LETTER FROM THE EDITOR
Design Trends You Can Bank On D esign can be an intimidating yet exciting facet of real estate. It allows creativity and personality to shine through. Importantly, well-exe- cuted current designs can help investors maximize their ROI. Given the added focus being placed on design, we are seeing how strategic and intentional design can shape the way we work, live, and play. Design can transform spaces into communities that add value to their prospective residents. Here are a few emerging trends to think about incorporating into your investing strategy: 1. SUSTAINABLE AND ECO-CONSCIOUS DESIGN PRACTICES. Incorporating sustainable design elements such as energy-efficient appliances, solar panels, and green building can attract environmentally conscious tenants and buyers while reducing operating costs. 2. SMART HOME TECHNOLOGY. Smart home technology continues to revolutionize the real estate industry. Smart home systems such as smart thermostats, security systems, and automated controls are adding convenience and energy efficiency while appealing to tech-savvy renters and homeowners. Technology also now provides virtual tours that allow potential buyers and renters to view more properties and narrow down the ones they want to see in person. 3. OUTDOOR LIVING SPACES. Outdoor living is one of my favorite design trends. Connecting your inside space to your outside space creates a larger living area. In urban areas, investors are incorporating rooftop gardens, courtyards, and balconies to increase the living area. 4. INCREASE IN CO-LIVING AND COWORKING SPACES. Even though COVID is behind us, its presence did impact how and where we work. The home office is here to stay, and remote work has proven to be conducive to productivity and beneficial quality of life. Keep this in mind when designing the layout of properties. Over time, I expect to see the home office become a staple rather than a design trend in real estate. Design in real estate is all about creating spaces that foster community and give it a sense of “home,” whether in urban areas with multiple families making up the community, a work community, or your family community. Design is the one component that allows you to take a blank canvas and incorporate your personality. Pay attention to what may appeal to your potential clients and add value by using design trends that pique their interest and check the boxes of their wants and needs. •
CARMEN FIELDS MANAGING EDITOR
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