What You Can Expect from the Spring Housing Market

 

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune.

Here’s a look at what experts say you can expect this spring.

 

1. Mortgage Rates Will Climb

Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie Mac says:

 

“The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the year.”

 

If you’re a first-time buyer or a seller thinking of moving to a home that better fits your needs, realize that waiting will likely mean you’ll pay a higher mortgage rate on your purchase. And that higher rate drives up your monthly payment and can really add up over the life of your loan.

 

2. Housing Inventory Will Increase

There may be some relief coming for buyers searching for a home to purchase. Realtor.com recently reported that the number of newly listed homes has grown for each of the last two months. Also, the National Association of Realtors (NAR) just announced the months’ supply of inventory increased for the first time in eight months. The inventory of existing homes usually grows every spring, and it seems, based on recent activity, the next 90 days could bring more listings to the market.

 

If you’re a buyer who has been frustrated with the limited supply of homes available for sale, it looks like you could find some relief this spring. However, be prepared to act quickly if you find the right home.

 

If you’re a seller, listing now instead of waiting for this additional competition to hit the market makes sense. Your leverage in any negotiation during the sale will be impacted as additional homes come to market.

 

3. Home Prices Will Rise

Prices are always determined by supply and demand. Though the number of homes entering the market is increasing, buyer demand remains very strong. As realtor.com explains in their most recent Housing Report:

 

“During the final two weeks of the month, more new sellers entered the market than during the same time last year. . . . However, with 5.8 million new homes missing from the market and millions of millennials at first-time buying ages, housing supply faces a long road to catching up with demand.”

 

What does that mean for you? With the demand for housing still outpacing supply, home prices will continue to appreciate. Many experts believe the level of appreciation will decelerate from the high double-digit levels we’ve seen over the last two years. That means prices will continue to climb, just at a more moderate pace. Most experts are predicting home prices will not depreciate.

 

 

Won’t Increasing Mortgage Rates Cause Home Prices To Fall?

While some people may believe a 1% increase in mortgage rates will impact demand so dramatically that home prices will have to fall, experts say otherwise. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, says:

 

“What I will caution against is making the inference that interest rates have a direct impact on house prices. That is not true.”

 

Freddie Mac studied the impact that mortgage rates increasing by at least 1% has had on home prices in the past. Here are the results of that study:

 

As the chart shows, mortgage rates jumped by at least 1% six times in the last thirty years. In each case, home values increased.

So again, if you’re a first-time buyer or a repeat buyer, waiting to buy likely means you’ll pay more for a home later in the year (as compared to its current value).

 

Bottom Line

There are three things that seem certain going into the spring housing market:

1. Mortgage rates will continue to rise
2. The selection of homes available for sale will modestly improve
3. Home prices will continue to appreciate, just at a slightly slower pace

 

If you’re thinking of buying, act now before mortgage rates and home prices increase further. If you’re thinking of selling, your best bet may be to sell soon so you can beat the increase in competition that’s about to come to market.

Key Terms for Homebuyers

 In today's crazy real estate world, there is a lot of information to keep straight. This handy guide explains some of the key terms that a first time home buyer should be familiar with as they head into market.  

If you are looking for your first home, let us help you navigate the process get you into your new home! Give us a call at 952.470.2575 or email at Info@StaffordFamilyRealtors.com. 

This Spring Presents Sellers with a Golden Opportunity

If you’re thinking of selling your house this year, timing is crucial. After all, you’ll want to balance getting the most out of the sale of your current home and making the best investment when you buy your next one.

If that’s the case, you should know – you may be able to get the best of both worlds today. Here are four reasons why this spring may be your golden window of

opportunity.

1. The Number of Homes on the Market Is Still Low

Today’s limited supply of houses for sale is putting sellers in the driver’s seat. There are far more buyers in the market today than there are homes available. That means purchasers are eagerly waiting for your house.

Listing your house now makes it the center of attention. And if you work with a real estate professional to price your house correctly, you can expect it to sell quickly and likely get multiple strong offers this season.

