In 2026, high mortgage rates and low-rate loan lock-ins drive homeowners to renovate rather than move, fueling a $524 billion renovation market focused on functional, long-term improvements. Key trends include ADUs for added space and rental income, aging-in-place designs, energy efficiency upgrades, and flexible interior layouts replacing open concepts. Bundled projects and permit-ready designs optimize costs and timelines amid complex regulations. Renovations prioritize durability, resilience, and multigenerational living.
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