In the ever-evolving world of real estate, fix and flip investors must navigate fluctuating markets, interest rates, regulatory requirements, and more. To stay ahead and profitable, investors must tap into the pulse of homebuyers and understand what design features and amenities consumers want and don’t want.
In the blink of an eye, yesteryear home design trends go out of style. Real estate savants looking to spruce up property appeal and value understand the importance of keeping a close eye on the latest and most fashionable house flipping design ideas. This also means keeping up with decorating trends that are out.
Here are the hottest interior design trends of 2024:
Green Living
Going green has gone from a movement to a lifestyle. In 2024, eco-conscious homebuyers want to bring the outside in. What does this mean? A heightened desire for biophilic elements, sustainable materials, and natural living designs and amenities.
Biophilic elements: Investors should create colorful interiors with earthy color-toned furniture and linens, potted plants, and textured earthy designs. Water bodies like indoor salt pools and exotic fountains have become extremely popular over the last year. Finally, today’s consumers are moving away from synthetic wood designs and, instead, are looking for natural wood in home decor.
Sustainable Materials: Incorporate eco-friendly home improvements to attract buyers. Implementing solar panels, tankless water heaters, and efficient doors and windows will skyrocket property values in today’s market. If you lack the funding, less costly green renovations like the addition of Energy Star appliances and LED lighting can be a quick win to draw appeal.
Natural Living: Help homeowners utilize natural lighting by creating open concepts with bare windows. Living walls and the addition of skylights can also bring nature in and draw buyers’ eyes.
New Color Trends in 2024
Updating paint colors is a popular renovation hack to skyrocket a property’s resale value due to its DIY potential and relatively low costs. While neutral colors like white and off-white remain the go-to colors for resale investors, Zillow’s 2023 paint color analysis paints a slightly darker perspective.
Colors to Use
Dark grays in commonplaces and private rooms continue to entice homebuyers in 2024 and are frequently associated with higher offer prices. Aligning with green living interior design trends, charcoal gray has become a popular color choice around the kitchen. In fact, kitchens with charcoal graygrey can sell for an estimated $2,512 more than similar homes.
Similarly, current interior design trends in the living room call for dark grays. Darker grays like Iron Ore in the living room can increase offers by as much as $1,755 and $1,859 when used in the bedrooms.
As for the bathroom, consumers want other earthy tones, like terra-cotta brown. Bringing a more earthy vibe to the bathroom has helped properties sell for $1,624 more than similar homes.
Colors to Avoid
It’s important to note that not all grays are created equal and that too much of a good thing can be a bad thing. The misuse of mid-tone grays have shown to decrease a property’s asking price, while the overuse of gray on the interior can deflate both the spirit of a home and its potential buyers.
For fix and flip investors, it’s crucial to remember that homebuyers must envision their furniture and decor in a room. Highly personal hues and other brighter eccentric colors may be fun but always have the potential to deter buyers.
Smart Home Technology
For investors flipping in today’s digital age, Smart home technology in real estate is nothing new–but it’s still a very relevant interior design trend! Smart home technology lets homeowners control various aspects of their home from their smartphone.
Smart home technology allows homebuyers to:
- Optimize energy usage
- Improve security
- Enhance overall comfort
- Save on utility bills
Most importantly, Smart home technology attracts today’s consumers. Investors should look to implement popular Smart software, including Smart thermostats, Smart lighting systems, security cameras, automated window treatments, and Smart water systems.
Home Office and Wellness-Centric Rooms
While some have returned to in-office work, many professionals continue to work remotely post-pandemic. The home office remains a permanent fixture in homes, and homebuyers and renters look for properties with additional room for work.
Adding the latest home office design trends and amenities is a unique and fun way to make your property stand out to potential buyers. The use of ergonomic furniture, soundproof walls, and stylish and inspiring art make a workspace more functional, inspiring and sought after.
Remote working has also paved the way for luxury wellness-centric rooms and amenity trends in 2024. The addition of finished home gyms in high-end homes has seen a significant uptick. Additionally, many consumers are looking to convert basements and garages into home gyms.
With adequate capital, savvy investors can skyrocket resale values and incorporate luxury wellness-centric rooms that include:
- Floor-to-ceiling mirrors
- Professional weight training mats
- Popular gym amenities (dumbbells, barbells, rowers, machines, etc.)
Fix and flip investors lacking financing for higher ROI projects should look to turn extra rooms into yoga spaces through the addition of yoga mats, plants and biophilic elements, and spiritual designs.
Applying Today’s Interior Design Trends with the Right Capital Partner
For real estate investors looking to bring fashionability and the latest home design trends to their properties but lack the necessary funding, CIVIC’s Fix and Flip Financing can help bridge the gap.
We are the most reliable fix and flip funding source to purchase and renovate properties with the most sought-after interior design trends of 2024.
Our fix and flip terms include:
- Short-term loan option for home purchase, rehabs, and resale
- Up to 100% of rehab budget financing
- Up to 90% LTC
- Up to 75% ARLTV
- No prepayment penalties
CIVIC’s fix and flip financing provides the agility, knowledge, and capital necessary to keep up with the latest home design trends influencing the consumer market.
Ready to elevate your property’s value with CIVIC? CLICK HERE to get started today.
