce –
    https://www.thespruce.com/4-rules-designers-say-you-should-follow-or-ignore-when-mixing-metals-in-a-room-5199031 
  8. The Spruce –
    https://www.thespruce.com/2024-lighting-trends-8365056 
  9. Good Housekeeping –
    https://www.goodhousekeeping.com/home/decorating-ideas/a45576463/wood-kitchen-cabinet-trend-2023/ 
  10. Better Homes and Gardens –
    https://www.bhg.com/2024-kitchen-trends-840656
  11. Real Simple –
    https://www.realsimple.com/2024-kitchen-cabinet-trends-masterbrand-7974600 
  12. Houzz –
    https://www.houzz.com/magazine/28-home-design-trends-that-will-define-2024-stsetivw-vs~172317389 
  13. Houzz –
    https://www.houzz.com/magazine/10-kitchen-trends-to-watch-in-layouts-features-and-more-stsetivw-vs~165050822 
  14. Houzz –
    https://www.houzz.com/magazine/2023-u-s-houzz-kitchen-trends-study-stsetivw-vs~164970160
  15. Better Homes and Gardens –
    https://www.bhg.com/quiet-luxury-home-trend-7554026

Are More Homeowners Selling as Mortgage Rates Come Down?

Real Estate Forecast: For Home Buyers and Sellers in 2024

Your 5-Step Strategy for Smart Downsizing

In the vibrant Miami real estate market, downsizing doesn’t mean downgrading. Whether you’re adjusting to a new life stage, managing a property post-divorce, or seeking the simplicity of a low-maintenance lifestyle as you age, Miami offers a variety of smaller homes and condos that could better fit your evolving needs.

Embracing the Upside of Downsizing in Miami

  1. Set Your Vision and Understand Constraints Kick-off your Miami downsizing journey by defining what you want in your new abode. Is being near Miami’s sun-kissed beaches a must? Do you crave a hassle-free condo lifestyle with luxury amenities? Or perhaps a cozy bungalow in a peaceful, walkable neighborhood? Consider your mobility needs and healthcare accessibility, especially if you’re navigating life changes such as divorce or retirement.
  2. Discover Your Ideal Miami Sanctuary Armed with your wishlist, it’s time to explore Miami’s real estate landscape. Our expertise spans from the heart of downtown to serene gated communities, ensuring you find a space that resonates with your desires. We can connect you to exclusive listings, from modern apartments to charming townhomes, ensuring a match that reflects your taste and necessities.
  3. Strategically Market Your Current Property As you contemplate your move, we’ll craft a personalized plan to market your current property. Our approach intertwines comprehensive market analysis, strategic pricing, and a dynamic advertising campaign across digital platforms and local networks, enhancing visibility to potential buyers.
  4. Declutter with Purpose Simplify your transition by sorting through your belongings well in advance. Embrace the Miami lifestyle by choosing decor that complements your new, easy-to-maintain space. We can provide resources to help you sell, donate, or pass on items, ensuring your move is as streamlined as your new home.
  5. Leverage Professional Assistance Downsizing can be daunting, but you’re not alone. Whether it’s professional organizers or a specialized senior move manager, there’s a network ready to support you. If finances are a concern, we’ll discuss leveraging your home’s equity to facilitate a smooth transition.

Is Your Current Residence Holding You Back? If you’re contemplating a lifestyle that aligns more closely with your current needs, let’s connect. We’re dedicated to guiding you through the Miami real estate market to a home that promises more freedom, more joy, and a perfect fit for your next chapter. Contact us for a personalized consultation and discover the full potential of downsizing in Miami.

Is a Crash Coming in the Housing Market?

No, most industry experts do not think the market will crash. Housing economists point to five main reasons that the market will not crash anytime soon: 1) low inventory, 2) lack of new- construction housing, 3) large amounts of new buyers, 4) strict lending standards and 5) fewer foreclosures. Here more details on each 5 points.

I.- Inventories are still very low: The National Association of Realtors says there was a 3.3-month supply of homes for sale in July. Back in early 2022, that figure was a tiny 1.7- month supply. This ongoing lack of inventory explains why many buyers still little choice have but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.

II.- Builders didn’t build quickly enough to meet demand: Homebuilders pulled way back after the last crash, and they never fully ramped up to pre-2007 levels. Now, there’s no way for them to buy land and win regulatory approvals quickly enough to quench demand. While they are building as much as they can, a repeat of the overbuilding of 15 years ago looks unlikely. “The fundamental reason for the run-up in price is heightened demand and a lack of supply,” says Greg McBride, CFA, Bankrate’s chief financial analyst. “As builders bring more available homes to market, more homeowners decide to sell and prospective buyers get priced out of the market, supply and demand can come back into balance. It won’t happen overnight.”

