When it comes to home valuations, factors like location, comparable sales, and property size are key, but these are not the only things that come into play. Home design, something for which a home owner can more greatly control, play a role as well.
While home value assessment tools, such as those offered by online estate agent Purplebricks, may focus more on the first three aforementioned factors, don’t dismiss the potential for something like a unique home design to have a positive impact on your home’s potential resale value.
Even as determining what is aesthetically pleasing can be subjective in nature, there are ways to incorporate unique design, in a way that attracts the widest possible pool of potential buyers, and helps you sell your property at a higher price to boot.
Maximizing ‘Curb Appeal’
Unique home design encompasses both unique and high-quality features on the outside as well as in the inside of the home. When it comes to unique exterior design, it’s all about “curb appeal.”
“Curb appeal” is the aesthetic appeal of your home as it appears from the street. Although this may sound like something that’s subjective and in the eye of the beholder, again there is a way to maximize the “curb appeal” of your home, in the eyes of the widest pool of potential buyers.
For one, home sellers may want to consider a unique exterior design that best aligns with architectural styles currently in vogue. Outdoor features like patios and terraces also have wide appeal. Adding these to a property that currently lacks them is something else that can help to maximize “curb appeal” over the widest amount of the buyer pool.
Modernizing the Interior
When it comes to unique interiors, much like with exteriors, it may be best to incorporate unique features, in a way that is also in line with current homebuyer tastes and preferences. In recent years, features like open space floor plan and the integration of technological features into homes have become popular.
Including these features, but in a way that is both unique and pleasing to the eye, could do wonders in terms of enhancing demand for your home, as well as the eventual selling price for your home. Utilizing this approach, the end results may be the “best of both worlds.” On one hand will have a home available for sale that meets the design and function expectations of the wider public.
On the other hand, unique design features to the home can help it stand out against the competition. Yes, I get it: you assume that taking advantage of unique design could prove costly. You may feel uncertain about whether to invest so much to upgrade a property’s aesthetic-pleasing appeal. Nevertheless, based on industry data, the potential payoff could far outweigh the upfront cost.
Unique Home Designs Can Add Five or Even Six Figures to Your Home’s Worth
According to recent data compiled by a real estate market intelligence firm, homes featuring unique design features typically sell for 12% more on average. As the average home in the UK now sells for £300,000, this could mean an additional £36,000 in potential house sale proceeds.
For more expensive properties, the impact can be even more pronounced. For a home valued at £1 million or more, unique design features increased their value by 19% on average. That’s £190,000 in additional value, and depending on the cost of unique design features, this could represent a return on investment (ROI) many times that of the upfront capital layout.
Let’s face it: the most prominent factors at play in valuing your house are by-and-large out of your control. You can’t control which post code your home is located in, nor can you immediately maximize the size of your property. However, whether it be maximizing “curb appeal,” or from modernizing the interior, unique home design remains something largely in one’s control.
