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Value-Enhancing Interior Design: Choices That Count for Your Home’s ROI
Investing in new design ideas for your home can do a lot more than just add more personality to your living space. It also can be a great way to increase the value of your property.
It really doesn’t matter if you're planning to sell soon or plan on living in your home for years to come - making smart design choices now only helps to increase the value of your home and gives you more options down the road should you choose to test out the market.
However, not all design choices provide you with the best ROI (Return On Investment) over the along term. But by following certain home renovation strategies, you’ll be able to enjoy a fresh new look for your property while maximizing its value.
1. Prioritize Kitchen Upgrades
Most people view their kitchens as an important focal point in their homes. Even if you don’t cook that often, potential home buyers often look for modern kitchens with a good blend of functionality and pleasing aesthetics.
Although going through a complete kitchen overhaul can be expensive, there are certain strategic upgrades you can make that offer an excellent return on investment without breaking the bank.
For example, you could consider refacing your current kitchen cabinets to help give them a fresh new look or opt to replace them altogether. If your budget allows for it, replacing older countertops with more durable and modern materials like quartz or granite can significantly improve a home's overall appeal.
2. Bathroom Renovations
Bathroom renovations are another popular modification that can quickly improve your home's value. To get started on this type of project, think about ways you can maximize the space and make use of modern fixtures to create a more relaxing but functional space to allow for a more open and inviting atmosphere.
Depending on where your bathroom is located, you could consider installing a larger window or a skylight to brighten the room. This helps to create a calming atmosphere that’s great for enjoying a hot bath or shower. Finding solutions to help keep your bathroom organized is another way to make the room more modern.
Upgrading faucets and showerheads with newer options can also make a noticeable difference. Because of how bathrooms are used, it’s also important to make sure you have quality tiling in place for floors in and around the showers. This not only reduces the risk of water damage to the foundation but also requires less overall maintenance.
3. Enhance Curb Appeal
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First impressions are everything. Your home's exterior is the first thing your visitors (or potential buyers) will see when walking up to your property. This is why choosing certain design improvements on the outside of your home is also a great idea.
A good place to start is with basic landscaping. Having a well-maintained lawn, colorful flower beds, and healthy-looking trees and bushes creates an inviting atmosphere for everyone.
Also, don’t underestimate the value that a fresh coat of paint can add. Whether painting an aging fence or updating outdated home colors to a more modern color palette, new paint can make your home look significantly newer and stand out from others in the neighborhood.
4. Create an Open Floor Plan
Open-concept living has become increasingly popular among younger generations. By removing certain non-load-bearing walls, you can create a much more spacious and connected living room that can make your space feel much larger and more valuable to potential buyers.
An open floor plan also creates better sightlines, which is great for entertaining others. To achieve this, you may want to consider combining the kitchen, dining, and living areas to create a central gathering space.
5. Maximize Natural Light
Natural lighting can have a powerful impact on the overall mood or ambiance you set in a living space. It also helps to make the home more inviting when opening the door to see plenty of light and can add to a more unique feel. One quick way to maximize your natural light is to think about replacing smaller windows with larger ones.
Skylights are another excellent option for bringing in natural light, especially in areas where window access along the walls may be limited. You can also help compliment your lighting choices by using light color palettes for walls, ceilings, or furnishes. This helps to reflect the light in the room and creates a brighter, more airy feel.
6. Upgrade Flooring
The flooring in your home plays a significant role in a home's overall functionality and appearance. Sticking with more durable and modern flooring options can also significantly impact its value. Hardwood floors are a great choice for most homes and provide a warmer look and feel. Tile is another excellent option, particularly for kitchens and bathrooms, as it's water-resistant and easy to maintain.
If hardwood is outside your budget, consider going with some high-quality laminate options that mimic the look of real wood at a much more affordable price point. When thinking about ideal flooring, consider the style of your home and choose options that complement its overall design.
7. Use Neutral Color Palettes
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Neutral color palettes in your home are a great way to add a more timeless look and offer incredible versatility when it comes to interior design options. Painting walls in softer tones like beige or gray can create a clean and sophisticated look for different rooms in your home.
Another great thing about choosing neutral colors is that if you’re thinking of selling, these types of colors are much better for showing homes as they allow potential buyers to more easily picture their own design choices.
8. Add Energy-Efficient Features
For many homeowners today, sustainability has become a major concern for a lot of different reasons. Incorporating energy-efficient features into your home not only benefits the environment but also helps to reduce costs and add more value to the property.
To start upgrading your home, start by looking into appliances that have Energy Star-rated models, which consume less energy and water. Replacing older windows with energy-efficient ones can also help to reduce costs when running HVAC systems.
Adding insulation to your attic and walls to improve your home's energy efficiency is another great option to explore. These types of upgrades are very practical and translate to long-term cost savings no matter where you live.
9. Incorporate Storage Solutions
Ample storage is a key feature that buyers look for in a home. Think about incorporating built-in shelving units to maximize vertical space and provide a stylish way to display books or décor.
Walk-in closets are another highly desirable feature, providing ample space for clothing and other accessories. In kitchens and bathrooms, you can also use cabinet organizers to maximize storage capacity. By making your home more clutter-free and organized, you’ll create a much more functional living space that resonates with a large amount of potential buyers.
Maximize Your Home’s Value With the Right Design Choices
By taking the time to apply these strategic design choices, you can create a home that not only looks great but adds significant long-term value to the property.
Author's Bio
Author: Rebecca Denis, Head of Design at Revive Real Estate, is an accomplished and highly creative interior designer with over ten years of experience in the industry. With a passion for transforming spaces and a keen eye for detail, she has successfully completed numerous projects ranging from commercial spaces to custom show homes.
Follow us @ Inveiglemagazi1 & on Linkedin.
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