These builder trends in 2024 are reshaping the way homes are constructed in two key areas: smart home technology and sustainable building practices. These trends are not only important for compliance with regulatory standards but also essential for meeting the expectations of today’s buyers—both eco-conscious and tech-savvy. As a builder, you’ll need to adopt these innovations to stay competitive and deliver what your customers demand. Let’s dive into the major trends influencing the construction industry this year.

Over $600 million through the Affordable Housing Innovation Fund to support innovative solutions for the next generation of housing in Canada.

https://budget.canada.ca/2024/report-rapport/chap1-en.html

1. Sustainable Building Practices: The Future of Construction

Sustainability isn’t just a buzzword in 2024; it’s a necessity. As consumers become more environmentally aware and governments continue pushing regulations, adopting sustainable practices offers multiple benefits—reducing costs, improving marketability, and future-proofing your builds.

Green Building Materials

Using materials like recycled steel, reclaimed wood, and even innovative options like hempcrete or bamboo is a growing trend. Not only do these materials reduce the carbon footprint of your construction projects, but they also appeal to eco-conscious buyers. Canada’s 2024 Housing Accelerator Fund, which aims to fast-track the construction of 750,000 sustainable homes by 2031, supports green building materials.

Water Conservation Technologies

If you’re not incorporating water conservation technologies into your projects, you’re missing out. Low-flow plumbing fixtures and rainwater harvesting systems are becoming standard. These features help cut down on water usage and, importantly, reduce homeowners’ utility bills, which is a major selling point for today’s buyers. By including these, you not only save your clients money but also align with environmental regulations, making your projects easier to market.

2. Smart Home Technology: Future-Proofing Homes

Smart homes are no longer a luxury. As technology becomes more integrated into daily life, buyers expect new builds to come equipped with the latest smart home features. Incorporating these technologies into your projects isn’t just about adding convenience for the homeowner; it’s about future-proofing your builds.

Smart Lighting Systems

Imagine your clients being able to control the lights in their homes with a voice command or smartphone. Smart lighting systems not only provide this convenience but are also energy-efficient. These systems automatically adjust based on occupancy and daylight, which reduces energy consumption and saves homeowners money. It’s the kind of futuristic feature that makes your homes stand out to buyers.

Smart Energy Management

Smart thermostats and energy management systems are quickly becoming essential in modern homes. These systems provide real-time data on energy consumption, allowing homeowners to control heating and cooling from anywhere via a smartphone app. By offering homes with these technologies, you’ll attract buyers who are concerned with both environmental impact and long-term cost savings.

Home Security Systems

Home security is a top priority for many buyers, and today’s smart home systems make security more convenient and effective. Offering features like video doorbells, motion-sensor cameras, and smart locks will not only give homeowners peace of mind but also make your homes more marketable. Security is something people are willing to invest in, and it’s a big selling point for modern buyers.

3. Canada’s Push for Innovation in Homebuilding

Canada’s 2024 Federal Budget is driving significant innovation in homebuilding, and as a builder, this is your chance to capitalize on it. The Homebuilding Technology Innovation Fund supports advanced construction technologies like 3D printing, modular housing, and mass timber construction. These technologies help you build faster, more cost-effectively, and with fewer resources. Builders who embrace this innovation will not only benefit from government incentives but also stay ahead of the competition.

The government is also promoting next-gen materials and faster construction methods through initiatives like the Affordable Housing Innovation Fund. If you’re looking to stand out and make your builds more efficient, these programs are worth exploring.

Conclusion

2024 is the year to embrace sustainable practices and smart technologies in your builds. Whether it’s through energy-efficient lighting, water conservation, or advanced home automation systems, these innovations will ensure that your homes are market-ready and appeal to today’s buyers. Plus, with government programs supporting innovation in housing, builders who adopt these trends now will have a significant advantage.

Ready to integrate smart home technology and sustainable practices into your next project? Contact Bridge Brokerage today to learn how we can help you future-proof your builds and stay ahead in the competitive market.

Sources:

• Sustainable Building Practices – West Coast Deck Waterpoofing
• Smart Home Technology Trends – Ideal Home
• More Affordable Homes – Canada.ca