Design Trends That Will Impact the Luxury Home Market in 2023
03/01/23 • 41 min
Emerging Design Trends and the Changing Priorities of Affluent Homeowners:
Over the last few years, a stark minimalism characterized by bland color schemes seemed to dominate design trends throughout real estate. A lot of these design choices seemed to correlate with the pandemic and a more sterile approach to living. In 2023 though, that’s all about to change.
According to this year’s most popular design trends, warmer color palettes and textures are taking over. Accent walls are growing increasingly popular, especially those that incorporate patterns via high-end wallpaper. Also making its rounds in the luxury residential market? Luxury vinyl flooring that’s durable enough to stand up to high foot traffic and wear and tear.
Bringing inside elements outside is another trend that’s growing in popularity. With many homeowners wanting a more seamless transition from indoors to out, and ample natural light sources becoming increasingly important, biophilic design is becoming a more popular option. In 2023, design trends are set to be a lot more colorful, have much more personality, and focus on bridging the gap between the home’s interior and exterior living spaces.
Topics Discussed During this Episode:
- How design trends are shifting in a post-pandemic world
- Why color is being utilized in a much bolder way
- The return of textured wallpaper
- Where vinyl flooring is being incorporated in a luxury home
- How architecture and design are adapting to the most recent trends
Resources Mentioned During this Episode:
Emerging Design Trends and the Changing Priorities of Affluent Homeowners:
Over the last few years, a stark minimalism characterized by bland color schemes seemed to dominate design trends throughout real estate. A lot of these design choices seemed to correlate with the pandemic and a more sterile approach to living. In 2023 though, that’s all about to change.
According to this year’s most popular design trends, warmer color palettes and textures are taking over. Accent walls are growing increasingly popular, especially those that incorporate patterns via high-end wallpaper. Also making its rounds in the luxury residential market? Luxury vinyl flooring that’s durable enough to stand up to high foot traffic and wear and tear.
Bringing inside elements outside is another trend that’s growing in popularity. With many homeowners wanting a more seamless transition from indoors to out, and ample natural light sources becoming increasingly important, biophilic design is becoming a more popular option. In 2023, design trends are set to be a lot more colorful, have much more personality, and focus on bridging the gap between the home’s interior and exterior living spaces.
Topics Discussed During this Episode:
- How design trends are shifting in a post-pandemic world
- Why color is being utilized in a much bolder way
- The return of textured wallpaper
- Where vinyl flooring is being incorporated in a luxury home
- How architecture and design are adapting to the most recent trends
Resources Mentioned During this Episode:
Previous Episode
How to Properly Qualify Buyer Prospects in Luxury Real Estate
Why is Qualifying Buyers So Important?
When it comes to negotiating sales in luxury real estate, one of the more important steps is ensuring that the buyer has the funds necessary to complete the transaction. While many real estate professionals feel bringing up the topic of assets is a bit taboo, it’s actually incredibly important to properly qualify buyers in order to protect all parties involved. If you haven’t added it to your process already, asking for proof of funds should be standard practice when negotiating a sale.
Topics Discussed During this Episode:
- When it’s appropriate to ask for verification of funds
- How not to cross the line with buyers and turn the situation uncomfortable
- Why setting expectations with your clients is so important for a smooth transaction
- Some useful resources that can help luxury real estate professionals pre-qualify buyers
Resources Mentioned During this Episode:
Next Episode
The Art of Pricing Luxury Properties
Topics and Questions You’ll Uncover During this Episode:
- How can you correctly price the unique features of a luxury home?
- What features do luxury buyers want the most?
- What challenges can make pricing a luxury home complicated?
- What are some of the most outrageous amenities only found in a luxury home?
Resources Mentioned within Episode:
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