 

2. Your Equity Is Growing in Record Amounts

According to the most recent Homeowner Equity Insight report from CoreLogic, homeowners are sitting on record amounts of equity thanks to recent home price appreciation. The report finds that the average homeowner has gained $55,300 in equity over the past year.

 

That much equity can open doors for you to make a move. If you’ve been holding off on selling because you’re worried about how rising prices will impact your next home search, rest assured your equity can help fuel your move. It may be just what you need to cover a large portion – if not all – of the down payment on your next home.

 

3. Mortgage Rates Are Increasing

While it’s true mortgage rates have already been climbing this year, current mortgage rates are still below what they’ve been in recent decades. In the 2000s, the average mortgage rate was 6.27%. In the 1990s, the average rate was 8.12%.

For context, the current average 30-year fixed mortgage rate, according to Freddie Mac, is 3.85%. And while recent global uncertainty caused rates to dip slightly in the near-term, experts project rates will rise in the months ahead. Doug Duncan, Senior Vice President and Chief Economist at Fannie Mae, says:

 

“For homebuyers, we believe that borrowing costs will likely rise with the increase in mortgage rates….”

 

When that happens, it’ll cost you more to purchase your next home. That’s why it’s important to act now if you’re ready to sell. Work with a trusted advisor to kickstart the process so you can take key steps to making your next purchase before rates climb further.

 

4. Home Prices Are Climbing Too

Home prices have been skyrocketing in recent years because of the imbalance of supply and demand. And as long as that imbalance continues, so will the rise in home values.

What does that mean for you? If you’re selling so you can move into the home of your dreams or downsize into something that better suits your current needs, you have an opportunity to get ahead of the curve by leveraging your growing equity and purchasing your next home before prices climb higher.

 

And, once you make your purchase, you can find peace of mind in knowing ongoing home price appreciation is growing the value of your new investment.

 

Bottom Line

If you want to be successful when you sell and when you buy, this spring could be your golden opportunity. Let’s connect so you have the insights you need to take advantage of today’s incredible sellers’ market. Give us a call at 952-470-2575!

Expert Insights on the 2022 Housing Market

 

 

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022.

Odeta Kushi, Deputy Chief Economist, First American:

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.”

 

Danielle Hale, Chief Economist, realtor.com:

“Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. And with more than 45 million millennials within the prime first-time buying ages of 26-35 heading into 2022, we expect the market to remain competitive.”

 

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“With more housing inventory to hit the market, the intense multiple offers will start to ease. Home prices will continue to rise but at a slower pace.”

 

George Ratiu, Manager of Economic Research, realtor.com:

“We also expect a growing number of homeowners to bring properties to market, taking some pressure off high prices and offering buyers more options.”

 

Mark Fleming, Chief Economist, First American:

“Strong demographic demand will continue to act as the wind in the housing market’s sails.”

 

What Does This Mean for Buyers?

Hope is on the horizon for 2022. You should see your options grow as more homes are listed and some of the peak intensity of buyer competition starts to ease. Just remember, rising rates and prices are a great motivator for you to find the home of your dreams sooner rather than later so you can buy while today’s affordability is still in your favor.

 

What Does This Mean for Sellers?

Make no mistake – this sellers’ market will remain in 2022 as home prices are projected to continue climbing, just at a more moderate pace. Selling your house while buyer demand is so high will truly put you in the driver’s seat. But don’t wait too long. With more listings projected to become available, your ideal window of opportunity to stand out from the crowd won’t last forever. Work with an agent who knows your local market and current inventory conditions to ensure you have the support you need to make an educated and informed decision about selling in the coming year.

 

Bottom Line

If you’re thinking of buying or selling, 2022 may be your year. Let’s connect to discuss your goals and the unique opportunities you have in today’s housing market.

Want Top Dollar for Your House? Now’s the Time To List It

 

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list.

 

1. Demand Is Very Strong This Winter

A recent article in Inman News explains:

 

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . ‘Home shopping season appears to already be in full swing!’”

 

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

 

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there’s a strong demand for that item. That time is now.

 

2. Housing Supply Is Extremely Low

Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we’ve seen in any January since 2017.

