Get Ahead of Important Home Renovation Projects in 2022
CHICAGO (Feb. 18, 2022) – The Appraisal Institute, the nation’s largest professional association of real estate appraisers, today encouraged homeowners to focus on energy-efficient, safety-oriented and work-accessible improvement projects when seeking to potentially improve their property’s value.
“In today’s competitive real estate market, the Appraisal Institute believes home remodeling and renovation projects are important and sometimes necessary aspects of homeownership when undertaken properly,” said Appraisal Institute President Jody Bishop, MAI, SRA, AI-GRS, “However, not all home improvement projects offer a full return on investment – cost doesn’t necessarily equal value.”
According to Architecture Digest’s, “10 Renovation Trends You’ll be Seeing a Lot of in 2022,” digital interior design was on the rise even before social distancing and working from home became the norm after the surge of the COVID-19 pandemic in 2020. In 2022, the industry is shifting towards newer technologies such as virtual staging, furniture shopping with 3D models and implementing artificial intelligence products for school, work and to make our homes smarter.