How Interior Design is Contributing to Increasing Property Values
Interior design is about more than just making a space aesthetically pleasing. Interior design in Denver, Los Angeles, or even in any other up-and-coming city can significantly impact your property values and determine the rate that you buy and sell your house at. No matter what your personal sense of style is, how you choose to decorate your home is important. Americans are obsessed with interior design, from viral interior design trends on popular social media apps like TikTok, popular home improvement shows like Interior Design Masters on Netflix, HGTV’s Fixer Upper, and there’s even popular interior design apps like Design Home, a game where you can realistically design virtual homes.
But did you know that making even minor improvements to the interior design of your home or other properties you own can increase their property value?
Investing in the Overall Design
If you plan on selling your home in the future, investing in its interior design now will save you a tremendous amount of time and money down the road. Those who are on the market for a new home often don’t want to go to the trouble of renovating their new home by themselves.
Renovations take time and money, and in some cases, can end up costing more than the overall price of the home. Taking the time to invest in interior design ahead of time makes the homes more attractive to those on the hunt for homes because they know they can actually enjoy their time in the home as soon as they purchase it, and they won’t have to spend their first year going through the hassle of renovating, flipping, and fixing everything in their new home.
Staying on top of the look and feel of your home now will save you money and time in the long run, because you won’t be scrambling trying to fix everything at the last minute when it comes time to sell. Plus, if you take the time to keep things modern and aesthetically up-to-date, whenever you do choose to put your home on the market, it will be less work for you to put in.
Psychology of Interior Design:
If you think that caring about interior design is ritzy, it might behoove you to look into the psychology of how spaces affect people’s moods. Color scheme, strategic use of lighting (especially natural light), and placement of cozy furniture and decor can have a major impact on an individual's productivity, outlook, perspective, and even health. It’s been found that having lots of natural light in hospitals and schools is effective in helping hospital patients recover from illnesses faster and schoolchildren perform better on standardized tests.
Studies have shown that certain color schemes can also affect your mood, so even a fresh coat of paint on your walls can make all the difference when it comes to interior design. You might choose to paint your bedroom blue to ensure you get a restful night’s sleep, as blue has been shown to invoke feelings of calmness. Some restaurants opt for an orange interior to make their customers hungrier and subtly encourage them to purchase more food.
It’s All About The Presentation
Have you ever gone to an open house tour, and immediately felt drawn to the space you were walking through? It’s the subtle details that ultimately seal the deal on a sale: from the smell of fresh chocolate chip cookies that are baked for each open house to the inviting throw pillows on the couches in the den.
Real estate agents often work with interior designers to make the homes they’re putting on the market stand out amongst others, and for good reason. Small details like refinishing the wood floors in your kitchen, or even swapping out the dull faucets in your sinks for brass ones to give your bathrooms a contemporary feel, can make potential buyers more inclined to want to purchase your property. Playing around with shapes, mirrors, and other forms of interior design can catapult your property from zero to 100.
Smaller homes can be made to look bigger by incorporating mirrors and lighter-colored furniture and paint into the design. It’s key to avoid cluttering a space, but a few statement pieces can absolutely do the trick. Consider investing in bold light fixtures, faux plants, and minimalist artwork that will last through the years and give your home a twenty-first-century facelift.
Creating Multi-Functional Spaces
It’s critical to play to your property’s strengths, whatever those may be. Emphasize the high ceilings in your living room if you have them, or the standalone bathtub in your master bath that’s perfect for unwinding after a long workday. Turning an old, unused office space into a library, reading nook or yoga studio can be just what you need to do to bring your home to the next level.
Even in smaller homes, those who are on the market for a new space are always looking for something novel and unique, so it’s wise to consider all of the different ways in which a room might be utilized. Get creative!
Real estate agents are savvy about who is touring the homes they’re showing, and they know how to cater to them specifically to make the homes they’re showing feel customized to potential buyers. If a couple is expecting a baby, and there’s an unused office, consider how this could be turned into a beautiful nursery. Or if you have a great yard, and potential buyers are into gardening, bring to the fore the amount of sunlight and space that is available to them to support their hobby.
If you’re more of a numbers kind of person, perhaps the following statistic will allure you: the latest data shows that a 70% ROI can be expected for those who invest in home improvements. There are no two ways about it, investing in interior design is a tried and true way to increase the property value of your home or other property, and the monetary return on your investment in time and energy is nothing to scoff at. Whether you plan on selling your home in the distant future or not, everyone likes to feel at ease in their space, so spending some time improving the look and feel of your home is a worthwhile endeavor. And if and when you do choose to sell, if you get started on home improvements now, you’ll be ready when the time comes with a ravishing home that will last for years to come.