 

And don’t forget, the best time to sell an item is when there’s a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

 

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

 

NAR also reports available listings by calculating the current months’ supply of inventory. They explain:

 

“Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”

 

The current 1.8-months’ supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):

 

The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

 

Bottom Line

If you agree the best time to sell anything is when demand is high and supply is low, let’s connect to begin discussing the process of listing your house today.

What Every Seller Needs To Know About Renovating This Year

If you’re planning to sell this year, you’re probably thinking about what you’ll need to do to get your house ready to appeal to the most buyers. It’s crucial to work with a trusted real estate professional who knows your local market to get your home ready to sell. But there are a few things you should consider when deciding what to renovate and update before listing this season. Here are three things to keep top of mind as you’re making your list of projects to tackle this year.

1. The Number of Homes for Sale Is Very Low

Housing inventory sits far below what is normally considered a balanced market. In fact, according to the National Association of Realtors (NAR), the latest data indicates inventory is hitting an all-time low. Because there’s such a limited supply of homes available for sale, you’re in a unique position when you sell your house to benefit from multiple offers and a quick process.

But you want to do so while buyers are still scooping homes up as fast as they’re being listed. Spending time and money on renovations before you sell could mean you’ll miss your key window of opportunity. Of course, certain repairs may be important or even necessary. The best way to determine where to spend your time – and your money – is to work with a real estate advisor to confirm which improvements are truly needed and which ones aren’t likely to be deal-breakers for buyers.

2. Buyers May Be Willing To Take on Projects When They Purchase Your House

Today, many buyers are more willing to take on home improvement projects themselves to get the house they’re after, even if it means putting in a little extra work. A recent survey from Freddie Mac finds that:

“. . . nearly two-in-five potential homebuyers would consider purchasing a home requiring renovations.” 

If more buyers are willing to tackle repairs on their own, it may be wise to let the future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific taste and lifestyle. Depending on the structural condition of your house, your efforts may be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior to make sure the home stands out. Instead of over-investing in upgrades, the buyer may change anyway, work with a real estate professional to determine the key projects to tackle that will give you the greatest return on your investment.

3. Your Agent Will Help You Spotlight the Upgrades You’ve Made

Over the past year, many people made a significant number of updates to their homes. The most recent State of Home Spending report finds:

“Home improvement spending rose 25% year-over-year to $10,341. Homeowners who invested in home improvement did an average of 3.7 projects, up from 2.7 in 2020, . . .”

With more homeowners taking on more projects in the past 12 months, there’s a good chance you’ve already made updates to your home that could appeal to buyers. If that’s the case, your real estate advisor will find ways to highlight those upgrades in your listing.

The same is true for any projects you invest in moving forward. No matter what, before you renovate, contact a local real estate professional for expert advice on what work needs to be done and how to make it as appealing as possible to future buyers. Every home is different, so a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.

Bottom Line

In a sellers’ market like today’s, it’s important to spend your time and money wisely when you’re getting ready to move. Let’s connect today so you can find out where to target your efforts before you list. We are here to help! 

Let It Shine

Here are a few ways to think creatively about indoor lighting to liven up your home during the long winter ahead.

GUSTAVO GONZALEZNOV 3, 2020

With shorter days and more hours of darkness in autumn and winter, turn to the power of indoor lighting as a solution – never underestimate its brilliance. Clever lighting can transform the look and feel of your home with the flip of a switch. While natural sunlight streaming inside is ideal, sometimes the clouds rain on our sunshine parade. When that happens, rely on a variety of lighting sources to brighten things up. You’ll notice, it’s not a one-bulb-fits-all sort of situation.

General lighting is the workhorse of illumination. For the most part, it’s utilitarian in nature but an essential and practical starting point. It brings uniformity and functionality to a room. This is a direct form of light, typically found from a ceiling pendant or chandelier and increases in versatility with the addition of a dimmer control.

Ambient lighting works alongside general lighting but is more indirect, more intriguing and fools the eye with magical illusion. It helps soften harsh shadows and brings major impact through light sources such as wall sconces, voluminous upturned torchieres and hidden coffered ceiling lights.

