Certain home improvements add value to your property and boost the attractiveness of the listing. If you’re considering a private property sale, you’ll need to assess these opportunities in advance.
The addition of a home office is one of the possible home improvements but is it the right one? The answer will depend on the amount you want to add to the overall property value and the specifics of the target audience you’d like to sell to.
Home Office Overview
Statistics show that properties having a home office tend to sell at a higher price than the houses that lack such an option. The difference could be negligible but in some instances, it reaches a spectacular percentage.
A home office is particularly important if you’re trying to reach younger buyers like members of the millennial generation. These individuals are more used to professional independence. Some of them have home-based businesses, others are self-employed. If you want to reach a younger crowd, you’ll definitely have to think about the addition of a home office to the property.
The good news is that home office execution can be inexpensive. Most self-employed individuals aren’t looking for a luxurious solution, they need something practical. This is one of the main reasons why you can keep the cost of execution down and get the best possible return on investment.
Do The Initial Evaluation
Now that we’ve established home office addition as a lucrative opportunity, it’s time to start thinking about the practical aspects of the project. You’ll need to spend some time on preliminary planning, which will enable you to keep the cost limited and to make the most of the opportunity.
The first and the most obvious question you need to ask yourself is where the home office will be located.
Most homeowners choose a spare bedroom for the execution of such projects. If you own an older house that has a formal living or dining room, you can repurpose that space, as well. An attic, a den and even a sunroom can be transformed in a spectacular home office.
When thinking about the execution of the project, you’ll also have to consider the following:
- – The amount of money to spend on a home office. You may consider talking to a professional, in order to assess the budget and the return on investment you’re going to get.
- – The wiring. Will you have to make any changes to the room? Think about the new purpose when doing the plan. New wiring could add to the cost of the project.
- – What to do if you don’t have an entire room to dedicate to a home office? You’ll need to get creative with the home space that isn’t put to good use currently. The space underneath the stairs could become an excellent open-air home office.
A Few Additional Home Office Design Tips
A few final touches can really help you sell the house by boosting the attractiveness of the brand new home office.
The wall colours are one great example of a simple finishing touch that will have great impact. Choose a tone that is bright and cheerful. It should create a warm and inviting workplace environment. Stay away from aggressive colours like red or excessively dark tones.
The view will matter, as well, especially if a buyer plans to spend numerous hours in the home office each day. Think about this factor when choosing the right space for the office. A second-floor room is usually a good idea. Alternatively, you can pick a space that has a beautiful view of the backyard.
The final thing you need to remember is home staging. The selection of the right furniture and accessories will really help you sell the idea. Make it easy for the potential owner to imagine working in the office all day. Choose functional, simple and elegant pieces. Timeless classics will work best.
Home offices can help you save your home faster. Don’t panic about the execution of this project – it can be simple, fast and cost-effective. Spend enough time on doing the preliminary work, since it will simplify the execution.