Your home is more than just a place to live. It’s an investment that can provide a return in the form of increased value over time. There are several factors that affect this value.
For example, if you decide to sell house for cash in Kansas City, the potential buyer will assess the house area, structure, access to essential facilities, neighborhood, and whatnot. One such important factor is interior design.
While many people focus on exterior improvements such as landscaping and curb appeal, the interior of your home can have a significant impact on its value. In this article, we’ll explore how much your interior design affects the value of your home and how you can make the most of your investment.
Why Is Interior Design Important?
First, it’s important to understand that interior design is more than just decorating. It is a broad term that encompasses a wide range of elements, including layout, flow, color scheme, lighting, and furnishings.
These elements work together to create a cohesive and functional space that meets the needs of the residents. The well-designed interior improves the aesthetic appeal of your home and makes the space feel like home.
And most importantly, it increases the value of your property. So, how much can interior design affect the value of your home? According to the National Association of Realtors, the average return on investment for interior design projects is approximately 50%.
This means that for every dollar spent on an interior design project, you can expect to recoup 50 cents in added home value. Of course, the actual return on investment will depend on the specific project and the local real estate market.
Which Interior Design Features Increase House Value?
Now that we know the effect of interior design on your house value. Let’s have a look at what features can maximize this value and give you the best return on investment!
One of the key factors that can influence the value of your home is the layout. A well-designed layout can improve the flow and functionality of your home, which makes it more appealing to potential buyers.
For example, an open floor plan can create a sense of spaciousness and make the home feel larger. On the other hand, a poorly designed layout with cramped rooms and awkward transitions can make the home feel smaller and less functional.
Color can have a significant impact on the mood and atmosphere of a room. Neutral colors such as beige, gray, and white are popular choices for interior design as they create a sense of calm and tranquility.
However, bold colors such as red, blue, and green can add interest and personality to a room. When choosing a color scheme, it’s important to consider the overall style of the home and the preferences of potential buyers.
Good lighting can create a sense of warmth and comfort, while poor lighting can make a room feel cold and uninviting. So, it’s highly important to pay attention to the lighting system in your house.
Typically, most people prefer natural light in their homes. It’s because the presence of large windows and glass doors illuminates the indoors for free. Plus, the natural light provides a sense of openness and connection to the outdoors.
However, artificial lighting can also be effective when used correctly. Consider installing dimmer switches, layered lighting, and task lighting to create a variety of moods and functions within a space.
Furnishings are also a crucial component of interior design. The right furnishings can complement the style and color scheme of a room while also providing comfort and functionality.
We recommend you invest in quality furnishings such as comfortable sofas, stylish chairs, and functional tables. These will not only enhance the overall appeal of a room but also increase its value (if you decide to leave them behind). However, it’s important not to go overboard with furnishings, as clutter can detract from the overall aesthetic appeal.
Balance Between Form and Function
When it comes to interior design, it’s important to strike a balance between form and function. A well-designed interior should not only look good but also meet the needs of the people living in the house. Otherwise, the whole idea becomes useless.
For example, a family room should be comfortable and inviting. It should have plenty of seating and space for activities. Similarly, a kitchen should be functional and easy to navigate, with ample storage and counter space.
By designing your interior with both form and function in mind, you can create a space that is not only visually appealing but also practical and livable.