The decision to list your home for resale is a big one. No doubt it came about after much thought, weighing pros and cons, and series of long discussions. However, once you decide to put your home on the market, get ready for the next big discussion: interior design.
Many times sellers assume that interior design is a waste. If you are look to get as much money as possible out of your home, why would you put money back into it just to make look prettier for the new owners? Read on to find out why interior design is essential when listing your home.
Interior Design Generates Traffic
The first step toward putting any home up for sale is marketing it. When potential buyers look for a home, they are sent listings via email. Each property listing includes a short bio of the home, figures about how many bedrooms/bathrooms/square feet, etc, and some photos. Based on this information, the buyers decide which homes they would like to see.
Since buyers often look at multiple listings at once, it’s critical that you make your property stand out in the crowd – and that’s where interior design comes into play.
There are often lots of homes with similar in terms of square footage and number of bedrooms, so the choice to view one home over another comes down to the photos. Given the choice of two like properties, would choose the one that has newer appliances and a cohesive design or the one that looks like it hasn’t been updated in over a decade?
Interior Design Defines Purpose
After all the years spent living in your home, you undoubtedly have a pretty solid idea of how to use the space. For instance, you may know that your kitchen table will comfortably seat four, but for anything bigger you need to use the dining room. Or, that your spare bedroom is the perfect spot for a home office.
Potential buyers want you to share that knowledge. When they look at a home during a showing, they are looking for visual clues on how to use the space most effectively. If they aren’t clues, that confusion can cause them to look toward another property. Use interior design to make sure they get a clear picture.
Interior Design Adds Value
There’s no dying that selling a house is about money. As a seller, it’s only natural that you would want the biggest return possible on your home’s resale. Believe it or not, putting some money into interior design now can help you get a bigger purchase price later.
When a real estate agent determines the correct list price for your home, he or she looks at the features that your home has to offer and then compares those features to similar homes that are currently on the market or have been sold recently. Some of these features include: location, square footage, and interior design.
There’s nothing you can do to improve the first two factors. If your lot is near a major road it will always sell for less than a similar property in a quiet neighborhood. Same for a property with tiny rooms compared to a home with spacious ones. But, the interior design is well within your control.
Factors such as kitchen upgrades, bathroom remodels, and whether or not you have a finished basement are taken into account when deciding to list one property higher than another. They are also a consideration when the buyers decide how much to offer. Sloppy design is more likely to generate a low-ball offer than one where pulled together interior lends credence to value.