Mood lighting comes on soft, but its subtle effects make a bold statement. Never glaring or harsh, it brightens otherwise shadowy corners and makes unexpected appearances in ways like hanging, amber-lit Moravian stars. It lends high-style and a certain je ne sais quoi. For an exceptional interior ambience, you must include mood lighting, darling.

Task lighting puts a lot of voltage into getting the job done and doesn’t need to look like its hard at work. Whether it’s a sleek chrome arm lamp over a desk, hidden under-counter kitchen lights or spot-on overhead pendants, task lights should always be offset by companion lighting to soften the contrast of their high-intensity brightness.

Accent lighting is the drama queen of the bunch. It takes centerstage and spotlights key artwork or decorative elements and draws the eye in. It works harder to steal the show than mood lighting, so it requires brighter light at the point of interest.

Treat lighting as an art element. Let it conjure atmosphere and breathe life into an otherwise uninspired room. Try uplighting and lowlighting, spotlighting and strategic lighting. Whichever way you turn up the wattage on the illuminating possibilities in your home, enjoy basking in the power of beautiful light.

—–

Guest Post written by Tracy Ellison.

Tracy Ellison is a creative content writer for The Studio, providing insightful information and ideas to enhance the art of living, with a background as an advertising photo stylist, designer, artist and copywriter.

Originally posted on Coldwell Banker Blue Matter Blog

Shake Up Your Turkey-Feather Festivities

Simple ways to surprise your guests with unique touches you bring to your food and table this Thanksgiving.

GUSTAVO GONZALEZNOV 9, 2020

Note: Please be sure to follow COVID-19 safety recommendations for your local states and areas.

Thanksgiving Day is a wonderful time to gather, give thanks and share in the joy of family and friends, so make it a memorable occasion by putting your own signature style on the event. Surprise your guests with unique touches you bring to your food and table that will make them feel extra special and make them sigh with contentment.

Thanksgiving Turkey Dinner

Set a perfectly appointed table. This is the time to channel your inner-most Emily Post. Follow the proper etiquette for utensil and glassware placement and bring out the fine china. Pick one main color and sprinkle it throughout your table setting – in the napkins, table runner and serving platters. Tie the whole look together with petite, colorful bouquets in the same themed hue and set them in front of each guest in individual bistro glasses for rows of beautiful, cohesive color.

Don’t forget the kiddos. Kick up the fun at the kids’ table and keep them amused while waiting to dig into dinner. Get them to eat their vegetables by placing a dollop of yummy dip inside a small cup along with colorful, dunked veggie spears that are ready to munch on. And strategically keep the peace by using place cards tucked on top of Tom Turkey cupcakes (for after dinner). Seat older children next to younger ones that need a little help passing and serving family style. Lastly, spare your fine linens and lay down a tablecloth of craft paper. Arm each child with a bundle of colored crayons and let them have at it. What’s better than scold-free table drawing?

Best wishes and thank you notes. Not the typical kind, but new and special ways to share at the Thanksgiving table. Break the ice with the person seated next to you by having some fun with handmade napkin rings made of raffia twine and breakable novelty wishbones. For deeper bonding, put in your two cents of thankfulness on a note and then into a gratefulness jar that gets passed around the table. Let each guest pick out a note of thanks and read it aloud to emphasize the true meaning of the day.

Bring out the best of the holiday and spread a table of good cheer, great food and an abundance of love and kindness. Happy Thanksgiving to all!

—–

Guest Post written by Tracy Ellison.

Tracy Ellison is a creative content writer for The Studio, providing insightful information and ideas to enhance the art of living, with a background as an advertising photo stylist, designer, artist and copywriter.

Originally posted by Coldwell Banker Blue Matter Blog.

How to Build a Home Gym Without Breaking the Bank

With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing. Three out of five Americans are actually turning to home gyms for good, and over half of the population is looking for the best home-fitness options. You can even find affordable home gym equipment that gets the job done just as efficiently as a commercial gym can.

SAM SHALOMNOV 10, 2020

The following is a guest post by Ricardo Mello

With many gyms closed or operating at minimum capacity, a home gym has never sounded more appealing. Three out of five Americans are actually turning to home gyms for good, and over half of the population is looking for the best home-fitness options. You can even find affordable home gym equipment that gets the job done just as efficiently as a commercial gym can.

