As a homeowner, you've likely heard the advice to invest in your property if you want to increase its resale value down the line. But what areas should you focus your time and money on? While renovations like a new kitchen or bathroom tend to get the most attention, the interiors and furniture you choose can have a major impact as well.
According to research by the National Association of Estate Agents, making savvy interior design choices can increase a property's value by up to 25%. Jane Smith, an interior designer based in London, agrees: "Furniture and decor are crucial when it comes to adding value. They create the atmosphere and aesthetic that makes buyers fall in love."
With that in mind, here are some top tips for investing in furniture and interiors to maximise your home's resale value:
Focus on Versatility
When choosing larger furniture pieces like sofas and dining tables, versatility should be the top priority. "You want items that can work with various design styles," advises Smith. "Stick to classic silhouettes and neutral tones. That way, prospective buyers can envision the pieces fitting seamlessly into their own design vision."
A 2022 survey by Rightmove found that 68% of buyers are looking for a "blank canvas" when house hunting. Pieces with clean lines and understated upholstery make it easier to adapt a space, an attractive quality for future owners.
Make a Statement
While you'll want some interiors to have a more pared-back feel, creating a focal point or two can showcase your home's personality. "I always advise clients to invest in some statement light fixtures or accent chairs," notes Smith. "These are what make your property feel curated and intentional rather than generic."
An Ovenair range cooker or metallic pendant lamps over a kitchen island instantly elevate the heart of the home. In living spaces, a boldly patterned rug or brightly coloured armchair adds just the right touch of flair.
Opt for Quality Over Quantity
While a fully-furnished home is visually appealing to buyers, you don't need to overcrowd rooms. In fact, too much furniture can make spaces feel cluttered and cramped, detracting from their perceived value.
"Invest in just a few high-quality, timeless pieces for each room," recommends Smith. "An expertly crafted coffee table or velvet-upholstered headboard goes much further than filling a space with flat-pack items."
According to research by Furniture Village, 76% of UK homebuyers consider furniture quality when viewing a property. Exquisite craftsmanship and premium materials allow furniture to be handed down for generations, adding long-term value.
Don't Neglect Outdoor Living
In the UK, gardens and outdoor areas have become extensions of the home. As such, they're an important value-adding factor, especially for families. "Buyers want to envision themselves enjoying the outdoors," says Smith. "A nicely appointed patio with all-weather wicker seating can make a property much more desirable."
A survey by Rated People revealed that adding elements like decking, pergolas, or outdoor heating can increase a home's selling price by over £8,000 on average. Durable, stylish outdoor furniture pieces allow you to capitalise on this lucrative area.
Pay Attention to Storage
Ample, intelligent storage is something every buyer wants but that many homes lack. "Consider investing in proper built-in cupboards, pantries, or wardrobes," suggests Smith. "They enhance organisation and eliminate clutter, which is a huge selling point."
Furniture that incorporates concealed storage like ottomans with hidden compartments is another clever way to amp up a home's usability (and saleability). A recent study by Hammonds indicated that increasing a home's storage capacity by just 10% could raise its market value by 5%.
By making strategic investments in furniture, interiors, and decor, you'll not only derive enjoyment from your current living spaces but ensure your property commands top dollar when it's time to sell. As Smith summarises: "Thoughtful interior design that walks the line between stylish and neutral creates the kind of aspirational yet liveable home that today's buyers covet."
