Despite the broad slowdown of the American real estate market, demand for luxury properties in the Chicagoland area remains high, particularly for those priced under $4 million. In late 2023, this segment was one of the few that experienced quick sales and bidding wars across Illinois. The current trend among house hunters with deeper pockets in Chicago is centered around modern design trends, the kind that can significantly boost the appraised value of listed properties.
The current trends popular among luxury property buyers around Chicago involve bringing some nature indoors with large windows and skylights; this includes incorporating natural materials like wood and stone to create a connection to the outdoors. This is an example of a project that a remodeling contractor in Hinsdale can complete, and it can make your home very competitive when it goes on the market.
Another trend that is likely to boost property values is state-of-the-art home automation systems. Automated lighting, temperature control, and internet-connected security systems add convenience and appeal, but you don’t know if prospective buyers prefer a system that is Apple or Android-centric. You would need to ask a remodeling contractor in Hinsdale about the smart automation systems that are compatible with all mobile operating systems, and you also want to inquire about which would work better with high-end appliances such as the Samsung Family Hub refrigerator.
To learn more about the property improvement projects that are currently shaping demand in the Chicago residential market, contact MK Construction & Builders, Inc. today.
