- Did you know that the addition of certain design elements in the home can add value and boost valuation?
- Are you aware that newly remodeled bathrooms and kitchens are the major attraction for prospective buyers?
- Have you looked at hiring an interior designer to do your home so that you can sell it for a higher value?
You might think that a homeowner invests in interior designing when they want to create a nice and comfortable space to live in. Yes, you may be right. Everyone wants to stay in a residence that is stylish, adorned with the latest trends, and is surrounded by all the creature comforts.
However, a new group of homeowners has emerged that are hiring interior designers with just one purpose- to help them get a premium on their homes!
Yes, the property resale market has created intelligent and smart homeowners who are investing to boost extra valuation. In this article, we speak to leading interior designers from Eight Design Pte Ltd, a leading name in the remodeling world.
How Interior Designers can help in Boosting your Home’s Valuation?
In the past couple of years, the purchasing behavior of real estate clients has changed. They do not want to move into properties that would require an extensive overhaul. Many have realized that renovations, remodeling, and redecoration all involve time, energy, effort, and money.
It has also been pointed out that giving away money seems to be the easiest and most preferred option for new home buyers. They do not want to take the stress of hiring designers, waiting got six months to start living, and going through missed deadlines and overshot budgets.
This is why new home buyers are more likely to pay a little extra on a new home if they see that it requires little or no work at all. This is where an interior designer can help you create a home that will not only instantly attract new home buyers, but also help you secure a price above the market valuation.
Interior Designing Versus Interior Staging: Is it the same?
A lot of readers have often asked about the differences between interior designing and interior staging. In this section, we will try to explain the major differences between the two.
- Interior Staging is Theatre-
Staging as the name suggests is all about theatre. It means hiring certain pieces of furniture and décor from a company just for the purpose of showing a space in a specific kind of light. Imagine walking into an empty loft and not being able to see how you are going to live there.
- Interior Design is Real-
However, when it comes to interior designing, you get what you see. In other words, the interior design and the remodeling have been done so that a new homeowner will use it and save a ton of money, energy, and effort in getting it done over.
- Staging helps with Visual Appeal-
But when you see the same loft with beds, sofa, kitchen table, you get a sense of the idea that yes, this is how the layout is going to look like. All the pieces of furniture and décor are not available when you buy the place.
- Interior design allows new homeowners to use the décor-
This means that as compared to staging where the décor is simply for visual purposes, in interior design, the homeowner can use the same. He or she will not have to go through the process of getting new furniture or hiring a designer to go over the process once again.
Does Working with a Knowledgeable Interior Designer Help?
The short and sweet answer to this question is Yes!
An interior designer can help you keep your budgets under control. They can tell you where you should spend and where you should draw a line.
For example, when it comes to redecorating the living room, a good designer will ask you to spend 50% of your entire budget for the room on the sofa. They realize that no other piece of furniture will have the same use as the sofa. You can skim on side tables and lamps, but not the sofa.
A good interior designer will always ask you to redecorate on lines that are always classy and in fashion. In other words, they will warn you against going after polarizing and trending styles.
They will suggest this as classy and timeless décor is likely to appeal to a wider cross-section of potential new home buyers. Something too sharp or glossy is likely to not find a lot of takers.
The Bottom Line
A smart and well-established interior designer who knows the property landscape can help you in multiple ways. In this article, we have tried to show how investing in interior design will help you improve your home’s valuation. If you have any other questions that you would like us to clarify, let us know in the comments section below.