The Rise of at-Home Fitness

Americans are exercising 25 percent more than they were before the quarantine and the majority of them are now convinced you don’t need a gym to get fit, according to OnePoll. The poll also shared that the respondents have spent $95.79 on average on home fitness products. 

Some Americans are just simply bored and have replaced pre-Covid outings with working out safely from their home. This healthy decision does come at a cost but includes overall savings compared to a gym membership. To help with your home gym efforts, I’ve gathered some resources and low-budget products that will help you get fit without breaking the bank.

Space Saving Ideas

We all don’t have a dedicated fitness room in our home, so it can be beneficial to find compact home gym equipment and dual-purpose products. Try a door pull-up bar or punching bag that’s discreet and doesn’t need any complicated installation. You can also take advantage of mini steppers that help you meet your cardio goals while taking up limited space in your home, and resistance bands can adjust the difficulty of workouts while being applied to numerous types of equipment and exercises. 

DIY Gym Equipment

If you’re feeling handy, you can build your own workout equipment from the comfort of your own home. You can use pipes to create a pull-up bar, squat rack, gymnastics bar, weight rack, and even monkey bars if you want to turn your home into a home gym playground. If you have carpentry skills, you can make a dip station or pull blocks out of plywood.

Digital Personal Trainers

The modern digital era has made it easier than ever to receive fitness training from home, and even on a budget. We’re not all familiar with the proper workouts for our particular goals, so training sessions are a great way to receive instructions on how to safely and effectively achieve the results you’re looking for. 

Personal trainers typically cost up to $400 a month, but now you can access free Youtube videos, affordable online training subscriptions, and technology products that keep track of your activity and health. More and more Americans are purchasing fitness watches such as Fitbit and the Apple Watch, and these devices are great at helping you stay on track with your fitness goals. Smart assistants can also guide you to success with personal training apps.

Get Active From Home

Technological advances and the rising market of home gym equipment have made it easier than ever to create a home gym. You can use this time in quarantine to work on some DIY projects to create your own equipment, and also find some great deals on compact and dual-purpose products that can safely be delivered to your home. Take advantage of your time at home to improve your health and wellness, and save some money too.

 Ricardo Mello is the co-founder and Managing Partner of Manhattan Miami Real Estate. He helps clients all over the globe invest in residential real estate in NYC and Miami. He’s a licensed realtor in Florida. His work has been featured on Inman, Realtor Magazine, The Close, and NextAdvisor.

Originally posted on Coldwell Banker Blue Matter Blog

Weekly Market Activity Report For Week Ending October 24, 2020

 Freddie Mac reported that the 30-year fixed-rate mortgage hit a new all-time low this week, dropping to an average of 2.8% with .6 points. Record-low rates, coupled with continued strong buyer demand seen in recent months, should continue to support an active market in the coming weeks in what is normally a slower time of year. 

In the Twin Cities region, for the week ending October 24: 

 • New Listings increased 8.1% to 1,361 

 • Pending Sales increased 27.0% to 1,422 

 • Inventory decreased 29.7% to 8,971 

For the month of September: 

 • Median Sales Price increased 10.8% to $310,000 

 • Days on Market decreased 15.9% to 37 

 • Percent of Original List Price Received increased 2.0% to 100.5% 

 • Months Supply of Homes For Sale decreased 33.3% to 1.8

Publish Date: November 2, 2020 • All comparisons are to 2019 All data from NorthstarMLS. Provided by Minneapolis Area REALTORS®. Report © 2020 ShowingTime.

4 Ways to Adapt Your Kitchen to 2020’s ‘New Norm’

 Since lockdown, our kitchens have seen more use than ever, whether that’s more cooked meals to pass the time or doubling up as a home office. Even as restrictions continue to change amidst the current ‘new norm’, it’s expected that our attitude towards kitchen interior design will be forever changed with more emphasis on hygiene, flexibility and storage.

