A home is more than just a source of comfort and security. Investing in one could help you generate immense wealth as the years go by. Since real estate values are constantly rising, you could end up selling your property for a good return once you’re ready to move on to a bigger home or a better community.
You can sell your property for a good price reflecting its actual resale value. This will largely depend on the types of improvements you opt for. These include architectural features that could make or break your home’s resale value. In short, your home’s appearance from the inside and out strongly impacts its resale value. While you’re still the owner, opt for design decisions that bring the best returns.
Why Do Architectural Elements Impact Resale Prices?
Most people would think that architectural design options have little to contribute to a property’s resale price. On the contrary, the right features and improvements could lead to value gains in the long run. Curb appeal is one factor that helps a property to stand out in the local real estate market. A well-designed exterior is more likely to motivate buyers, so you can only expect that such a property could fetch a higher price.
Aesthetics play a big role in attracting real estate buyers (especially those belonging to the Millennial Generation and Gen Z) who have specific tastes in their selection. Aside from great exterior design, such buyers are also drawn to homes that offer optimal functionality. With minimalism being one of the most dominant styles in recent years, buyers would purchase small spaces as long as they offer ample personalization opportunities.
By the looks of it, architectural design can positively impact a home’s resale price. Keep in mind that not all aesthetic improvements could boost your home’s value, let alone attract the right buyers. This is why you need the list below to help you focus time and resources on enhancements from which you can profit.
The Best Value-Adding Architectural Elements to Consider
Coming up with ideas can be a drag. The list below might help but, ultimately, you need input from a professional in finalizing your aesthetic improvement plan in a way that saves time and money.
1. Curb appeal and exterior features
The first you may need to focus on is how your home looks from the curb. If you live in a community that isn’t strict in implementing a uniform home design in your block, you may want to overhaul the entire facade and adopt a more updated look. Aside from a fresh coat of paint and new details being added to the windows and doors, you might want to consider enlarging the windows and tweaking the entryway. Replace the flat stones on your walkway with concrete slabs for a more minimalist look.
Updating lighting fixtures is also a surefire way to add more dollars to the property’s resale price later on. Go for ambient lighting that emits a warm glow on the exterior, highlighting the best parts of the overall design.
It helps if you could base the appearance on an overarching theme. If you pick a zen aesthetic, swap your lawn with a Japanese rock garden and go for a monochromatic exterior. For the most part, these improvements will cost less compared to a major refurbishment of the facade.
2. Show your personality through the landscaping
When it comes to improving home design, changing a property’s landscape could help in numerous ways. For one, it increases curb appeal and, by doing so, boosts the property’s resale value. This is also true if the landscaping design offers a functional on top of an aesthetic purpose.
The right improvements will not only add a sense of sophistication to a small home but it also help enhance ventilation, comfort, and environmental preservation. Aside from picking the right shrubs and trees to decorate the property’s surroundings, you should also avoid overcrowding the outdoor space to allow optimal airflow which is ideal during summer. It also helps if you can build outdoor living spaces. If you’re thinking of adding a patio, go for a more rustic motif by installing exotic hardwood decking, a fire pit, and an outdoor brick oven.
An inground swimming pool can also be an extension of your landscaping, so consider decorating the area with exotic plants and the right liner design from a reliable vinyl pool manufacturer. Make sure your landscaping corresponds to the overall motif of your exterior design. Buyers wouldn’t mind paying more than the median price for artistic consistency.
3. Enhance the interior space
Effective architectural design isn’t focused solely on improving the exterior appearance of a property. Much of it involves using the right enhancements that would make interior spaces more comfortable and functional. There’s a long list of upgrades you wouldn’t want to add to your renovation plan such as high-end upgrades that don’t match the actual state of the indoor space.
The safest improvements you can opt for that guarantee a high return on investment is a major overhaul of the living room, kitchen, and bedrooms. A larger layout provides you with massive personalization opportunities, so you can only imagine the thrill potential buyers may feel just how much space they can toy with.
Apart from space expansions, you might also want to consider expanding windows to maximize natural lighting and energy efficiency and make indoor spaces appear larger. A skylight might also be a worthy design consideration if the property is situated in colder regions.
4. Mind the materials and resources
Whatever redesign project comes to mind, it matters a lot to choose materials that serve both an aesthetic and functional purpose. Inconsistent choices and sloppy craftsmanship could still be uncovered through a property inspection and you would risk downgrading your home’s resale value when these issues come to light. As much as you want to save money on home renovations, it won’t do your property any good when you fall short of delivering the bare minimum.
Always put a premium on the tools, materials, and expertise needed for the job. More importantly, you need the advice of an experienced home renovator to know the best way to go. After all, you can’t count on yourself to come up with a good renovation plan that translates to a higher resale price. Yield to experts and don’t hold back when it comes to paying for quality materials. You’d still get a good return when things go well enough.
Endnote
As a property owner, you would like to see your home fetch a good price on the market. Focusing on these home design tips would put more money in your pockets once you’re ready to move on.
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