The major lifestyle change we’ve endured the past two years has led to a rise in people relocating from crowded city areas to suburban areas offering more land and fewer regulations. Homes are selling just as fast as they get listed, despite rising costs in housing. All kinds of building supplies, both interior and exterior, are in high demand due to the increase in building and renovations. If people aren’t fixing up their homes to list them while they can make top dollar, they are renovating to update to their décor.

New homeowners often spend their first few months repainting and retiling to update the décor to their liking. But adding to the mix of people having renovations done are those who applied for loans, due to the low loan rates, which encouraged more homeowners to take advantage of the opportunity to renovate while loans were more affordable. Now that the Fed has announced frequent interest rate hikes soon, homeowners are running out to secure loans before the rates are unaffordable.

The Convenience and Popularity of Tile
Whether you’re renovating an outdated bathroom or kitchen or starting fresh with an addition or new home, today’s new tile designs offer a wide variety of applications offering new textures, durability, and modern-day appeal. We are seeing wood-look tile installations in areas normally featuring wood floors and the modern color palette is abound with various hues of grey.

Take, for instance, the formal living room normally decorated with a traditional wood floor now featuring a realistic wood parquet floor. Pet owners and families with kids are delighted they can still enjoy the look of wood without the expense and need to refinish it every year. Tile, in fact, solves a big problem in high traffic areas because it won’t wear out.

But tile is also become a more popular outdoor application replacing splintery wood decking on patio areas. Outdoors, a matte textured tile is more suitable to prevent slipping on wet surfaces.

Industrial-Look Trends
The popular cable television show featuring Chip and Joanne has influenced home decorating magazines and the products home stores carry across the nation. Anyone who wants to modernize his or her home with this look is introducing shades of grey as the neutral palette, along with steel, and rustic elements like a weathered barn door. Today’s modern look is a marriage of industrial and rustic with clean, simple lines. In fact, if you prefer to decorate with warmer colors, it’s quite difficult now to find a variety of earth tone colors.

With rising prices and interest rates, there’s no telling how long home renovations will be affordable for the average homeowner. Now is the time to take advantage of better financing circumstances. And we are bound to see material costs rise with supply chain shortages caused by slowed imports from overseas. Homeowners typically get their money back on kitchen and bathroom renovations, so if you have to prioritize, they projects should take precedence over other types of renovations.