Constructing a new home is not just about creating a living space – it’s also an investment for the future. This is why careful planning and strategic decision-making are crucial elements in the process.
At a bare minimum, you need your newly built house to retain its value over time. Ideally, you want it to appreciate in value. Here, the overall interior design and amenities are important, but there are a few key factors that can make a significant difference to the resale value of your home. Below, we take you through six ways to blend practicality and aesthetics to create a property that stands the test of time.
1. Skip trends in favor of timeless design
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Whether you’re working with the best Bellarine Peninsula home builders or bespoke property designers in Marin County, you’ll likely be offered some design elements that are currently on-trend. You may even find some of these features captivating, but proceed with caution.
Trends come and go, while timeless design endures. So try to take a long-term view, opting for architectural elements and interior designs that have universal appeal. Avoid eccentric features and highly personalized elements that might deter potential buyers in the future. This should set you up with a classic design that can support any aesthetic changes future buyers might want to make.
2. Invest in high-quality materials
The last thing you want to cut corners with is your construction materials. Doing so can lead to higher maintenance costs down the line which, in turn, can reduce the resale value of your home.
To avoid such dramas, make sure your builders are prioritizing durability and quality. Homes constructed with reliable materials tend to have a better resale value as they require fewer renovations over the years.
3. Consider the flow of your space
A well-thought-out floor plan should maximize your space and optimize flow within the home. By taking this step to improve the comfort and liveability of your space, you’ll bolster its future resale value.
To create a sense of flow, favor an open layout featuring plenty of natural light. Include functional spaces to enhance the overall value of your property and, when the time comes, attract potential buyers.
4. Opt for eco-friendly, energy-efficient alternatives
Energy-efficient homes are environmentally friendly, but they’re also incredibly appealing to buyers. An eco-friendly home can save you money while you live in it, and then when it comes time to sell, it can help you set a far higher asking price. With so much to gain, it’s well worth the effort to favor energy efficiency with everything from your appliances to your windows, insulation, and lighting.
5. Bump up your curb appeal
Just as product packaging can influence a buyer’s decision, so too can curb appeal greatly impact a home’s marketability. To boost your curb appeal, invest in a well-maintained and visually appealing exterior. Landscaping, fresh paint, and an inviting entryway can all make a lasting impression, increasing your chances of attracting motivated buyers.
6. Maximize the multifunctionality of your space
Design each room of your house with versatility in mind. Spaces that can serve multiple functions – like a home office that converts easily into a guest room – add value. Buyers appreciate adaptable areas that can evolve without the need for floor removal and other major renovations.
With careful attention to design, quality, and functionality, you can create a new home that reflects your personal style while still yielding a substantial return on investment. Your well-built and thoughtfully designed home will become a valuable asset that holds its value and sets the stage for a prosperous future.