SAM SHALOM

The following is a guest post by Sophie Armstrong from Burlington Granite

Since lockdown, our kitchens have seen more use than ever, whether that’s more cooked meals to pass the time or doubling up as a home office. Even as restrictions continue to change amidst the current ‘new norm’, it’s expected that our attitude towards kitchen interior design will be forever changed with more emphasis on hygiene, flexibility and storage.

With this in mind, today we’re going to be looking at how the impacts of COVID-19 are influencing kitchen design, as well as as how you can adapt your current design to accommodate changing needs during these unprecedented times.

Design social spaces

Even with some restrictions being lifted, the murmurings of a second wave of coronavirus this winter could result in more people choosing to socialize in their homes rather than heading out.

This means the kitchen will become the epicenter of social gatherings, with more focus on open-plan designs that allow a seamless interaction between cooking and living spaces.

One concept that’s becoming a popular feature is the kitchen island. Ideal for compact modern homes, they offer a practical solution for additional storage and surface space, as well as a seated area for socializing. Whether it’s a coffee morning with friends, larger family get togethers or a socially distanced Zoom quiz, having an area in your kitchen that allows for everyone to socialize without impacting functionality is key to the future of kitchen design.

Of course, if you don’t want a permanent island, opting for a mobile island or simply using your dining room table to offer that social space could be equally as effective.

Invest in ultra-clean worktops

Hygiene best practice has been a core part of the fight against the coronavirus and understandably it’s become a key focus within our kitchens, too. As a place where we prepare, cook and eat our food, people are now seeking out ultra-hygienic materials to bolster the cleanliness of their kitchens.

As the workhorse of your home, paying special attention to your countertops and counter splashbacks will set the right foundations to a cleaner (and potentially greener) home all round. For splashbacks, the addition of smooth porcelain or glass tiles will not only propel water and other splashes, but they can also be quickly cleaned to keep germs to a minimum.

For countertops, opting for a natural granite kitchen worktop will not only deliver a timelessly stylish, durable and sustainable solution, but also a hard-wearing and easy-clean surface to match. With exceptional scratch, stain and water resistance, you can rest easy that your worktops remain pristine and bacteria free with a simple wipe down after each use.

Add super-sized storage

Storage is a common issue for many modern homes and during the initial lockdown period many people went into a grocery buying frenzy, stocking up on long-lasting foods. Thankfully this bulk-buying mania seems to have subsided, but it has left a lingering effect with people still buying more canned and frozen goods than before COVID-19.

As a result, there seems to be a significant shift to bigger storage requirements in kitchens, with modern takes on the old fashioned larder. Of course, not everyone has the space for a dedicated food storage room, but tall, floor-to-ceiling pull out cupboards with integrated shelves and racks offer the ideal alternative. Optimizing previously unutilized space, these types of super-sized storage units are set to be a mainstay – providing savvy storage solutions even in compact kitchens.

These concealed units aren’t just for dry foods either, they can also be the perfect way to achieve a clutter-free kitchen design that’s a breeze to wipe clean – helping to maintain your ultra-clean countertops.

Create multi-functional zones

The modern kitchen doesn’t just need to be for cooking and socializing. In the current climate, they’ll provide a hub for multiple activities – from working from home to relaxation. This means it’s essential that kitchens can be versatile and ready to adapt to different activities throughout the day.

This is where features like the kitchen island offer numerous benefits that can quickly be transformed from a practical dining area into a streamlined at-home workspace. However, with the possibility of more people in the house at one time, the need to carve out a healthy work-life balance means your kitchen could also benefit from a dedicated relaxation zone.

The key here is to make this area still feel like part of the kitchen, yet distinctly separate. This is where choosing the right furniture style, size and design is essential. From oversized armchairs for a cozy reading nook to comfy sofas all the family can lounge on, pick pieces that complement the overall aesthetic and color scheme to create a unified look, but play around with softer textures and layering to give this space a more homely, serene feel.

When it comes to kitchen design amidst the current new norm, the key is to put emphasis on hygiene and functionality to ensure you have a clean and flexible space that works for you both now and in the future, whatever events unfold.

originally posted on Coldwell bANKER bLUE Matter Blog on OCT 22, 2020