III.-Demographic trends are creating new buyers: There’s strong demand for homes on many fronts. Many Americans who already owned homes decided during the pandemic that they needed bigger places, especially with the rise of working from home. Millennials are a huge group and in their prime buying years. And Hispanics are a growing demographic also keen on homeownership.

IV.- Lending standards remain strict: In 2007, “liar loans,” in which borrowers didn’t need to document their income, were common. Lenders offered mortgages to just about anyone, regardless of credit history or down payment size. Today, lenders impose tough standards on borrowers — and those who are getting a mortgage overwhelmingly have excellent credit. The median credit score for mortgage borrowers in the the second quarter of 2023 was a high 769, the Federal Reserve Bank of New York says. “If lending standards loosen and we go back to the wild, wild west days of 2004-2006, then that is a whole different animal,” says McBride. “If we start to see prices being bid up by the artificial buying power of loose lending standards, that’s when we worry about a crash.”

V.- Foreclosure activity is muted: In the years after the housing crash, millions of foreclosures flooded the housing market, depressing prices. That’s not the case now. Most homeowners have a comfortable equity cushion in their homes. Lenders weren’t filing default notices during the height of the pandemic, pushing foreclosures to record lows in 2020. And while there has been an uptick in foreclosures since then, it’s nothing like it was.

All of that adds up to a consensus: Yes, home prices are still pushing the bounds of affordability. But no, this boom shouldn’t end in bust.

In closing, remember that informed decisions are the foundation of successful real estate investments. We’re here to provide the knowledge and insights you need.

Feel free to reach out with any questions or concerns.

Ilonka Castillo

Broker Associate | The Keyes Company

ilonkacastillo@keyes.com | 305.979.7650

What’s Driving Your Desire to SELL Right Now?

If you’re contemplating the sale of your home at this moment, it’s likely due to a significant change in your life. While factors like mortgage rates do influence your decision, it’s important not to let them overshadow the primary reasons for your contemplated move.

Indeed, current mortgage rates are on the higher side, which can impact affordability. Consequently, some homeowners are delaying their selling plans to avoid acquiring a new home with a higher mortgage rate.

However, it’s crucial to acknowledge the importance of your evolving lifestyle and changing needs. As a recent Realtor.com article aptly points out:

«Regardless of what direction interest rates and home prices take, there are occasions when homeowners must relocate due to factors such as a new job, a growing family, divorce, bereavement, or other significant life changes.»

Here are several common motivators for people who are choosing to sell their homes today. You may discover that one of these resonates with you and provides sufficient impetus to make a move, even right now:

1. Relocation: Various circumstances may lead to a desire to move to a new area, such as a job change, a wish to be closer to friends and family, a dream of living in your preferred location, or a simple desire for a change of scenery. For instance, if you’ve recently secured your dream job in another state, you might be contemplating the sale of your current home to facilitate your move.

2. Upgrading: Many homeowners decide to sell in order to transition into a larger home. This is especially common when there’s a need for more space for entertaining, a home office or gym, or additional bedrooms to accommodate a growing family. For example, if you’re residing in a condominium and your family is expanding, it might be time to search for a more spacious home that aligns with your evolving needs.

3. Downsizing: Homeowners may also opt to sell when there’s more space than needed due to a recent departure of a family member, retirement, or a desire for a more manageable living situation. For instance, if you’ve recently retired and are looking for a change, you may be considering a smaller home that’s better suited to your new lifestyle.

4. Change in Relationship Status: Divorce, separation, or marriage can be compelling reasons for individuals to sell their homes. For instance, if you’ve recently gone through a separation, it might be more practical to sell the property and find a place of your own.

5. Health Concerns: When homeowners face mobility challenges or health issues necessitating specific living arrangements or modifications, they may opt to sell their current house in favor of a more suitable alternative. For example, you might be exploring the sale of your house to finance a move to an assisted-living facility.

Despite the challenges posed by higher mortgage rates and increasing property prices, it’s important to remember that your unique needs and lifestyle hold significant weight. As a recent Bankrate article underscores:

«The decision to sell your home is a highly personal one. There are numerous crucial considerations, both financial and lifestyle-oriented, to ponder before listing your property… Your future plans and aspirations should be integral components of this decision-making process.»

In Conclusion:

If you’re considering the sale of your home to find one that better aligns with your evolving needs, don’t hesitate to reach out. By doing so, you’ll have a knowledgeable guide to assist you throughout the process and aid you in locating a home that truly suits your requirements.

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