The last year has impacted everything from the way we work to the way we shop. Home trends saw a big impact as our homes became our office, gym and classroom. The movement has continued into 2021 with the following home makeovers trending.
1. Create multi-generational housing.
One roof over a few generations often requires more space or reconfiguring what you already have. This home trend allows for grandparents to move in or creates rental space to help pay for the mortgage.
2. Separate home office.
As home became work, many people in 2020 and into 2021 needed to create a home office. And, with many jobs becoming permanently work-from-home, the desire to upgrade that space into a productive paradise continues.
3. Outdoor space.
Designing outside living space will continue to be a hot wish-list item. Somewhere to enjoy a meal on the deck, splash in the pool and most importantly, soak in sunshine.
4. Bathroom upgrades.
A big soaking tub or a new walk-in shower is topping many homeowners’ renovation goals this year for rest and relaxation. Creating a spa-like experience at home.
5. Home gym.
As more people are working out at home, the trend has shifted to home gyms. New walls to carve out dedicated space, exercise equipment and flooring are just some of the home improvement trends expected to continue in 2021.
If you’re ready to take one of these trends and make it a reality, our home equity loans can help make it happen. Rates as low as 3.00% APR* make payments affordable. Visit HomeEquity.LMCU.org or call (616) 207-3240. *APR = annual percentage rate. Rate as of 3/10/21 and subject to change after account op.
*APR = annual percentage rate. Rate as of 3/10/21 and subject to change after account opening. Best rate available to well-qualified borrowers with under 80% Combined Loan to Value (CLTV). Assumes auto-pay from LMCU checking account. Your rate may be higher based on your specific CLTV, term, and credit score. HELOC rates are variable and based on the current index margin; rates will not exceed 12%. Terms, loan amount maximums, and other restrictions apply. Loans are secured by a lien against residential property only. Acceptable collateral are 1-4 unit owner occupied and second homes. Existing liens on the property will impact the amount you qualify for. All rates are subject to approval and underwriting terms and conditions, so your rate may vary. Call or see branch for details. $5 membership required if not a member.
Topics: Home Financing & Renovation