6 Home Renovation Trends To Keep An Eye In 2021
Updated: Feb 2, 2021
It's finally 2021, and so it's time to think about your next home improvement project.
With 48% of homeowners currently considering renovating all or part of their homes, we wanted to highlight the top six home renovation trends that you need to keep an eye on in 2021.
Canadians expected to allocate more disposable income on home renovation projects in 2021
According to a recent report published by the Atlas Group, Canadian homeowners are predicted to spend $80B on home refurbishment in 2021, up 23% compared to last year's data.
The experts blame the global pandemic, consumer uncertainty, multiple lockdowns and massive layoffs for causing the market to shrink in 2020.
What were the top home renovation trends in 2020?
Home wellness tech
This includes water and air purification systems or circadian lighting to improve sleep.
Energy efficiency
Energy-efficient products have been trending over the last two decades. Yet, since 2015, according to the International Energy Agency, "improvements in global energy intensity have been weakening each year." So, as never before, energy efficiency will continue to influence product development past through 2021.
Paint
It was another unexpected trend among millennial homeowners. As many migrated their workstations to home, it became necessary to convert the rooms into more cheerful, inspiring and creative spaces.
DIY home renovations.
With the advent of DIY-focused channels on platforms like YouTube and TikTok, many homeowners felt empowered to take on the home renovation projects themselves. Some popular channels include HouseImprovements, HomeAdditionPlus and DIYNetwork.
Climate change.
Last year, it wasn't a surprise when people questioned the product manufacturing's ethical side and whether their purchase contributes to climate change. The viral popularity of a young eco-activist Greta Thunberg and wide media coverage of global ecological disasters made people question their consumption habits.
Is there a theme that will set the direction of trends in 2021?
Homeowners will see multiple themes appearing among the most prominent trends, yet these six will manifest the most:
Warm colours as a symbol of joy, revival and hope.
Conversion of living spaces into home offices
Décor inspired by zen philosophy
Multifunctional furnishings
Smart home tech
#1 Warm colours
Life is too short to be afraid to experiment with ideas and styles, especially after such a gloomy year.
Living through a series of lockdowns in complete separation from the world made people bored with their old living spaces. So the need to repaint their walls, swap furniture or add more natural light has emerged.
As many people believe this year will bring happiness and revival, thereby the colour palettes symbolizing more cheerful, playful and warm emotions will prevail in projects.
As of the official Pantone's 2021 colour pallet, PANTONE 17-5104 Ultimate Gray + PANTONE 13-0647 illuminating are the colours to empower a message of happiness, hope and resilience.
Pantone colour of the year has been influencing the product design in industries like fashion, home furnishings and industrial design for the past 40 years.
Leatrice Eiseman, Executive Director Of The Pantone Colour Institute, says,