Did you know that the average selling price of American homes was $382,300 at the end of 2019?
There is a whole range of factors that affect the overall selling price of your home. For example, the location, the local transport stops, and the local schools. The interior of your home will also play a major role in the selling price of your home.
Keep reading to find out more about how good interior design can help increase the real estate price of selling your home.
How Can Good Interior Design Increase the Value of Your Home?
Selling your home can be a difficult decision to make. Sometimes you might need to downsize or upsize. Other times, you might need to sell your home and move closer to where you work. Whatever your reasons for thinking about selling, there are several things to consider before you do.
A crucial consideration is the real estate prices in your neighborhood. It might be a good idea to do some research and find out how much houses in your area sell for. You should also ask for evaluations of your property so you know how much it is worth. By doing this, you’re able to understand how much your property is currently worth and what you can do to increase its value.
A common way people increase the value of their homes before selling is by improving their interior design. Updating and renovating your house can be costly, but it can also add hundreds of thousands of dollars onto the overall resale value of your house. How does it do this?
If you’re a buyer looking for a property, one of your main goals is to find a house that provides everything you need and that is ready to move into. This saves the buyer time and money, which in turn makes them want to buy your house.
What Interior Design Improvements Can I Make to Boost the Value of My House?
There are dozens of upgrades you can get for your home, but some are particularly more profitable than others. We’ve compiled a list of four ways you can boost the resale value of your house.
1. Upgrade Your Kitchen and Bathroom
When prospective buyers view properties, their main focus is on the kitchen and bathroom. These two areas need to be in pristine condition for you to sell your house. If your kitchen looks a little outdated or your bathroom looks dull, you need to upgrade them.
Renovating your kitchen can be as simple as fitting new appliances and ensuring the room looks modern and feels airy. Similarly, bathroom renovations don’t need to be extravagant, but you do need to put a little thought into how it looks and feels. Clean and neutral renovations tend to work best because then buyers can put their stamp on a property.
2. Freshen Up Your House
A little bit of paint can go a long way and doesn’t cost too much. You can either paint your house yourself or get a professional to do it for you. Painting the interior of your house can help to keep the place look clean and welcoming. Again, it is best to choose neutral colors, such as beiges or whites.
Another way you can freshen up your house is by ensuring everything is spotless. Many people forget about certain areas, such as windows and doors, so make sure these are sparkling clean too.
3. Fix Your Floors
To get the most money out of your resale, your home’s floors must be fit for purpose, clean, and consist of good materials. Prospective buyers prefer to see hardwood floors or tiles in houses because they are easy to maintain and clean.
If you have carpets, it may be time to pull them up and replace them with hardwood floors or tiles. If your floors already have hardwood flooring or tiles, make sure that there’s no damage and that they look neat and tidy.
4. Add More Space
Finally, another way you can increase the resale price of your property is by adding more space. Sometimes houses already have storage spaces, but they aren’t immediately accessible, like an attic room or a basement. These are great places to convert into rooms such as a spare bedroom or a home office.
If your budget is on the lower end of the spectrum, you could consider simply adding smart storage solutions to your home. For example, you could install a pull-out rotating rack in your kitchen cupboards. Another idea for creating better storage is to fit wardrobes or cupboards into small corners in your rooms.
Alternatively, if you have plenty of money to spend on improving your home and want to see a big return on investment, then you could add an extension. Extensions can help to make your rooms bigger and can also add more rooms, such as an extension over your garage to turn it into a loft.
Not only do you need to choose tasteful interior designs that help sell your house, but you also need to find a reliable and helpful realtor. If you’re in Orangeville County and are thinking about selling your home, have a look at this real estate for sale company and see how they can help you.
Improve Your Home with Good Interior Design
Selling your house can be a stressful time, but improving your home by choosing good interior design options can help take away some of that stress and increase the resale value. Remember that although the investment of improving your home might seem costly, it is worth it when it comes to reselling your property.
Did you find this article useful? Then be sure to check out some of our other blogs all about home improvements and design tips.